Consumer credit outstanding increased $21.3 billion during December following an unrevised $14.0 billion November gain. For all of last year, consumer credit balances grew 6.9% to $3.55 trillion, the same growth as in 2014. Action [...]
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| Feb 05 2016U.S. Consumer Credit Usage Ramps Up in December; Remains Steady in 2015
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 05 2016
U.S. Payrolls Increase Moderately; Unemployment Rate Declines; Earnings Strengthen
Nonfarm payrolls increased 151,000 during January following gains of 262,000 during December and 280,000 in November. Revisions subtracted a net 2,000 jobs in these two months. Expectations had been for a 198,000 rise in the Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 05 2016
U.S. Payrolls Increase Moderately; Unemployment Rate Declines; Earnings Strengthen
Nonfarm payrolls increased 151,000 during January following increases of 262,000 during December and 280,000 in November. These revisions subtracted a net 2,000 jobs. Expectations had been for a 198,000 rise in the Action Economic [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 04 2016
Challenger Job Cut Announcements Rebound and Hiring Declines
The outplacement firm of Challenger, Gray & Christmas reported that job cut announcements during January jumped to 75,114 (41.6% y/y) following the prior month's unrevised decline to 23,622. The latest was the highest level of in six [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 04 2016
U.S. Factory Sector Orders Decline Led by Transportation
New orders in the manufacturing sector fell 2.9% during December following a 0.7% easing in November, revised from -0.2%. The decline roughly matched expectations for a 2.7% drop in the Action Economics Forecast Survey. The shortfall [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 04 2016
U.S. Productivity Decline Lifts Unit Labor Costs
Nonfarm output per hour declined 3.0% at an annual rate (+0.3% y/y) during Q4'15 following a 2.1% Q3 increase. A 1.8% decline had been expected in the Action Economics Forecast Survey. It was the third decline in the last five [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 04 2016
U.S. Initial Unemployment Insurance Claims Move Higher
Initial claims for jobless insurance increased to 285,000 during the week ended January 30 from 277,000 in the prior week, revised from 278,000. The four-week moving average increased to 284,750, up slightly versus late last year. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 03 2016
U.S. ISM Nonmanufacturing Index Declines Sharply, Nearing 2014 Low
The Composite Index of Nonmanufacturing Sector Business from the Institute for Supply Management (ISM) declined to 53.5 during January from an upwardly revised 55.8 in December. It was the lowest level since February 2014. Consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 03 2016
U.S. ADP Reports Moderate Increase in Hiring
The ADP/Moody's National Employment Report indicated that nonfarm private sector payrolls rose 205,000 during January following a 267,000 December increase, revised from 257,000. The latest gain was firmer than expectations for a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 02 2016
U.S. Gasoline Prices Weaken To 2009 Low
Gasoline prices continued to decline last week and reached a nine year low. The pump price for a gallon of regular gasoline fell to an average $1.82 (-11.9% y/y), down from $1.86 in the prior week, according to the U.S. Department of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 02 2016
U.S. Light Vehicle Sales Edge Higher
Total sales of light vehicles during January improved 1.4% m/m to 17.58 million units (SAAR) from 17.34 million in December. The 5.2% y/y increase was prompted by the decline in gasoline prices, strong consumer confidence and low [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 02 2016
U.S. Gasoline Prices Weaken to 2009 Low
Gasoline prices continued to decline last week and reached a nine year low. The pump price for a gallon of regular gasoline fell to an average $1.82 (-11.9% y/y), down from $1.86 in the prior week, according to the U.S. Department of [...]
by:Tom Moeller
|in:Economy in Brief
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