The Federal Reserve Board reported that consumer credit outstanding increased $13.7 billion (5.8% y/y) during January following a $15.9 billion December gain, revised from $18.8 billion. The increase roughly matched expectations for a [...]
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| Mar 07 2014U.S. Consumer Credit Growth Remains Firm
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 07 2014
U.S. Trade Deficit Holds Steady
The U.S. foreign trade deficit remained at $39.1 billion in January versus December's $39.0 billion, last month reported as $38.7 billion. A $38.5 billion deficit had been expected in the Action Economics Forecast Survey. Both exports [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 07 2014
U.S. Payroll Employment and Earnings Improve; Jobless Rate Ticks Higher
Nonfarm payrolls grew 175,000 during February following a 129,000 January increase, initially reported as 113,000. The rise outpaced expectations for a 145,000 increase in the Action Economics Forecast Survey. The unemployment rate [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 07 2014
U.S. Payroll Employment and Earnings Improve; Jobless Rate Ticks Higher
Nonfarm payrolls grew 175,000 during February following a 129,000 January increase, initially reported as 113,000. The rise outpaced expectations for a 145,000 increase in the Action Economics Forecast Survey. The unemployment rate [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 06 2014
U.S. Worker Productivity Growth Is Revised Lower
Nonfarm business sector productivity improved 1.8% last quarter (1.3% y/y), revised down from last month's estimate of 3.2% growth. That followed a little-revised Q3 increase of 3.5%. The gain fell short of expectations for a 2.5% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 06 2014
U.S. Factory Orders Move Lower as Inventories Rise
Orders to all manufacturers fell 0.7% (+2.0% y/y) during January following a 2.0% December decline, revised from -1.5%. Consensus expectations had been for a 0.3% slip. Last month's decline reflected an unrevised 1.0% drop (+4.6% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 06 2014
Challenger Job Cut Announcements Slip While Hiring Plans Improve
The outplacement firm of Challenger, Gray & Christmas reported that job cut announcements edged down slightly to 41,835 (-24.4% y/y) during February but only dented the prior month's jump. Layoffs declined m/m in the retail, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 06 2014
U.S. Initial Claims for Jobless Insurance Move Lower
The labor market continues to show erratic improvement. Initial claims for unemployment insurance fell to 323,000 in the week ended March 1 from 349,000 in the prior week, initially reported as 348,000. The latest level was the lowest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 05 2014
U.S. ADP Job Growth is Constrained
The ADP/Moody's National Employment Report indicated a 139,000 rise (1.9% y/y) in nonfarm private sector jobs during February. Expectations were for a 157,000 gain in the Action Economics Forecast Survey. Last month's rise followed [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 05 2014
U.S. ISM Nonmanufacturing Index Drops to Four Year Low
The Composite Index for the service and construction sectors from the Institute for Supply Management (ISM) plunged last month to 51.6, the lowest reading since February 2010. The latest figure fell short of expectations for 53.2 in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 05 2014
U.S. Mortgage Loan Applications Stabilize
The Mortgage Bankers Association indicated that their total mortgage market index increased 9.4% last week (-55.9% y/y) following three successive weeks of sharp decline. Applications to purchase a home rebounded 9.4% (-19.1% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 05 2014
U.S. ADP Job Growth is Constrained By Bad Weather
The ADP/Moody's National Employment Report indicated a 139,000 rise (1.9% y/y) in nonfarm private sector jobs during February. Expectations were for a 157,000 gain in the Action Economics Forecast Survey. Last month's rise followed [...]
by:Tom Moeller
|in:Economy in Brief
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