Labor market improvement is continuing. Initial claims for unemployment insurance fell to 324,000 (-12.7% y/y) during the week ended April 27 from a revised 342,000 during the prior week, initially reported as 339,000. Consensus [...]
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| May 02 2013
U.S. Initial Claims for Unemployment Insurance Fall Sharply to New Low
by:Tom Moeller
|in:Economy in Brief
Global| May 01 2013
U.S. Vehicle Sales Move Lower
After several months at the highs for the economic recovery, U.S. vehicle sales have begun to decline. Unit sales of light motor vehicles during April fell 2.3% m/m (+5.7% y/y) to 14.92M (SAAR) according to the Autodata Corporation. [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 01 2013
FOMC Leaves Fed Funds, Growth and Inflation Outlook Unchanged
As expected, the Federal Open Market Committee today left the Federal funds rate in a "range from 0 to 1/4 percent". The Fed funds rate has remained unchanged since late-2008 at its lowest level ever. The discount rate also was left [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 01 2013
U.S. Construction Spending Reverses Earlier Rebound
Reversals and revisions can change the picture of an economic series. Such was the case with the latest construction put in place numbers. Building activity fell 1.7% (+4.8% y/y) in March and reversed a 1.5% February rise. Moreover, [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 01 2013
U.S. ISM Composite Factory Sector Index & Prices Weaken Further
The factory sector continues to shed its past strength. The April composite index of manufacturing activity from the Institute for Supply Management slipped to 50.7 from an unrevised 51.3 in March. The figure slightly disappointed [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 01 2013
U.S. ADP Jobs Survey Shows Greatly Reduced Hiring
The labor market is losing forward momentum. That's the indication from the ADP/Moody's National Employment Report which showed a 119,000 rise (1.6% y/y) in non-farm private sector jobs last month. That followed downwardly revised [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 30 2013
U.S. Gasoline and Natural Gas Prices Slip
The price of regular gasoline inched down last week at $3.52 per gallon (-8.1% y/y). That followed two months of decline from a $3.78 per gallon peak. The norm for this time of year, as driving picks up seasonally, is for prices to [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 30 2013
U.S. Consumer Confidence Amongst Young Individuals Improves
There's been a recent turnaround in overall consumer confidence led by those under 35 years of age. The Conference Board's April Consumer Confidence Index rose to 68.1 and reversed its March decline to an upwardly revised 61.9. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 30 2013
U.S. Employment Cost Index Moderates
The employment cost index for private industry workers rose 0.3% (1.7% y/y) in Q1'13 versus a downwardly revised 0.4% increase in Q4. The rise compared to expectations for a 0.5% gain as compiled by Bloomberg. The latest y/y increase [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 30 2013
U.S. Case-Shiller Home Price Index Posts Stronger Increase
Home prices are generating improved upward momentum throughout the country. The seasonally adjusted Case-Shiller 20 City Home Price Index increased 1.2% (9.4% y/y) during February and built on a 1.0% January rise. The 3-month [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 29 2013
U.S. Pending Home Sales Reach a New High
According to the National Association of Realtors (NAR),pending sales of single-family homes during March rose 1.5% (7.0% y/y) after a 1.0% February decline, revised from -0.4%. The latest level was the highest since April 2010. The [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 29 2013
U.S. Personal Income & Spending Nudge Higher
Personal income inched up 0.2% during March (2.5% y/y) following an unrevised 1.1% advance during February. The rise fell short of consensus expectations for a 0.4% increase. Rental income again advanced 1.9% (12.8% y/y) and [...]
by:Tom Moeller
|in:Economy in Brief
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