The price for a gallon of regular gasoline edged two cents lower to $3.68 last week (+5.3% y/y). Prices remained lower than the $3.78 per gallon peak reached in February of last year. To account for seasonal volatility, Haver [...]
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 08 2014U.S. Gasoline, Crude Oil and Natural Gas Prices Decline
by:Tom Moeller
|in:Economy in Brief
The Bureau of Labor Statistics reported in its Job Openings & Labor Turnover Survey (JOLTS) that the job openings rate increased to 3.2% during May from an unrevised 3.1% in April. The latest level was the highest since September [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 08 2014
U.S. Small Business Optimism Backpedals; Pricing is Firmer
The National Federation of Independent Business reported that its Small Business Optimism Index slipped to 95.0 during June after improvement to 96.6 in May. The latest level remained near its highest since September 2007, just before [...]
by:Tom Moeller
|in:Economy in Brief
The overall civilian unemployment rate fell sharply to 6.1% in June, down from the high of 9.6% reached during all of 2010. Improvement extends across all age brackets, though the young continue to realize relatively high rates of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 03 2014
U.S. Initial Claims for Jobless Insurance Nudge Higher
Initial unemployment insurance claims rose to 315,000 during the week ended June 28 from 313,000 in the prior week, revised from 312,000. The latest claims level matched expectations in the Action Economics Forecast Survey and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 03 2014
U.S. ISM Nonmanufacturing Index Slips
The Composite Index for the service and construction sectors from the Institute for Supply Management (ISM) edged lower to 56.0 in June but remained near its highest level in ten months. The latest figure matched expectations in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 03 2014
U.S. Payroll Employment Growth Improves; Jobless Rate Falls Further
The labor market is on a firmer footing. Nonfarm payrolls increased 288,000 during June following upwardly-revised gains of 224,000 and 304,000 during the prior two months. The increase easily outpaced expectations for a 215,000 rise [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 03 2014
U.S. Payroll Employment Growth Improves; Jobless Rate Falls Further
The labor market is on a firmer footing. Nonfarm payrolls increased 288,000 during June following upwardly-revised gains of 224,000 and 304,000 during the prior two months. The increase easily outpaced expectations for a 215,000 rise [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 02 2014
U.S. Factory Sector Orders Pull Back but Inventories Continue to Increase
New orders to all manufacturers declined 0.5% (+2.4% y/y) in May following a 0.8% increase during April, revised from 0.7%. A 0.3% decline was expected in the Action Economics Forecast Survey. A 0.9% decline (+2.9% y/y) in durable [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 02 2014
U.S. Mortgage Loan Applications and Interest Rates Move Lower
The Mortgage Bankers Association reported that their total Mortgage Market Volume Index edged 0.2% lower last week (-37.5% y/y) and added to declines during the prior two weeks. Applications remained two-thirds below the peak in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 02 2014
U.S. ADP Employment Gain is Strongest Since 2012
Employment growth picked up steam last month. The ADP/Moody's National Employment Report indicated a 281,000 rise (2.1% y/y) in June nonfarm private sector jobs. It was the firmest rise since November 2012 and followed unrevised [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 02 2014
U.S. ADP Employment Gain is Strongest Since 2012
Employment growth picked up steam last month. The ADP/Moody's National Employment Report indicated a 281,000 rise (2.1% y/y) in June nonfarm private sector jobs. It was the firmest rise since November 2012 and followed unrevised [...]
by:Tom Moeller
|in:Economy in Brief
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