Consumer credit outstanding increased $20.7 billion during June following a $16.5 billion May rise, initially reported as $16.1 billion. Expectations were for a $17.1 billion increase according to the Action Economics Forecast Survey. [...]
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| Aug 10 2015U.S. Consumer Borrowing Firms
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 07 2015
U.S. Payroll Employment Gain Eases; Jobless Rate Holds Steady
Nonfarm payroll employment during July increased 215,000 (2.1% y/y) following upwardly revised increases of 231,000 and 260,000 in June and May. The latest increase fell a little short of expectations for 221,000 in the Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 07 2015
U.S. Payroll Employment Gain Eases; Jobless Rate Holds Steady
Nonfarm payroll employment during July increased 215,000 (2.1% y/y) following upwardly revised increases of 231,000 and 260,000 in June and May. The latest increase fell short of expectations for 221,000 in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 06 2015
Challenger Job Cut Announcements Surge
The outplacement firm of Challenger, Gray & Christmas reported that job cut announcements during July jumped to 105,696 (125.4% y/y) and added to June's unrevised increase of 44,842. Layoffs spiked higher in the computer, electronics, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 06 2015
U.S. Initial Unemployment Insurance Claims Remain Near Expansion Low
Initial claims for unemployment insurance edged up to 270,000 (-9.2% y/y) during the week ended August 1 from an unrevised 267,000 during the prior week. Claims have been hovering near this 40-year low for three months. The four-week [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 05 2015
U.S. Trade Deficit Deepens Slightly
These foreign trade figures add to the preliminary numbers released last Thursday by including trade in services and by country. The U.S. foreign trade deficit in goods and services during June increased to $43.8 billion after a May [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 05 2015
U.S. ISM Nonmanufacturing Index Jumps to 10-Year High
The Institute for Supply Management (ISM) Composite Index of Nonmanufacturing Sector Business increased to 60.3 during July from an unrevised 56.0 in June. It was the highest level since August 2005 and surpassed expectations for 56.2 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 05 2015
U.S. ADP: Payroll Employment Increase Softens
The ADP/Moody's National Employment Report indicated that nonfarm private sector payrolls improved 185,000 during July (2.3% y/y) following a downwardly revised 229,000 June increase. The gain fell short of consensus expectations for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 04 2015
U.S. Factory Sector Orders Ease
New orders in the manufacturing sector increased 1.8% during June (-6.2% y/y) following a 1.1% May decline. The rise roughly matched expectations in the Action Economics Forecast Survey. Durable goods orders rose 3.4% (-3.0% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 04 2015
U.S. Gasoline Prices Touch Three-Month Low; Crude Oil Slides
Gasoline prices at the pump fell to an average $2.69 per gallon (-23.5% y/y) last week, the lowest level since mid-May. This summer's high in prices was $2.84 per gallon reached in mid-June. Haver Analytics constructs factors [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 03 2015
U.S. Light Vehicle Sales Rebound
Total sales of light vehicles increased 3.3% during July to 17.55 million units (SAAR, 6.2% y/y), recovering most of June's decline from the cycle high. Light truck purchases improved 3.9% to 9.75 million units (14.0% y/y), the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 03 2015
U.S. Construction Spending Trend Is Strong
The value of construction put-in-place ticked 0.1% higher during June (12.3% y/y) following gains of 1.8% and 3.8% during the prior two months. These were much stronger than reported earlier. Three-month growth of 25.2% (AR) was [...]
by:Tom Moeller
|in:Economy in Brief
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