The Mortgage Bankers Association reported that their total Mortgage Market Volume Index increased 10.3% last week (-42.3% y/y) following two weeks of decline. Nevertheless, applications remained two-thirds below the peak in September [...]
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| Jun 11 2014U.S. Mortgage Loan Applications Bounce Back; Interest Rates Creep Higher
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 10 2014
U.S. Wholesale Sales and Inventories Continue to Rise
Wholesale sales increased 1.3% (7.8% y/y) during April following March's 1.6% gain, last month set at 1.4%. Durable goods sales gained 1.7% (6.0% y/y) led by a 3.1% jump (6.3% y/y) in furniture sales. Motor vehicle & parts sales [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 10 2014
U.S. JOLTS: Job Openings Rate Increases to Highest Level Since 2007
Further indication of labor market improvement came today. The Bureau of Labor Statistics reported in its Job Openings & Labor Turnover Survey (JOLTS) that the job openings rate increased to 3.1% during April from a revised 2.9% in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 10 2014
U.S. Energy Prices Continue to Meander Sideways
The price for a gallon of regular gasoline slipped to $3.67 last week (0.5% y/y) versus $3.69 to begin the month of June. The price has been near the current level since April and remained down from the $3.78 per gallon peak reached [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 10 2014
U.S. Small Business Optimism Improves Further
The National Federation of Independent Business reported that its Small Business Optimism Index gained to 96.6 during May after improvement to 95.2 in April. The latest level was its highest since September 2007, just before the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 09 2014
NABE Forecast of Improving Economic Growth is Little-Changed
The National Association for Business Economics has released new forecasts for U.S. real economic activity. Expectations for 3.1% real GDP growth in 2015 following a 2.5% advance this year are unchanged. Quarterly growth is expected [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 06 2014
U.S. Consumer Credit Growth Accelerates
Individuals' credit usage has picked up with confidence in the staying power of the economic expansion. The Federal Reserve Board reported that consumer credit outstanding increased $26.8 billion during April following a $19.5 billion [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 06 2014
U.S. Payroll Increase Moderates; Jobless Rate is Stable at Six-Year Low
Nonfarm payrolls increased 217,000 during May following little-revised gains of 282,000 and 203,000 during the prior two months. A 220,000 increase had been expected in the Action Economics Forecast Survey. The unemployment rate [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 06 2014
U.S. Payroll Increase Moderates; Jobless Rate is Stable at Six-Year Low
Nonfarm payrolls increased 217,000 during May following little-revised gains of 282,000 and 203,000 during the prior two months. A 220,000 increase had been expected in the Action Economics Forecast Survey. The unemployment rate [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 05 2014
U.S. Challenger Job Cut Announcements Again Increase
The outplacement firm of Challenger, Gray & Christmas reported that job cut announcements rose to 52,961 (45.5% y/y) during May, the highest level since February 2013. Layoffs increased m/m in the chemical, computer, commodities, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 05 2014
U.S. Initial Unemployment Insurance Claims Are Near 2007 Low
Initial claims for jobless insurance nudged up to an expected 312,000 in the week ended May 31 from 304,000 in the prior week, revised from 300,000. Despite the rise, claims remained near the 2007 low. The four-week moving average of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 04 2014
U.S. ISM Nonmanufacturing Index Works Higher
The Composite Index for the service and construction sectors from the Institute for Supply Management (ISM) improved to 56.3 in May, its highest level in nine months. The latest figure beat expectations for 55.5 in the Action [...]
by:Tom Moeller
|in:Economy in Brief
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