Modest improvement in U.S. factory sector activity is lending support to industrial commodity prices. Since December, manufacturing sector production has been roughly unchanged following last year's 0.3% decline from December-to- [...]
Introducing
Tom Moeller
in:Our Authors
Prior to joining Haver Analytics in 2000, Mr. Moeller worked as the Economist at Chancellor Capital Management from 1985 to 1999. There, he developed comprehensive economic forecasts and interpreted economic data for equity and fixed income portfolio managers. Also at Chancellor, Mr. Moeller worked as an equity analyst and was responsible for researching and rating companies in the economically sensitive automobile and housing industries for investment in Chancellor’s equity portfolio. Prior to joining Chancellor, Mr. Moeller was an Economist at Citibank from 1979 to 1984. He also analyzed pricing behavior in the metals industry for the Council on Wage and Price Stability in Washington, D.C. In 1999, Mr. Moeller received the award for most accurate forecast from the Forecasters' Club of New York. From 1990 to 1992 he was President of the New York Association for Business Economists. Mr. Moeller earned an M.B.A. in Finance from Fordham University, where he graduated in 1987. He holds a Bachelor of Arts in Economics from George Washington University.
Publications by Tom Moeller
Global| Nov 14 2016FIBER: Industrial Commodity Prices Strengthen
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 10 2016
U.S. Budget Deficit Equals $44.2 Billion
The U.S. Treasury Department reported that the federal government ran a budget deficit of $44.2 billion during October compared to a $136.6 billion deficit one year earlier. A $74.0 billion deficit was expected in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 10 2016
U.S. Initial Unemployment Insurance Claims Retrace Earlier Gains
Initial claims for jobless insurance claims declined to 254,000 (-8.0% y/y) during the week ended November 5 following an unrevised increase to 265,000 claims in the week prior. It was the lowest level of claims in four weeks. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 09 2016
U.S. Wholesale Inventories & Sales Rise Modestly
Inventories at the wholesale level notched 0.1% higher (-0.1% y/y) during September following a 0.1% August slip, revised from -0.2%. The advance report had indicated a 0.2% September rise. Inventories of durable goods declined 0.4% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 09 2016
U.S. Mortgage Loan Applications Fall
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index declined 1.2% last week (+17.6% y/y), the same as during the prior week. Refinancing applications fell 2.7% (+22.7% y/y) following a 1.6% shortfall. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 08 2016
U.S. Energy Prices Remain Under Pressure
Prices in the energy sector remained under pressure last week. Natural gas prices declined to $2.43 per mmbtu last week, prices have fallen from $3.15 just three weeks ago, and equaled the lowest level since early June. They remained [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 08 2016
U.S. JOLTS: Job Openings Improve While Layoffs Decline Sharply
The labor market improved further during September. The total job openings rate increased to 3.7% from an unrevised to 3.6% in August. It remained down. however, from the record high of 3.9% in July. The private sector job openings [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 08 2016
U.S. Small Business Optimism Improves
The National Federation of Independent Business reported that its Small Business Optimism Index increased 0.9% during October to 94.9 following two months of slight decline. Optimism remained down 5.4% versus its peak in December [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 07 2016
U.S. Consumer Credit Usage Eases
Consumer credit outstanding increased $19.3 billion (6.5% y/y) during September following a $26.8 billion August rise, revised from $25.9 billion. An $18.0 billion increase had been expected in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 07 2016
U.S. Labor Market Conditions Index Improves
The Labor Market Conditions Index (LMCI) from the Federal Reserve Board includes 19 indicators of labor market activity, covering the broad categories of unemployment and underemployment. These include jobs, workweeks, wages, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 04 2016
U.S. Payroll Increase Fades; Earnings Growth Improves
Nonfarm payroll employment increased 161,000 (1.7% y/y) during October following revised gains of 191,000 and 176,000 in September and August. These had been reported as 156,000 and 167,000, respectively. A 174,000 rise in employment [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 04 2016
U.S. Payroll Increase Fades; Earnings Growth Improves
Nonfarm payroll employment increased 161,000 (1.7% y/y) during October following revised gains of 191,000 and 176,000 in September and August. These had been reported as 156,000 and 167,000, respectively. A 174,000 rise in employment [...]
by:Tom Moeller
|in:Economy in Brief
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