The Federal Government posted a $36.9 billion budget deficit during March of FY 2014. The latest deficit was shallower than the Action Economics Forecast Survey expectation of an $80.0 billion deficit. In the first half of this fiscal [...]
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| Apr 10 2014U.S. Budget Deficit Continues On A Downward Trajectory
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 10 2014
U.S. Import Prices Increase As Nonoil Prices Gain Strength
Import prices increased 0.6% (-0.6% y/y) during March following an unrevised 0.9% February rise. A 0.2% rise had been expected in the Action Economics survey. A 0.6% improvement (0.1% y/y) in nonpetroleum prices led the pricing [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 10 2014
U.S. Initial Unemployment Insurance Claims Fall to Lowest Level Since 2007
The recovery in the labor market reached a milestone as initial claims for jobless insurance fell to 300,000 last week, the lowest level since May 2007. The decline was from 332,000 during the week of March 29, revised from 326,000. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 10 2014
U.S. Initial Claims for Jobless Insurance Move Higher
Initial claims for unemployment insurance rebounded to 326,000 during the week ended March 29 from a little-revised 310,000 in the prior week. Expectations had been for 317,000 claims in the Action Economics Forecast Survey. The four- [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 09 2014
U.S. Wholesale Inventory Accumulation Continues To Firm
Inventories at the wholesale level increased 0.5% (4.7% y/y) during February following a 0.8% January jump. The strength owed to a 0.7% rise (5.9% y/y) in the durable goods sector. That was driven by a 2.2% jump (5.6% y/y) in computer [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 09 2014
U.S. Mortgage Loan Applications Decline With Fewer Refinancings
The Mortgage Bankers Association reported that their total Mortgage Market Volume Index fell 1.6% last week (-57.5% y/y) following an unrevised 1.2% drop during the prior week. Applications were roughly two-thirds below the peak in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 08 2014
U.S. JOLTS: Job Openings Rate Perks Up
The Bureau of Labor Statistics reported in its Job Openings & Labor Turnover Survey (JOLTS) that the job openings rate improved to 2.9% during February versus a downwardly revised 2.7% in January. The latest level reached the high for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 08 2014
U.S. Gasoline Prices Rise Again
The price for a gallon of regular gasoline increased to $3.60 (-0.3% y/y) last week and was at the highest level since early September. Prices remained below the $3.78 per gallon peak reached in February of last year. Haver Analytics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 08 2014
U.S. Small Businesses Optimism Is Driven Higher by Improved Sales Expectations and Low Inventories
The National Federation of Independent Business reported that its Small Business Optimism Index recovered to 93.4 during March and made up most of its February decline to 91.4. Despite the latest increase, small business optimism did [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 07 2014
U.S. Long-Term Unemployment Shows An Out-Sized Decline
Friday's report on U.S. labor market conditions showed a pickup in payroll employment growth and a stable, but low unemployment rate. Within the detail behind these observations was another sign of job market improvement: the ranks of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 07 2014
U.S. Long-Term Unemployment Shows An Out-Sized Decline
Friday's report on U.S. labor market conditions showed a pickup in payroll employment growth and a stable, but low unemployment rate. Within the detail behind these observations was another sign of job market improvement: the ranks of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 07 2014
U.S. Consumer Credit Growth Rebounds
The Federal Reserve Board reported that consumer credit outstanding increased $16.5 billion during February following an unrevised $13.8 billion January rise. The increase outpaced expectations for a $14.0 billion rise, according to [...]
by:Tom Moeller
|in:Economy in Brief
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