Initial claims for jobless insurance fell to 339,000 (-24.8% y/y) during the week ended November 9 from the previous week's 341,000, revised up from 336,000. Expectations had been for 330,000 claims. The four-week moving average of [...]
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| Nov 14 2013U.S. Initial Claims for Unemployment Insurance Fall Again
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 14 2013
U.S. Trade Deficit Deepens; Shortfall with China Sets Record
The U.S. foreign trade deficit increased sharply to $41.8 billion in September compared to a little-revised $38.7 billion during August. The latest figure was the deepest since May. A $39.0 billion deficit had been expected in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 13 2013
U.S. Budget Deficit Shrinks; Revenues Jump and Spending Falls
The Federal Government ran a $91.6 billion budget deficit during October of FY 2014. During October of last year the government ran a $120.0 billion deficit. The latest figure compared to the Action Economics Forecast Survey [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 13 2013
U.S. Mortgage Loan Applications Retreat as Interest Rates Tick Higher
The Mortgage Bankers Association reported that their total mortgage market index fell 1.8% last week (-46.6% y/y). Applications to refinance existing loans were off 2.3% and remained down by roughly one-half versus November 2012. Home [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 13 2013
U.S. Energy Prices Are Under Pressure
Filling up at the gas pump has become less of a traumatic event. The price for a gallon of regular gasoline fell 8 cents last week to $3.19 (-7.4% y/y), the lowest level since February 2011. They're down from the $3.78 per gallon peak [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 13 2013
U.S. Energy Prices Are Under Pressure
Filling up at the gas pump has become less of a traumatic event. The price for a gallon of regular gasoline fell 8 cents last week to $3.19 (-7.4% y/y), the lowest level since February 2011. They're down from the $3.78 per gallon peak [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 12 2013
U.S. Chicago Fed National Activity Index Holds in Positive Territory
The Chicago Federal Reserve reported that its National Activity Index (CFNAI) improved again. The September reading of 0.14, after 0.13 in August, was the second positive figure following five consecutive negative readings. As a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 12 2013
U.S. Small Businesses Develop a Less Optimistic Economic Assessment
The National Federation of Independent Business reported that its Small Business Optimism Index fell to 91.6 last month. The sharp decline from an unrevised 93.9 in September was to its lowest level since March. The percentage of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 08 2013
U.S. Payroll Job Gain Is Unexpectedly Strong; Jobless Rate Notches Up
The job market posted surprising growth last month. Nonfarm payrolls increased 204,000 (1.7% y/y) during October following upwardly revised gains of 163,000 and 238,000 during the prior two months. A 122,000 gain had been expected [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 08 2013
U.S. Personal Income Increase Remains Firm
Personal income in September increased 0.5% (3.7% y/y) following a 0.5% August rise. The gain beat expectations for a 0.3% increase. It reflected outsized increases of 1.9% (12.2% y/y) in proprietors income and 1.1% (10.3% y/y) in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 08 2013
U.S. Consumer Sentiment Continues To Fall
Consumer sentiment, as measured in the Reuters/University of Michigan survey, fell in early-November to a reading of 72.0 (-12.9% y/y). That compares to 73.2 last month and the June high of 85.1. This latest level was the lowest since [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 08 2013
U.S. Payroll Job Gain Is Unexpectedly Strong; Jobless Rate Notches Up
The job market posted surprising growth last month. Nonfarm payrolls increased 204,000 (1.7% y/y) during October following upwardly revised gains of 163,000 and 238,000 during the prior two months. A 122,000 gain had been expected [...]
by:Tom Moeller
|in:Economy in Brief
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