The Bureau of Labor Statistics reported in its Job Openings & Labor Turnover Survey (JOLTS) that the November job openings rate held m/m at 2.8%. That nevertheless was up from 2.7% twelve months earlier The job openings rate is the [...]
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 17 2014U.S. JOLTS: Job Openings Rate Is Unchanged But Hires Improve
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 17 2014
U.S. Industrial Production Growth Moderates
Industrial production turned in a 2.6% increase in 2013, the slowest gain of the economic recovery. During December the expansion continued as output gained 0.3% (3.7% y/y) following a little-revised November increase of 1.1%. Growth [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 17 2014
U.S. Housing Starts In 2013 Are Highest Since 2007
It was a good year for new home builders in 2013. Housing starts of 928,000 were up 18.4% versus 2012 following that year's 28.0% rise. It was the highest level of starts since 2007. During December, however, starts backpedaled 9.8% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 16 2014
U.S. Home Builders Index Dips But Traffic Falls Sharply
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo slipped a point to 56 this month but the figure remained near the expansion high. The December figure was revised to 57 from 58 and the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 16 2014
ISM-Adjusted Philly Fed Business Conditions Index Declines
The Philadelphia Federal Reserve Bank reported that its General Business Conditions Index for January rose slightly to 9.4 from 6.4 in December. Nevertheless, it remained down sharply from the September high. The latest figure roughly [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 16 2014
U.S. Initial Unemployment Insurance Claims Continue Lower
Initial claims for unemployment insurance slipped to 326,000 during the week ended January 11 from 328,000 in the prior week, revised from 330,000. It was the lowest level since late-November. Expectations had been for 328,000 claims [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 16 2014
U.S. Consumer Price Increase Is Weakest Since 2009
Consumer prices during all of 2013 increased 1.5%. The gain followed a 2.1% rise in 2012 and was half the 2011 increase. Price inflation ended 2013 on a firmer note, however, as December's 0.3% rise (1.5% y/y) was the strongest in six [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 15 2014
U.S. Mortgage Loan Applications Rise As Interest Rates Slip
The Mortgage Bankers Association reported that their total mortgage market index rose 11.9% last week (-53.8% y/y) but remained near the lowest level since late-2000. Applications to purchase a home rose 11.5% (-8.5% y/y) while [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 15 2014
Empire State Factory Index Rebounds To Highest Level Since 2012
The Federal Reserve Bank of New York indicated that its Empire State Factory Index of General Business Conditions for January rose sharply to 12.51 from a revised December reading of 2.22. The figure was at its highest level since May [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 15 2014
U.S. Producer Price Index Rebounds
Price inflation recovered at the end of last year. The Producer Price Index for finished goods increased 0.4% (1.2% y/y) following unrevised declines of 0.1% and 0.2% during the prior two months. The latest gain matched expectations [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 14 2014
U.S. Business Inventories Increase Slows
Total business inventories increased 0.4% in November (4.0% y/y), the slowest increase in three months. This inventory rise accompanied a 0.8% jump (4.0% y/y) in business sales after October's 0.5% increase. As a result, the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 14 2014
U.S. Import Prices Remain Unchanged M/M But Decline For All of 2013
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 [...]
by:Tom Moeller
|in:Economy in Brief
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