Total business inventories rose 0.2% in November (4.4% y/y), the same as in October, which was unrevised. Total business sales edged down 0.2% (+2.2% y/y) following a deepened 0.3% decline. The resulting inventory/sales ratio for [...]
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| Jan 14 2015U.S. Business Inventory Growth Is Stable Though Sales Decline, Again
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 14 2015
U.S. Import Prices Led Lower by Petroleum
Import prices declined 2.5% (-5.5% y/y) during December following a 1.8% November drop, earlier reported as -1.5%. It was the largest of six straight months of decline and matched expectations in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 14 2015
U.S. Retail Sales Post Broad-Based Declines Led by Lower Gasoline Prices
Overall retail sales including food services declined 0.9% (+3.2% y/y) during December following a 0.4% November increase, revised from 0.7%. No change in sales had been expected in the Action Economics Forecast Survey. Sales [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 13 2015
U.S. Budget Surplus Shrinkage Reflects Strong Health Program Spending
The Federal Government reported a $1.9 billion budget surplus during December compared to a $53.2 billion surplus during December of 2014. For the first three months of Fiscal Year 2015, the deficit of $176.7 billion compares to a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 13 2015
U.S. JOLTS: Job Openings Rate Returns to 2001 High
The job openings rate during November increased to 3.4% and matched the highest level since April 2001. The job openings rate is the number of job openings on the last business day of the month as a percent of total employment plus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 13 2015
U.S. Small Business Optimism Surges
The National Federation of Independent Business reported that its Small Business Optimism Index for December jumped to 100.4 following an unrevised gain to 98.1 during November. The latest level was the highest since October 2006. For [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 13 2015
U.S. Gasoline Price Accompanies Crude Oil Still Lower
Petroleum prices can't find support. Average gasoline prices declined 7 cents in the week ended January 12 to $2.14 per gallon. Prices have fallen more than one-third during the last year and by nearly one-half since their June high [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 12 2015
U.S. Wholesale Inventories Jump As Sales Decline
Inventories at the wholesale level during November jumped 0.8% following a 0.6% October rise, earlier reported as 0.4%. Durable goods inventories led the gain with a 0.8% increase (7.1% y/y). It reflected a 2.6% rise (15.1% y/y) in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 09 2015
U.S. Payroll Employment Growth Improves in 2014; Unemployment Rate Falls to 2008 Low
The job market remains firm. Nonfarm payroll jobs grew 2.527 million (1.9%) last year, the strongest increase since 2000. Moreover, the 252,000 rise during December (2.1% y/y) followed upwardly revised gains of 353,000 and 261,000 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 09 2015
U.S. Payroll Employment Growth Improves in 2014; Unemployment Rate Falls to 2008 Low
The job market remains firm. Nonfarm payroll jobs grew 2.527 million (1.9%) last year, the strongest increase since 2000. Moreover, the 252,000 rise during December (2.1% y/y) followed upwardly revised gains of 353,000 and 261,000 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 08 2015
U.S. Consumer Credit Usage Continues Moderately
Consumer credit outstanding increased $14.1 billion during November following an upwardly revised $16.0 billion October rise, initially reported as $13.2 billion. Expectations were for a $15.0 billion increase, according to the Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 08 2015
Challenger Job Cut Announcements Slip
The outplacement firm of Challenger, Gray & Christmas reported that job cut announcements fell to 32,640 (+6.6% y/y) during December from 35,940 in November. It was the lowest layoff level in three months. For all of 2014, layoffs [...]
by:Tom Moeller
|in:Economy in Brief
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