Overall retail sales including food services & drinking places during May strengthened 1.2% (1.0% y/y) following gains of 0.2% and 1.5%. The April and March results were revised up from little-change and 1.1%. The May increase matched [...]
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| Jun 11 2015U.S. Retail Sales Show Broad-Based Strength
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 10 2015
U.S. Mortgage Loan Applications Improve; Rates Reach November High
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index rebounded 8.4% last week (4.3% y/y) following several weeks of decline. Purchase applications increased 9.7% (14.8% y/y). Applications to refinance [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 10 2015
U.S. Budget Deficit Continues to Lessen
The Federal Government reported an $82.4 billion budget deficit during May compared to a $130.0 billion deficit during May of 2014. A $98.0 billion deficit had been expected in the Action Economics Forecast Survey. For the first eight [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 10 2015
U.S. Quarterly Services Survey Produces Varying Results
The Quarterly Services Survey is produced by the U.S. Census Bureau. It samples approximately 5,000 service businesses with paid employees. For Q1 2015, it indicated that Hospitals revenue grew 9.2% y/y, the largest gain amongst the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 10 2015
U.S. Mortgage Loan Applications Improve; Rates Reach November High
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index rebounded 8.4% last week (4.3% y/y) following several weeks of decline. Purchase applications increased 9.7% (14.8% y/y). Applications to refinance [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 09 2015
U.S. JOLTS: Job Openings Rate Strengthens but Hiring Fails to Keep Pace
emerging labor shortage was evidenced by the job openings rate during April. It gained m/m to 3.7%, up from the recession low of 1.6%. It was just below the series' high of 3.8% early in 2001. The job openings rate is the number of [...]
by:Tom Moeller
|in:Economy in Brief
Inventories at the wholesale level increased 0.4% during April (4.5% y/y) following two months of 0.2% increase. Despite the monthly rise, y/y growth decelerated to 4.5%, its slowest since early last year. Durable goods inventories [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 09 2015
U.S. JOLTS: Job Openings Rate Strengthens but Hiring Fails to Keep Pace
The emerging labor shortage was evidenced by the job openings rate during April. It gained m/m to 3.7%, up from the recession low of 1.6%. It was just below the series' high of 3.8% early in 2001. The job openings rate is the number [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 09 2015
U.S. Small Business Optimism Improves to Five-Month High, Despite a Labor Shortage
The National Federation of Independent Business reported that its Small Business Optimism Index increased to 98.3 during May from an unrevised 96.9 in April. The reading was the highest since December. The percentage of firms [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 09 2015
U.S. Gasoline Prices Remain Steady; Crude Oil Strengthens
Gasoline prices remained unchanged last week at an average $2.78 per gallon at the pump (-24.3% y/y). They were at the highest level since early-December, roughly one-third higher versus the low of $2.04 late in January. Haver [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 08 2015
Fed Indicates Labor Market Conditions Tighten Slightly
The Labor Market Condition Index (LMCI), from the Federal Reserve Board, provides a broad-based measure of the U.S. job market. Through December, it showed tightening conditions. During the winter, however, indications of slack [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 08 2015
Fed Indicates Easing Labor Market Conditions
The Labor Market Condition Index (LMCI), from the Federal Reserve Board, provides a broad-based measure of the U.S. job market. Through December, it showed tightening conditions. In the winter months, however, indications of slack [...]
by:Tom Moeller
|in:Economy in Brief
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