New orders for durable goods strengthened by 3.7% last month (7.4% y/y) following a little-revised 0.2% August uptick. The latest figure was double expectations in the Action Economics Forecast Survey. Orders for nondefense aircraft & [...]
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| Oct 25 2013
U.S. Durable Goods Orders Surge As Aircraft Bookings Jump
by:Tom Moeller
|in:Economy in Brief
Global| Oct 24 2013
U.S. JOLTS: Job Openings Rate Returns to Earlier High
The Bureau of Labor Statistics reported in its August Job Openings & Labor Turnover Survey (JOLTS) that the job openings rate rose to 2.8%, up from July but about where it's been all year. The job openings rate is the number of job [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 24 2013
U.S. Initial Claims for Jobless Insurance Dip, Though Remain Elevated
The status of the job market remains unclear. Initial claims for unemployment insurance fell to 350,000 (-5.9% y/y) during the week ended October 19 from 362,000 during the prior week, initially reported as 358,000. In coming weeks, [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 24 2013
U.S. Trade Deficit Remains Fairly Constant
The U.S. foreign trade deficit totaled $38.8 billion in August compared to a revised $38.6 billion during July, initially reported as $39.1 billion. A $39.3 billion deficit had been expected in the Action Economics survey. Exports [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 23 2013
FHFA Home Price Index Rate of Increase Eases
Home prices continue moving higher, although the rate of gain slipped this summer. The U.S. House Price Index from the Federal Housing and Finance Agency (FHFA) rose 0.3% during August following a 0.8% July increase. The increase was [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 23 2013
U.S. Mortgage Applications Move Lower
The Mortgage Bankers Association reported that their total mortgage market index slipped 0.6% last week but plummeted 46.4% year-to-year. Home purchase mortgage applications ticked up 0.7% last week (-2.1% y/y) but remained 18.3% [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 23 2013
U.S. Construction Spending Continues to Strengthen
The value of construction put-in-place gained 0.6% in August (7.1 y/y) following an upwardly revised 1.4% July jump, double the rise reported initially. A 0.5% rise in building activity had been expected. Private sector construction [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 23 2013
U.S. Import Price Inflation Remains Steady
Import prices matched expectations and increased 0.2% last month (-1.0% y/y), the same as during August. A 0.8% increase (-0.4% y/y) in petroleum prices was accompanied by no change (-1.0% y/y) in nonpetroleum costs. September's [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 22 2013
U.S. Energy Prices Remain Under Pressure
The price for a gallon of regular gasoline rose a penny last week to $3.36 (-8.9% y/y). Prices have been relatively stable for three weeks at their lowest level since the end of January, but that's down from the $3.78 per gallon peak [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 22 2013
U.S. Hiring Continues at a Moderate Rate; Jobless Rate Falls
In the report on September labor market conditions, delayed by the federal government shutdown, nonfarm payrolls rose 148,000 (1.7% y/y) during September following revised increases of 193,000 and 89,000 in the prior two months, [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 21 2013
U.S. Existing Home Sales and Prices Move Lower
Sales of existing homes declined 1.9% (+10.7% y/y) last month to 5.290 million (AR). The drop followed no-change during August revised from a 1.7% rise, according to the National Association of Realtors. Consensus expectations had [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 17 2013
Philadelphia Fed Business Conditions Index Dips M/M but Retains Strength
The Philadelphia Federal Reserve Bank reported that its General Business Conditions Index for October retreated to 19.8 from 22.3 in September. Nevertheless, the figure remained near the highest level since March 2011 and was firmer [...]
by:Tom Moeller
|in:Economy in Brief
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