Improvement in the labor market may have picked up steam this month. Initial unemployment insurance claims fell unexpectedly to 284,000 during the week ended July 19 from a revised 303,000 in the prior week, earlier reported as [...]
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| Jul 24 2014U.S. Initial Claims for Unemployment Insurance Fall to Eight-Year Low
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 23 2014
U.S. Mortgage Loan Applications Continue In Sideways Trend
The Mortgage Bankers Association reported that their total Mortgage Market Volume Index improved 2.4% last week (-31.9% y/y), making up roughly half of the prior week's decline. Applications remained two-thirds below the peak in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 22 2014
U.S. Energy Prices Move Lower
The price for a gallon of regular gasoline declined five cents to $3.59 last week (-2.4% y/y). Prices remained lower than the $3.78 per gallon peak reached in February of last year. To account for seasonal volatility, Haver Analytics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 22 2014
U.S. FHFA Home Price Index Growth Decelerates
The U.S. House Price Index from the Federal Housing and Finance Agency (FHFA) improved 0.4% during May. The year-to-year growth rate fell to 5.5% from an 8.5% peak in July of last year. During the last twelve months, prices remained [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 22 2014
U.S. Existing Home Sales Increase for Third Straight Month and Raise Prices
Sales of existing single-family homes increased 2.6% (-2.3% y/y) to 5.040 million (AR) during June from 4.910 million in May, last month reported as 4.890 million. Sales, nevertheless, remained 6.3% below the peak reached last July. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 22 2014
U.S. Consumer Prices Moderate; Services Price Pressures Ease
Consumer prices gained 0.3% (2.1% y/y) during June following a strong 0.4% May rise. The reading matched consensus expectations in the Action Economics Forecast Survey. Consumer prices excluding food and energy ticked 0.1% higher [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 21 2014
Business Economist Survey Indicates Widespread Improvement in Business Conditions
The National Association for Business Economics regularly surveys its members regarding industry conditions, covering a wide range of topics. The latest survey indicated improvement in most categories or a return to conditions in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 21 2014
Chicago Fed National Activity Index Suggests A Little Less Growth
The Chicago Federal Reserve reported that its National Activity Index (CFNAI) for June slipped to 0.12 versus 0.16 in May, revised from 0.21. The three-month moving average fell to 0.13, the weakest reading since March. During the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 18 2014
U.S. State Unemployment Rates Move Lower, Some Sharply
The overall U.S. unemployment rate fell sharply last month to 6.1%, a six-year low, from 10.0% at its late-2009 peak. There continues to be great variation amongst individual states, but a declining trend is evident most everywhere. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 18 2014
U.S. Leading Economic Indicators Point Toward Continued Growth
The Index of Leading Economic Indicators, from the Conference Board, improved 0.3% during June (6.3% y/y), the fifth straight month of firm increase. The June gain fell short of expectations for a 0.5% increase in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 17 2014
Philadelphia Fed Business Conditions Index Improves to Three-Year High
The Philadelphia Federal Reserve Bank reported that its General Business Conditions Index for July jumped to 23.9 from 17.8 in June. The figure was the highest since March 2011 and it beat consensus expectations for a decline to 16.0, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 17 2014
U.S. Initial Claims for Unemployment Insurance Decline To Nine-Week Low
Initial unemployment insurance claims declined unexpectedly to 302,000 in the week ended July 12 from a revised 305,000 in the prior week, earlier reported as 304,000. The latest claims level was the lowest since early-May and [...]
by:Tom Moeller
|in:Economy in Brief
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