Retail and food service sales ticked 0.1% higher last month following a 1.5% March increase, revised from 1.1%. A 0.4% increase had been expected in the Action Economics Forecast Survey. Sales of motor vehicles & parts increased 0.6% [...]
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| May 13 2014U.S. Retail Sales Momentum is Lost
by:Tom Moeller
|in:Economy in Brief
- Global| May 12 2014
U.S. Budget Moves Into the Black for April
The Federal Government posted a $106.9 billion budget surplus during April of FY 2014. The latest figure compared to expectations for a $114.0 surplus in the Action Economics Forecast Survey. In the first seven months of this fiscal [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 09 2014
U.S. Wholesale Sales and Inventories Are Strong
Wholesale sales jumped 1.4% (6.5% y/y) during March following February's 0.9% gain, last month set at 0.8%. Nondurable goods sales increased 1.5% (7.9% y/y) as farm product sales surged 6.0% (-0.4% y/y). Grocery product sales also [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 09 2014
U.S. JOLTS: Job Openings Rate Slips
The Bureau of Labor Statistics reported in its Job Openings & Labor Turnover Survey (JOLTS) that the job openings rate edged down to 2.8% during March from an unrevised 2.9% in February. The job openings rate is the number of job [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 08 2014
U.S. Initial Unemployment Insurance Claims Decline Along With Jobless Rate
Initial claims for unemployment insurance fell to 319,000 (-3.9% y/y) in the week ended May 3 from 345,000 in the week ended April 26, revised from 344,000. Expectations had been for 328,000 claims in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 07 2014
U.S. Worker Productivity Declines; Output is Depressed
Nonfarm business sector productivity fell at a 1.7% annual rate (+1.4% y/y) during Q1'14 following 2.3% growth during Q4, revised from last month's estimate of a 1.8% rise. Real output growth of 0.3% (3.2% y/y) was accompanied by a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 07 2014
U.S. Consumer Credit Growth Remains Strong
The Federal Reserve Board reported that consumer credit outstanding increased $17.5 billion during March following a $13.0 billion February gain, last month reported as $16.5 billion. The increase outpaced expectations for a $15.0 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 07 2014
U.S. Mortgage Loan Applications Recover as Interest Rates Move Lower
The Mortgage Bankers Association reported that their total Mortgage Market Volume Index improved 5.3% last week (-62.9% y/y) but remained in the sideways pattern of the last month. Applications remained two-thirds below the peak in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 07 2014
U.S. Worker Productivity Declines; Output is Depressed
Worker productivity declined last quarter at the same time that adverse winter weather held down economic activity. Nonfarm business sector productivity fell at a 1.7% annual rate (+1.4% y/y) during Q1'14 following 2.3% growth during [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 06 2014
U.S. Chain Store Sales Retrace Earlier Gains
The International Council of Shopping Centers and Goldman Sachs reported that chain store sales declined 2.0% (2.0% y/y) last week, retracing two weeks of increase. The rise left sales up 2.0% versus last year. During the last ten [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 06 2014
U.S. Gasoline and Crude Oil Prices Backpedal
The price for a gallon of regular gasoline declined to $3.68 last week (+4.1% y/y. The drop reversed the prior week's rise but prices still were not far from the $3.78 per gallon peak reached in February of last year. To account for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 06 2014
U.S. Trade Deficit Improves Modestly
The U.S. foreign trade deficit during March matched expectations and narrowed to $40.4 billion versus a February shortfall of $41.9 billion, last month reported as $42.3 billion. The deficit's easing reflected a 2.1% increase (5.0% [...]
by:Tom Moeller
|in:Economy in Brief
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