Inventories at the wholesale level fell 0.2% (+2.9% y/y) during June following a revised 0.6% drop in May, initially reported as -0.5%. A 0.3% decline (+0.7 y/ in inventories of nondurable goods led June's shortfall. Farm product [...]
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| Aug 09 2013U.S. Wholesale Inventories Continue To Decline
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 08 2013
U.S. Mortgage Delinquency Rates Continue To Fall
An improved job market and lower interest rates are helping home buyers service mortgage debt. The share of home mortgages that are notably delinquent fell to 5.88% during Q2'13. That's down from 7.31% one year earlier and below the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 08 2013
U.S. Initial Claims for Jobless Insurance Tick Higher W/W; Remain Near Lowest Since 2007
Initial claims for unemployment insurance rose slightly to 333,000 (-9.5% y/y) during the week ended August 3 from 328,000 in the prior week, initially reported as 326,000. The latest figures remained the lowest since early-November [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 07 2013
U.S. Consumer Credit Usage Continues Firm
Improved labor markets are supporting confidence; thus the consumer is ramping up credit usage. During June, consumer credit outstanding grew $13.8B following a $17.5B May increase, revised from $19.6B. The y/y increase was stable at [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 07 2013
U.S. Home Mortgage Applications and Interest Rates Are Stable
The Mortgage Bankers Association reported that total applications for a home mortgage were fairly stable last week. The total market index ticked up 0.2% (-46.75 y/y) but that was set against a decline since early-May of 47.6%. Home [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 06 2013
U.S. Gasoline Prices Meander Sideways
The price for a gallon of regular gasoline slipped 2 cents to $3.63 last week (-0.4% y/y). Nevertheless, it remained near the highest price since early-April. Prices remained down from the $3.78 per gallon peak reached late in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 06 2013
U.S. JOLTS: Job Openings Rate Remains Unchanged
The Bureau of Labor Statistics reported in its June Job Openings & Labor Turnover Survey (JOLTS) that the job openings rate remained steady m/m at 2.8% in June. May was revised up from 2.7%. The trend, however, has been sharply [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 06 2013
U.S. Trade Deficit Narrows Sharply As Exports Jump and Imports Slide
The U.S. foreign trade deficit fell sharply during June to its shallowest level since October 2009. The $34.3 billion deficit compared to a revised $44.1 billion in May, initially reported as $45.0 billion. A $43.5 billion deficit had [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 01 2013
U.S. Vehicle Sales Remain Firm
Sales of light vehicles remain on a firm footing. Unit sales of light motor vehicles slipped 1.8% during July versus June to 15.67 million (SAAR) according to the Autodata Corporation. Despite the dip, sales remained up 11.2% from [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 01 2013
U.S. Construction Spending Backpedals
The value of construction put-in-place declined 0.6% (+3.3% y/y) during June after a revised 1.3% May jump, initially reported as 0.5%. April's increase also was revised up to 1.1% from 0.1%. A 0.3% rise in activity had been expected. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 01 2013
Challenger Job Cuts Decline M/M
The outplacement firm of Challenger, Gray & Christmas reported that 37,701 job cuts (2.3% y/y) were announced during July, down from 39,372 during June. This latest level remained near the low end of the range in place since last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 01 2013
U.S. ISM Factory Sector Index Reaches Highest Level in More Than Two Years
Factory sector business heated up last month. The Composite Index of Manufacturing Sector Activity from the Institute for Supply Management jumped to 55.4 during July from an unrevised 50.9 in June. The figure was its highest level [...]
by:Tom Moeller
|in:Economy in Brief
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