Import prices were unchanged last month (-1.3% y/y) following sharp declines during the prior two months. A 0.3% increase had been expected in the Action Economics survey. For all of last year, import prices fell 1.1%, the first [...]
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| Jan 14 2014U.S. Import Prices Remain Unchanged M/M But Decline For All of 2013
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 14 2014
U.S. Small Businesses Optimism Recovers
The National Federation of Independent Business reported that its Small Business Optimism Index improved to 93.9 during December and returned to its September level. The latest figure remained down sharply, however, from the May high [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 14 2014
U.S. Retail Sales Post Moderate Year-End Increase
Retail spending increased 0.2% (4.1% y/y) during December after a 0.4% November gain, revised down from 0.7%. The latest increase matched expectations in the Action Economics survey. For all of last year retail sales increased 4.3%, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 13 2014
U.S. Year-to-Date Budget Deficit Is Smallest Since 2007
The Federal Government ran a $53.2 billion budget surplus during December of FY 2014. The latest figure compares to the Action Economics Forecast Survey expectation of a $44.0 billion surplus. In the first three months of this fiscal [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 10 2014
U.S. Payroll Employment Gain Disappoints; Jobless Rate Falls to Lowest Since 2008
Weather may have been a factor, but nonfarm payroll employment growth of 74,000 (1.6% y/y) during December was well short of gains of 241,000 and 200,000 during the prior two months. The rise disappointed consensus expectations for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 10 2014
U.S. Payroll Employment Gain Disappoints; Jobless Rate Falls to Lowest Since 2008
Weather may have been a factor, but nonfarm payroll employment growth of 74,000 (1.6% y/y) during December was well short of gains of 241,000 and 200,000 during the prior two months. The rise disappointed consensus expectations for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 09 2014
Challenger Job Cut Announcements Decline to Lowest Level Since 2000
The outplacement firm of Challenger, Gray & Christmas reported that job cut announcements fell to 30,623 (-5.9% y/y) during December. It was the lowest level since June 2000. Layoffs fell m/m the retail, transportation, food, energy, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 09 2014
U.S. Initial Claims for Jobless Insurance Decline Again
Initial claims for unemployment insurance slipped to 330,000 during the week ended January 4 from 345,000 in the prior week, revised from 339,000. It was the lowest level since the last week of November. Expectations had been for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 08 2014
U.S. Consumer Credit Growth Eases
The Federal Reserve Board reported that consumer credit outstanding increased by $12.3 billion (6.1% y/y) during November following an unrevised $18.2 billion October gain. Expectations had been for a $14.5 billion increase, according [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 08 2014
U.S. Mortgage Loan Applications Rise With Higher Interest Rates
The Mortgage Bankers Association reported that their total mortgage market index improved 2.6% last week (-52.5% y/y) but remained near the lowest level since late-2000. Applications to refinance existing loans gained 4.6% last week [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 08 2014
U.S. ADP Jobs Survey Continues to Strengthen
Job creation in the U.S. is building up a head of steam. The ADP/Moody's National Employment Report indicated a 238,000 rise (1.9% y/y) in nonfarm private sector jobs during December, the firmest increase since November 2012. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 07 2014
U.S. Chain Store Sales Retrace Gains
The International Council of Shopping Centers and Goldman Sachs reported that chain store sales were off 5.4% last week (1.7% y/y). The decline followed a 2.5% rise during all of December after a 1.1% November increase. During the [...]
by:Tom Moeller
|in:Economy in Brief
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