Overall retail sales including food services & drinking places during April were little-changed (+0.9% y/y) following a 1.1% March increase, revised from 0.9%. A 0.2% rise had been expected in 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| May 13 2015U.S. Retail Sales Are Sluggish
by:Tom Moeller
|in:Economy in Brief
- Global| May 12 2015
U.S. Budget Deficit Eases as Revenues Surge
The Federal Government reported a $156.7 billion budget surplus during April compared to a $106.9 billion surplus during April of 2014. A $141.0 billion surplus had been expected in the Action Economics Forecast Survey. For the first [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 12 2015
U.S. JOLTS: Job Openings Rate Slips From Record High
The job openings rate during March eased m/m to 3.4%. It remained up from the recession low of 1.6% but just below the series' high of 3.8% early in 2001. The job openings rate is the number of job openings on the last business day of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 12 2015
U.S. Small Business Optimism Recovers Modestly
The National Federation of Independent Business reported that its Small Business Optimism Index improved to 96.9 during April, making up most of its decline to an unrevised 95.2 in March. The figure remained down from the December [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 12 2015
U.S. Energy Prices Increase
Gasoline prices rose 3 cents last week to an average $2.69 per gallon (-26.6%) at the pump, the highest level since early-December and up nearly one-third versus the late-January low of $2.04. Haver Analytics constructs factors [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 11 2015
FIBER: Industrial Commodity Prices Move Higher
The industrial commodity price index from the Foundation for International Business and Economic Research (FIBER) improved 4.0% since the middle of March reflecting improvement amongst several industrial sectors. Prices in the crude [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 08 2015
U.S. Payroll Employment Improves; Jobless Rate Declines to 2008 Low
Nonfarm payroll employment during April increased 223,000 (2.2% y/y) following an 85,000 March rise, revised from 126,000. Expectations roughly matched a 225,000 gain in the Action Economics Forecast Survey. Improvement in services [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 08 2015
U.S. Payroll Employment Improves; Jobless Rate Declines to 2008 Low
Nonfarm payroll employment during April increased 223,000 (2.2% y/y) following an 85,000 March rise, revised from 126,000. Expectations had been for a 225,000 gain in the Action Economics Forecast Survey. Improvement in services and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 07 2015
U.S. Consumer Borrowing Strengthens
Consumer credit outstanding increased $20.5 billion (6.9% y/y) during March following a $14.8 billion February rise, initially reported as $15.5 billion. The gain was the strongest since July. Expectations were for a $16.0 billion [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 07 2015
Challenger Job Cut and New Hiring Announcements Increase
Job market churning increased last month; job cuts surged along with hiring. The outplacement firm of Challenger, Gray & Christmas reported that job cut announcements during April increased 61,582 (52.8% y/y) following a sharp drop [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 07 2015
U.S. Initial Unemployment Insurance Claims Remain Near 2000 Low
The job market remains on solid ground. In the week ended May 2nd, initial claims for jobless insurance increased to 265,000 from an unrevised 262,000, the lowest levels in fifteen years. The four week moving average declined to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 06 2015
U.S. ADP: Job Growth Is Disappointing
The ADP/Moody's National Employment Report indicated that nonfarm private sector payrolls increased 169,000 during April following a 175,000 March gain, revised from 189,000. The latest rise was the weakest since January of last year [...]
by:Tom Moeller
|in:Economy in Brief
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