Consumer credit outstanding surged $28.9 billion (7.1% y/y) during September following an unrevised $16.0 billion August rise. It was the largest increase in postwar history and lifted y/y growth to 7.1%. Expectations were for a $17.2 [...]
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| Nov 09 2015U.S. Consumer Credit Usage Grows at a Record Rate
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 06 2015
U.S. Payroll Increase is Largest This Year; Earnings Strengthen and Jobless Rate Declines
The labor market exhibited unexpected strength last month. Nonfarm payroll employment increased 271,000 during October following revised gains of 137,000 and 153,000 during the prior two months. Together, revisions added 12,000 jobs. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 06 2015
U.S. Payroll Increase is Largest This Year; Earnings Strengthen and Jobless Rate Declines
The labor market exhibited unexpected strength last month. Nonfarm payroll employment increased 271,000 following revised gains of 137,000 and 153,000 during the prior two months. Together, revisions added 12,000 jobs. The latest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 05 2015
Challenger Job Cut Announcements Ease
The outplacement firm of Challenger, Gray & Christmas reported that job cut announcements during October declined to 50,504 (-1.3% y/y) following the prior month's sharp decline to 58,877. Layoffs fell in the aerospace/defense, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 05 2015
U.S. Initial Unemployment Insurance Claims Unexpectedly Jump to 5-Week High
Initial claims for unemployment insurance increased by 16,000 during the week ended October 31 to 276,000 (-3.1% y/y). The prior week's level of 260,000 was unrevised. The latest was the highest level of claims since the last week of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 05 2015
U.S. Productivity Improves but Unit Labor Costs Rise
Nonfarm productivity during Q3'15 grew 1.6% at a seasonally adjusted annual rate (0.4% y/y) following a 3.5% rise in Q2, earlier reported as 3.3%. Zero change in Q3 productivity was expected in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 04 2015
U.S. Trade Deficit Improves Sharply
These foreign trade figures add to the preliminary numbers released one week ago by including trade in services and data by country. The U.S. foreign trade deficit in goods and services during September declined to $40.8 billion [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 04 2015
U.S. ISM Nonmanufacturing Index Improvement Led by New Orders
The Institute for Supply Management (ISM) Composite Index of Nonmanufacturing Sector Business recovered to 59.1 during October after an unrevised September decline to 56.9. Consensus expectations had been for 56.5 in the Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 04 2015
U.S. ADP Payroll Increase Paced by Small Businesses
The ADP/Moody's National Employment Report indicated that nonfarm private sector payrolls increased 182,000 during October after a 190,000 September rise, revised from 200,000. The latest was firmer than expectations for a 178,000 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 03 2015
U.S. Light Vehicle Sales Maintain 15-Year High; Imported Truck Sales Surge
Total sales of light vehicles edged 0.4% higher during October to 18.24 million units (SAAR). The gain followed a total increase of 6.9% during the prior three months and left sales 10.0% higher than one year ago. Total unit sales [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 03 2015
U.S. Factory Sector Orders Decline Led by Aircraft
New orders in the manufacturing sector fell 1.0% during September (-7.1% y/y) following a revised 2.1% August decline. The drop roughly matched expectations in the Action Economics Forecast Survey. It was led by a 1.2% decline (-3.5% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 03 2015
U.S. Energy Prices Remain Weak
Gasoline prices at the pump slipped last week to $2.22 per gallon, off just a penny from the prior week. While prices were down 25.7% y/y, they were 8.8% above the January low of $2.04. Haver Analytics constructs factors adjusting for [...]
by:Tom Moeller
|in:Economy in Brief
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