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 [...]
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 13 2015U.S. Gasoline Price Accompanies Crude Oil Still Lower
by:Tom Moeller
|in:Economy in Brief
Global| Jan 12 2015U.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 2015U.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 2015U.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 2015U.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 2015Challenger 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
Global| Jan 08 2015U.S. Initial Jobless Insurance Claims Fall Back
Initial unemployment insurance claims during the week ended January 3 fell to 294,000 (-11.7% y/y) after rising to an unrevised 298,000 in the prior week. The four-week moving average of initial claims was fairly steady at 290,500. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 07 2015U.S. Trade Deficit Narrows Sharply With Fewer Imports
The U.S. foreign trade deficit in goods and services narrowed to $39.0 billion in November from $42.2 billion in October, revised from $43.4 billion. It was the smallest deficit since December 2013 and compared to $41.9 billion [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 07 2015U.S. ADP Employment Growth is Steady and Firm
The labor market turned in another respectable performance last year, according to the ADP/Moody's National Employment Report. Private sector payroll employment grew 2.1% in 2014 and annual increases have ranged between 1.8% and 2.3% [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 06 2015U.S. Factory Sector Orders Remain Depressed; Order Backlogs Gain
New orders to all manufacturers fell 0.7% (-1.0% y/y) during November following an unrevised 0.7% easing in October. The decline was the fourth consecutive drop and roughly matched expectations in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 06 2015U.S. ISM Nonmanufacturing Index Reaches Nine-Year High in 2014 but Moves Lower at Yearend
Nonmanufacturing activity posted solid performance in 2014, as measured by the Institute for Supply Management's (ISM) composite nonmanufacturing index. It rose to 56.3 last year from 54.7 in 2013 and was at its highest point since [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 06 2015U.S. Energy Prices Continue Broad-Based Decline
Energy prices remained under pressure last week as they have since last Spring. Average gasoline prices declined another 9 cents in the week ended January 5 to $2.21 a gallon. Prices have fallen by one-third during the last year and [...]
by:Tom Moeller
|in:Economy in Brief
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