Initial claims for unemployment insurance eased to 266,000 during the week ended August 6 following 267,000 claims in the week prior, revised from 269,000. Claims remained near the lowest level since 1973. The four-week moving average [...]
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| Aug 11 2016U.S. Initial Unemployment Insurance Claims Remain Little Changed
by:Tom Moeller
|in:Economy in Brief
Global| Aug 11 2016U.S. Import Price Rise Driven by Nonpetroleum Products; Oil Costs Decline
Import prices edged 0.1% higher (-3.7% y/y) during July following a 0.6% June gain, revised from 0.2%. The rise compared to expectations for a 0.4% fall in the Action Economics Forecast Survey. These figures are not seasonally [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 10 2016U.S. Budget Deficit Continues to Deepen
So far in FY'16, the federal government's budget deficit totaled $513.7 billion, up 10.4% versus $465.5 billion in the first ten months of FY'15. That result was highlighted in today's U.S. Treasury Department report of a $112.8 [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 10 2016U.S. Home Affordability Declines to 2008 Low
The National Association of Realtors reported that the Composite Index of Home Affordability declined 3.8% during June to 153.3, the lowest level since November 2008. The index was 28.5% below its peak in January 2013. During the last [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 10 2016U.S. JOLTS: Job Openings and Hires Rates Edge Higher
The total job openings rate nudged higher to 3.8% during June following a May decline to 3.7%. The record high of 3.9% had been reached in April. The private sector job openings rate also improved to 4.0% from 3.9%, but remained below [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 10 2016U.S. Mortgage Loan Applications Rebound
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index increased 7.1% (41.9% y/y) last week following three consecutive weeks of decline. Refinancing applications gained 9.6% and increased by two-thirds [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 09 2016U.S. Petroleum Prices Decline While Natural Gas Prices Increase
Regular gasoline prices averaged $2.15 per gallon last week (-18.2% y/y), down a penny from the week earlier. Prices were 25 cents lower than early last month, according to the U.S. Department of Energy. Prices were down versus a 2014 [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 09 2016U.S. Small Business Optimism Strengthens
The National Federation of Independent Business reported that its Small Business Optimism Index increased 0.1% during July to 94.6 following an unrevised 0.7% June rise. Despite the gain, optimism remained down 1.1% versus last July. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 09 2016U.S. Productivity Declines for Third Straight Quarter
Nonfarm output per hour during Q2'16 declined at a 0.5% annual rate (-0.4% y/y) following an unrevised 0.6% Q1 shortfall. It was the third consecutive quarterly decline and compared to expectations for a 0.5 rise in the Action [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 08 2016U.S. Labor Market Conditions Index Turns Positive
The Labor Market Conditions Index 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, vacancies, [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 05 2016U.S. Payroll Growth is Surprisingly Strong
The job market remained on firm footing during July. Nonfarm payroll employment grew 255,000 (1.7% y/y) following upwardly revised gains of 292,000 and 24,000 during the prior two months. A 180,000 increase had been expected in the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 05 2016U.S. Consumer Credit Usage Softens to Four Year Low
Consumer credit outstanding increased $12.3 billion during June following a $17.9 billion May gain, revised from $18.6 billion. The 4.1% m/m increase was the smallest since July 2012. A $15.0 billion increase had been expected in the [...]
by:Tom Moeller
|in:Economy in Brief
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