The job openings rate increased to 3.9% in April from 3.8% in March. The latest level equaled the record high. The private sector job openings rate increased to a record 4.2%. This rate compared to 2.2% in the public sector. The 4.7% [...]
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| Jun 08 2016U.S. JOLTS: Job Openings Rate Equals the Record High Reached Last July, But Hires Ease Again
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 08 2016
U.S. JOLTS: Job Openings Rate Reaches Record High, But Hires Ease Again
The job openings rate increased to 3.9% during April after remaining at 3.8% for three months. The latest level equaled the record high. The private sector job openings rate increased to a record 4.2%. This rate compared to 2.2% in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 08 2016
U.S. Mortgage Loan Applications Rebound
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index increased 9.3% last week (29.9% y/y) following a 4.1% decline during the week prior. Purchase applications jumped 11.7% (16.6% y/y) and more than [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 07 2016
U.S. Consumer Credit Increase Is Strongest Since 2001
Consumer credit outstanding jumped $29.7 billion during March (6.6% y/y) following a $14.1 billion February rise, revised from $17.2 billion. It was the fastest gain since November 2001. A $15.7 billion increase had been expected in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 07 2016
U.S. Gasoline Prices Rise With the Beginning of Summer
The busiest driving season has given rise to further strength in gasoline prices. Regular gasoline prices increased to $2.34 per gallon during Memorial Day week (-15.9% y/y) following the prior week's jump to $2.30, according to the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 07 2016
U.S. Productivity Declines for a Second Quarter and Cost Pressures Build
Nonfarm output per hour during Q1'16 fell 1.0% at an annual rate (+0.6% y/y) following a 1.7% Q4'15 shortfall, revised from -2.2%. A 1.5% decline had been expected in the Action Economics Forecast Survey. It was the fourth [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 07 2016
U.S. Consumer Credit Gain Moderates
Consumer credit outstanding increased $13.4 billion during April following a $28.4 billion March surge, revised from $29.7 billion. A $19.0 billion increase had been expected in the Action Economics Forecast Survey. During the last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 07 2016
U.S. Energy Prices Strengthen
Regular gasoline prices increased to $2.38 per gallon last week (-14.4% y/y) following the prior week's rise to $2.34, according to the U.S. Department of Energy. Prices have risen by one-third since mid-February and were at the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 07 2016
U.S. Productivity Decline is Lessened and Cost Pressures Build
Nonfarm output per hour during Q1'16 fell 0.6% at an annual rate (+0.7% y/y), revised from -1.0%, following an unrevised 1.7% Q4'15 shortfall. The decline matched expectations in the Action Economics Forecast Survey. The latest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 07 2016
U.S. Productivity Declines for a Second Quarter
Nonfarm output per hour during Q1'16 fell 1.0% at an annual rate (+0.6% y/y) following a 1.7% Q4'15 shortfall, revised from -2.2%. A 1.5% decline had been expected in the Action Economics Forecast Survey. It was the fourth [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 06 2016
U.S. Labor Market Conditions Index Deteriorates
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| Jun 06 2016
NABE Expects Moderate 2017 Economic Growth, but Lowers 2016 Estimate Again
The National Association for Business Economics projects 2.3% real U.S. economic growth next year, little changed from its last estimate of 2.4% growth. This year's estimate was reduced, however, to 1.8% from 2.2%, and from 2.6% [...]
by:Tom Moeller
|in:Economy in Brief
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