The Federal Government reported a $121.7 billion budget deficit during October compared to a $90.6 billion during October of last year. For FY 2015, the Congressional Budget Office projects the budget deficit will total $469 billion [...]
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| Nov 13 2014U.S. Budget Deficit Jumps With More Spending
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 13 2014
U.S. JOLTS: Job Openings Rate Dips but Hiring Increases
The job openings rate during September dipped m/m to 3.3% from its eleven year high of 3.4%. 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 job openings. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 13 2014
U.S. Initial Claims for Unemployment Insurance Rebound
Initial claims for jobless insurance during the week ended November 8 increased to 290,000 (-15.2% y/y) after falling to an unrevised 278,000 during the prior week. The Action Economics Forecast Survey expected 280,000 claims in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 12 2014
U.S. Wholesale Inventory Growth Outpaces Sales
Inventories in the wholesale sector increased 0.3% (7.4% y/y) during September following a 0.6% August rise, revised from 0.7%. Durable goods inventories rose a stable 0.8% (9.0% y/y), paced by a 3.4% jump (11.1% y/y) in computers & [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 12 2014
U.S. Mortgage Loan Applications Move Slightly Lower
The Mortgage Bankers Association reported that their total Mortgage Market Volume Index fell 0.9% last week (-19.2% y/y), the third straight week of decline. Applications to refinance an existing loan fell 1.9% (-23.4% y/y), also the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 11 2014
U.S. Chain Store Sales Recover W/W
The International Council of Shopping Centers and Goldman Sachs reported that chain store sales improved 1.5% last week, but the gain only recovered the prior week's decline. Sales began this month roughly equal to October when [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 11 2014
U.S. Petroleum Prices Move Lower
The price of a gallon of regular gasoline fell to $2.94 per gallon last week (-7.9% y/y) from $2.99 during the prior week. The latest was its least expensive price since November 2010. To account for seasonal patterns, Haver Analytics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 11 2014
U.S. Small Business Optimism Meanders Near Recent High
The National Federation of Independent Business reported that its Small Business Optimism Index for October recovered to 96.1 following an unrevised decline to 95.3 during September. The latest level remained near highs of the last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 10 2014
FIBER: Industrial Commodity Prices Remain Soft
There hasn't been enough strength recently in the U.S. industrial sector to fully offset developing economic weakness in the rest of the world. As a result, prices for industrial materials remain under pressure. The industrial [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 07 2014
U.S. Consumer Credit Usage Remains Moderate
Consumer credit outstanding increased $15.9 billion during September following a $14.0 billion August advance, initially reported as $13.5 billion. Expectations were for a $15.5 billion increase, according to the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 07 2014
U.S. Payrolls Grow Moderately; Unemployment Rate Hits 2008 Low
Nonfarm payrolls grew 214,000 during October (1.9% y/y) following upwardly revised increases of 256,000 and 203,000 during the prior two months. The gain fell short of expectations for a 230,000 rise in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 07 2014
U.S. Payrolls Grow Moderately; Unemployment Rate Hits 2008 Low
Nonfarm payrolls grew 214,000 during October (1.9% y/y) following upwardly revised increases of 256,000 and 203,000 during the prior two months. The gain fell short of expectations for a 230,000 rise in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
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