Chicago purchasing managers reported that their March Business Barometer Index jumped to 53.6, after declining to 47.6 in February. The latest reading beat expectations for a smaller rise to 49.4 in the Action Economics Forecast [...]
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| Mar 31 2016Chicago Purchasing Managers Index Strengthens in March
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 31 2016
Challenger Job Cut Announcements Decline While Hiring Jumps
The outplacement firm of Challenger, Gray & Christmas reported that job cut announcements during March fell to 48,207 (+31.7% y/y) following the prior month's unrevised decline to 61,599. The latest was the lowest level in three [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 31 2016
U.S. Initial Unemployment Insurance Claims Rise Again
Initial claims for unemployment insurance increased to 276,000 during the week ended March 26 from an unrevised 265,000 in the prior week. It was the highest level in eight weeks. Expectations were for 266,000 claims in the Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 30 2016
U.S. Mortgage Loan Applications Continue to Decline
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index declined 1.0% last week (+0.8% y/y), following two weeks of 3.3% decline. Refinancing applications dropped 3.3% (-11.2% y/y), the sixth consecutive [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 30 2016
U.S. ADP Reports Hiring Growth Remains Steady
The ADP/Moody's National Employment Report indicated that nonfarm private sector payrolls rose 200,000 (2.1% y/y) during March following a 205,000 February increase, revised from 214,000. The latest gain was firmer than expectations [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 29 2016
U.S. Consumer Confidence Is Stronger Than Expected
The Conference Board's Consumer Confidence Index during March increased 2.3% (-5.1% y/y) to 96.2 from 94.0 in February, revised from 92.2. The latest figure compared to an expected 93.5 in the Action Economics Forecast Survey. During [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 29 2016
Texas Factory Sector Deterioration Eases
The Federal Reserve Bank of Dallas indicated that industrial activity in the state continued to deteriorate this month, but the rate of decline lessened. The measure of general business activity of -13.6 was the smallest negative [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 29 2016
U.S. Gasoline & Crude Oil Prices Continue to Rise
Regular gasoline prices rose, on average, last week to $2.07 per gallon (-15.6% y/y) from $2.01 in the prior week. It was the highest price in four months, according to the U.S. Department of Energy. The price compares to a 2014 high [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 29 2016
U.S. Consumer Confidence Is Stronger Than Expected
The Conference Board's Consumer Confidence Index during March increased 2.3% (-5.1% y/y) to 96.2 from 94.0 in February, revised from 92.2. The latest figure compared to an expected 93.5 in the Action Economics Forecast Survey. During [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 28 2016
NABE Expects Moderate 2017 Economic Growth, but Lowers 2016 Estimate
The National Association for Business Economics projects 2.4% real economic growth in the U.S. next year following a 2.2% estimate for 2016, which was revised down from 2.6% projected in December. The gains follow a 2.4% rise in both [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 28 2016
U.S. Pending Home Sales Rebound
The National Association of Realtors (NAR) reported that pending sales of single-family homes rose 3.5% in February (0.7% y/y) and recovered January's 3.0% decline, initially reported as -2.5%. The February sales volume was 1.9% below [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 28 2016
U.S. Personal Spending Is Restrained As Saving Increases
Personal consumption expenditures during February increased a minimal 0.1% (3.8% y/y) for the third consecutive month. January's gain was revised from 0.5%. The latest rise matched expectations in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
- of1073Go to 357 page