Gasoline prices at the pump continued to fall last week and averaged $2.38 per gallon (-30.3% y/y). That was down 6 cents from a week earlier and below $2.84 in mid-June. Haver Analytics constructs factors adjusting for the seasonal [...]
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| Sep 15 2015U.S. Gasoline and Crude Oil Prices Decline
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 15 2015
U.S. Industrial Production Declines Broadly
Overall industrial output decreased 0.4% during August after a 0.8% July gain, last month reported as 0.6%. A 0.2% decline had been expected in the Action Economics Forecast Survey. Manufacturing sector production fell 0.5% (+1.3% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 15 2015
Empire State Factory Sector Activity Decreases For Second Consecutive Month
The Empire State Factory Index of General Business Conditions remained negative during September, nearly the weakest reading since the recession. The latest figure of -14.67 compared to an unrevised -14.92 in August. These diffusion [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 15 2015
U.S. Retail Sales Advance Slightly
Overall retail sales including food services & drinking places during August increased 0.2% (1.6% y/y). A 0.3% rise had been expected in the Action Economics Forecast Survey. July's 0.7% gain and June's slight decline were little [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 14 2015
FIBER: Industrial Commodity Prices Remain Under Pressure
Only moderate improvement in U.S. economic activity combined with weakness in the rest of the world provided little support to crude materials prices last month. The industrial commodity price index from the Foundation for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 14 2015
U.S. Budget Deficit Halves in August Due to Calendar Quirks, Trending Toward Eight-Year Low
The U.S. Treasury Department reported a $64.4 billion budget deficit during August, half the $128.7 billion deficit during August of 2014. An $84.0 billion deficit had been expected in the Action Economics Forecast Survey. Because [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 04 2015
U.S. Payroll Employment Increase Weakens; Jobless Rate Falls to 2008 Low
Last month's increase in payroll employment disappointed expectations and rose 173,000 (2.1% y/y), the weakest increase since March. A gain of 215,000 had been expected in the Action Economic Forecast Survey. The July increase was, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 04 2015
U.S. Payroll Employment Increase Weakens; Jobless Rate Falls to 2008 Low
Last month's increase in payroll employment disappointed expectations and rose 173,000 (2.1% y/y), the weakest increase since March. A gain of 215,000 had been expected in the Action Economic Forecast Survey. The July increase was, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 03 2015
Challenger Job Cut Announcements Pull Back
The outplacement firm of Challenger, Gray & Christmas reported that job cut announcements during August declined sharply to 41,186 (+2.9% y/y) and more-than-reversed July's unrevised surge to 105,496. Layoffs pulled back in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 03 2015
U.S. Initial Unemployment Insurance Applications Rebound to Eight-Week High
Initial claims for unemployment insurance rebounded to 282,000 during the week ended August 29 from 270,000 in the prior week, revised from 271,000. It was the highest level of claims since the first week of July. The four-week moving [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 03 2015
U.S. ISM Nonmanufacturing Index Dips but Remains Near 10-Year High
The Institute for Supply Management (ISM) Composite Index of Nonmanufacturing Sector Business eased to 59.0 during August from an unrevised 60.3 in July. These figures are the highest since the middle of 2005. Consensus expectations [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 03 2015
U.S. Trade Deficit Is Shallower
These foreign trade figures add to the preliminary numbers released last Friday by including trade in services and by country. The U.S. foreign trade deficit in goods and services during July eased to $41.9 billion from $45.2 billion [...]
by:Tom Moeller
|in:Economy in Brief
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