Initial claims for jobless insurance increased to 274,000 during the week ended March 16 from an unrevised 264,000 in the prior week. The four week moving average eased to 266,250, a fifteen year low. The Action Economics Forecast [...]
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| May 21 2015U.S. Initial Unemployment Insurance Applications Notch Higher
by:Tom Moeller
|in:Economy in Brief
- Global| May 20 2015
U.S. Mortgage Loan Applications Continue To Decline
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index declined 1.5% last week (+11.2% y/y), the fifth decline in six weeks. Purchase applications fell 3.7% (11.3% y/y) while applications to refinance [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 19 2015
U.S. Gasoline Prices Recapture December High; Crude Oil Surges As Well
Gasoline prices rose 5 cents last week to an average $2.74 per gallon at the pump (-25.1% y/y), the highest level since early-December, up roughly one-third versus the late-January low of $2.04. Haver Analytics constructs factors [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 19 2015
U.S. Housing Starts and Permits Jump to 2007 Highs
New home construction is emerging from its winter doldrums. Housing starts during April increased 20.2% to a 1.135 million annual rate (9.2% y/y), the highest point since November 2007. The gain followed an upwardly revised rise to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 18 2015
U.S. Home Builders Index Is Loosing Upward Momentum
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo retreated to 54 in May (+20.0% y/y) following unrevised improvement to 56 in April. The index has moved slightly lower since reaching a ten- [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 15 2015
Empire State Factory Sector Index Improves; Pricing Power Collapses
The Empire State Factory Index of General Business Conditions rose to 3.09 during May after falling below break-even to -1.19 in April. The figure from the Federal Reserve Bank of New York remained well below the 27.41 peak reached [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 15 2015
Empire State Factory Sector Index Improves; Pricing Power Collapses
The Empire State Factory Index of General Business Conditions rose to 3.09 during May after falling below break-even to -1.19 in April. The figure from the Federal Reserve Bank of New York remained well below the 27.41 peak reached [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 15 2015
U.S. Industrial Production Declines While Factory Output Holds Steady
Overall industrial output fell 0.3% during April (+1.9% y/y) following a revised 0.3% March shortfall, initially reported as -0.6%. A 0.1% slip in production had been expected in the Action Economics Forecast Survey. Manufacturing [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 14 2015
U.S. Producer Price Decline is Widespread
The overall Final Demand Producer Price Index declined 0.4% during April (-1.3% y/y) following an unrevised 0.2% March increase. It was the fifth decline in the last six months. A 0.2% uptick was expected in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 14 2015
U.S. Initial Claims for Jobless Insurance Remain At 2000 Low
The job market remains firm. In the week ended May 9, initial claims for jobless insurance slipped to 264,000 from an unrevised 265,000, the lowest levels in fifteen years. The four week moving average declined to 271,750. The Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 13 2015
U.S. Business Inventory Growth Is Trimmed, but Still Outpaces Sales
Total business inventories nudged 0.1% higher during March following a 0.2% February rise, earlier reported as 0.3%. During the last three months, inventory growth slowed to 1.1% (AR) from its high of 7.3% late in 2013. Total business [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 13 2015
U.S. Import Prices Decline Despite Petroleum Price Increase
Import prices declined 0.3% (-10.7% y/y) last month following a 0.2% March fall, revised from -0.3%. The Action Economics Forecast Survey anticipated a 0.2% rise. Prices of petroleum imports increased 1.0% (-47.0% y/y) after a 1.6% [...]
by:Tom Moeller
|in:Economy in Brief
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