Average gasoline prices improved another 12 cents last week to $2.19 per gallon (-33.8% y/y) following the prior week's 3 cent lift from the low. Prices peaked at $3.70 per gallon this past June. Haver Analytics constructs factors [...]
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| Feb 10 2015U.S. Gasoline and Crude Oil Prices Move Up
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 09 2015
U.S. Labor Market Conditions Index Dips M/M but Trends Sideways
The Labor Market Conditions Index (LMCI) is a tool created by the Federal Reserve Board to assess changes in labor market conditions. It draws on 19 indicators, from broad measures like the unemployment rate to narrower indicators [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 06 2015
U.S. Payroll Jobs & Earnings Grow More Than Expected; Unemployment Rate Nudges Higher
Employment: (M/M Chg., 000s) Jan Dec Nov Y/Y 2014 2013 2012 Payroll Employment 257 329 423 2.3% 1.9% 1.7% 1.7% Previous -- 252 353 -- -- -- -- Manufacturing 22 26 45 1.9 1.4 0.8 1.7 Construction 39 44 30 5.1 4.8 3.7 2.1 Private [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 06 2015
U.S. Consumer Credit Usage Accelerates in 2014
The improvement in consumer confidence last year was accompanied by increased borrowing. For all of 2014, consumer credit outstanding rose 6.9%, the largest rise since 2001. For December alone, consumer credit outstanding gained $14.8 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 06 2015
U.S. Payroll Jobs & Earnings Grow More Than Expected; Unemployment Rate Nudges Higher
Improvement in the job market is strengthening. Payroll employment increased 257,000 (2.3% y/y) during January following upwardly revised gains of 329,000 and 423,000 during the prior two months. The average change in payrolls during [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 06 2015
U.S. Payroll Jobs & Earnings Grow More Than Expected; Unemployment Rate Nudges Higher
Improvement in the job market is strengthening. Payroll employment increased 257,000 (2.3% y/y) during January following upwardly revised gains of 329,000 and 423,000 during the prior two months. The average change in payrolls during [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 06 2015
U.S. Payroll Jobs & Earnings Grow More Than Expected; Unemployment Rate Nudges Higher
Employment: (M/M Chg., 000s) Jan Dec Nov Y/Y 2014 2013 2012 Payroll Employment 257 329 423 2.3% 1.9% 1.7% 1.7% Previous -- 252 353 -- -- -- -- Manufacturing 22 26 45 1.9 1.4 0.8 1.7 Construction 39 44 30 5.1 4.8 3.7 2.1 Private [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 05 2015
Challenger Job Cut Announcements Surge
The outplacement firm of Challenger, Gray & Christmas reported that job cut announcements during January jumped to 53,041 (17.6% y/y) from 32,640 in December. It was the highest layoff level since February 2013. Layoffs rose m/m in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 05 2015
U.S. Worker Productivity Deteriorates Pushing Unit Labor Costs Higher
Nonfarm productivity declined at a 1.8% annual rate last quarter and was unchanged y/y. The figure followed an upwardly revised 3.7% increase in Q3. For all of last year, worker productivity rose 0.8% on average, about the same as it [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 05 2015
U.S. Trade Deficit Widens Unexpectedly as Imports Jump
The U.S. foreign trade deficit in goods and services increased to $46.6 billion during December from $39.8, revised from $39.0 billion. It was the deepest deficit since November 2012 and compared to $38.0 billion expected in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 05 2015
U.S. Initial Claims of Unemployment Insurance Remain Low
Initial claims for unemployment insurance increased to 278,000 during the week ended January 31 from 267,000 in the prior week, revised from 265,000. Claims were at the lowest level since the end of October. The four-week moving [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 04 2015
U.S. Mortgage Loan Applications Improve; Interest Rates Are Stable
The Mortgage Bankers Association reported that their total Mortgage Market Volume Index notched 1.3% higher last week (36.0% y/y) following a slip during the prior week. Refinance applications rose 2.5% (57.7% y/y) and reversed half [...]
by:Tom Moeller
|in:Economy in Brief
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