Initial claims for unemployment insurance notched higher during the week ended October 15 to 259,000 from 256,000 during the prior week, revised from 255,000. The figure remained near the November 1973 low. The Action Economics [...]
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| Oct 22 2015U.S. Initial Jobless Insurance Claims Remain Near 1973 Low
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 21 2015
U.S. Mortgage Loan Applications Recover as Interest Rates Remain Low
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index rose 11.8% (-5.9%) following two weeks of extreme volatility. During those weeks, applications first rose by one-quarter then fell by a like amount. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 20 2015
U.S. Gasoline and Crude Oil Prices Ease
Gasoline prices at the pump declined last week to $2.28 per gallon (-27.0% y/y), the lowest level since mid-February. Haver Analytics constructs factors adjusting for the seasonal variation in pump prices. The seasonally adjusted [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 20 2015
Philadelphia Fed Nonmanufacturing Survey Indicates Improvement
The Federal Reserve Bank of Philadelphia reported that its Index of Nonmanufacturing Sector Activity at the company level rose to 37.5, the highest level since June. Nevertheless, the reading remained below the year-ago level for the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 20 2015
U.S. Housing Starts Post Firm Gain but Building Permits Ease
Housing starts during September increased 6.0% to 1.206 million (AR) from 1.132 million in August, last month reported as 1.126 million. During all of the third quarter, starts inched 0.5% higher versus Q2. The latest figure surpassed [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 19 2015
U.S. Home Builders Index Strengthens to 10-Year High
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo increased 4.9% to 64 (18.5% y/y) from a downwardly revised September level of 61. It was the highest level since October 2005 and beat [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 16 2015
U.S. JOLTS: Job Openings Rate Declines; Hiring Rate Remains Stable
The job openings rate declined to 3.6% during August from July's cycle-high of 3.8%. It nevertheless remained up versus 3.4% one year earlier. The job openings rate is the number of job openings on the last business day of the month [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 16 2015
U.S. Industrial Production Continues to Soften
Overall industrial output eased 0.2% during September (+0.4% y/y) following a 0.1% dip in August, last month reported as -0.4%. The latest decline matched expectations in the Action Economics Forecast Survey. Manufacturing sector [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 16 2015
U.S. Budget Deficit Shrinks to Eight-Year Low As Revenues Strengthen
The U.S. Treasury Department reported a $438.9 billion budget deficit during FY2015, narrower than the $483.4 billion deficit in FY2014. It was the smallest deficit since FY2007. As a percent of GDP, the roughly 2.5% was the least [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 15 2015
Philadelphia Fed Business Conditions Remains Below Break-Even
The Philadelphia Federal Reserve Bank reported that its General Factory Sector Business Conditions Index for October remained negative for the second straight month. At -4.5, the latest figure was barely above September's -6.0 and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 15 2015
Empire State Factory Sector Activity Continues Lower
The Empire State Factory Index of General Business Conditions remained negative during October for the third straight month and was nearly the weakest reading since the recession. The latest reading of -11.36 compared to an unrevised [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 15 2015
U.S. Initial Claims For Unemployment Insurance Touch 1973 Low
The job market continues to strengthen. Initial claims for unemployment insurance declined to 255,000 (-6.8% y/y) during the week ended October 10 from a little-revised 262,000 during the prior week. The figure matched the lowest [...]
by:Tom Moeller
|in:Economy in Brief
- of1071Go to 380 page