Consumer credit outstanding increased $10.5 billion during January (6.5% y/y) following a $6.4 billion December rise, revised from $21.3 billion. Action Economics Forecast Survey participants looked for a $17.0 billion January [...]
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 07 2016U.S. Consumer Credit Usage Increases
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 07 2016
U.S. Labor Market Conditions Index Falls to New Low
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| Mar 04 2016
U.S. Payrolls Increase Above Expectations; Jobless Rate Is Unchanged; Earnings Dip
The job market firmed during February. Payroll employment increased by 242,000 after slowing in January, while the unemployment held steady at 4.9%, its lowest level since February 2008. The overall unemployment rate including [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 04 2016
U.S. Payrolls Increase Above Expectations; Jobless Rate Is Unchanged; Earnings Dip
The job market firmed during February. Payroll employment increased by 242,000 after slowing in January, while the unemployment held steady at 4.9%, its lowest level since February 2008. The overall unemployment rate including [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 03 2016
U.S. Factory Sector Orders Increase As Transportation Orders Rebound
New orders in the manufacturing sector increased 1.6% (-3.3% y/y) during January following an unrevised 2.9% December decline. The rise compared to expectations for a 1.5% increase in the Action Economics Forecast Survey. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 03 2016
U.S. ISM Nonmanufacturing Index Is Steady At Two-Year Low
The Composite Index of Nonmanufacturing Sector Business from the Institute for Supply Management (ISM) was little-changed at 53.4 during February versus an unrevised 53.5 in January. It was the lowest reading since February 2014. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 03 2016
U.S. Productivity Decline Is Lessened
Nonfarm output per hour declined 2.2% at an annual rate (+0.5% y/y) during Q4'15, revised from a -3.0% estimated last month. The shortfall followed a 2.0% Q3 increase. A 3.1% decline had been expected in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 03 2016
U.S. Initial Unemployment Insurance Claims Inch Higher
Initial claims for unemployment insurance claims increased to 278,000 during the week ended February 27 following an unrevised increase to 272,000 during the prior week. The four-week moving average slipped to 270,250 and remained [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 02 2016
U.S. Light Vehicle Sales Remain Strong
Total sales of light vehicles during February eased 0.2% m/m to 17.54 million units (SAAR) from 17.58 million in January. The sizable 7.0% y/y increase continued to reflect the decline in gasoline prices, strong consumer confidence [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 02 2016
U.S. Mortgage Loan Applications Dip; Rates Remain Lower
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index fell 4.8% last week (+18.1% y/y), about as it did during the prior week. Nevertheless, applications rose nearly one-quarter last month versus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 02 2016
U.S. ADP Reports Hiring Growth Improves
The ADP/Moody's National Employment Report indicated that nonfarm private sector payrolls rose 214,000 during February versus 193,000 in January, revised from 205,000. The latest gain was firmer than expectations for a 195,000 rise in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 01 2016
U.S. Construction Activity Increases Sharply
The value of construction put-in-place increased 1.5% during January (9.5% y/y) after a 0.6% December gain, revised from 0.1%. It was the strongest rise since May, and exceeded the 0.5% increase expected in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
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