The Federal Government budget deficit narrowed sharply to $105.5B during March of FY'13 versus a deficit of $198.2B one year earlier. The figure roughly matched expectations. So far this fiscal year the deficit has totaled $600.5B, [...]
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| Apr 11 2013
U.S. Budget Deficit Improves Significantly
by:Tom Moeller
|in:Economy in Brief
Global| Apr 11 2013
U.S. Import Prices Retreat With Broad-based Declines
Prices in the U.S. foreign trade sector weakened last month and reversed earlier strength. Import prices fell 0.5% (-2.7% y/y) during March after the 0.6% February rise, earlier reported as 1.1%. The Action Economics survey looked for [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 11 2013
U.S. Initial Jobless Insurance Claims Retreat
Last week's decline in initial claims for jobless insurance more-than reversed strength during the prior two weeks. Claims fell to 346,000 (-8.5% y/y) during the week ended April 6 from a revised 388,000 during the prior week, [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 10 2013
U.S. Mortgage Applications Recover As Interest Rates Decline
The index of total mortgage applications from the Mortgage Banker Association increased 4.5% (21.7% y/y) last week and reversed the prior week's falloff. The rise was led by a 6.3% gain (28.5% y/y) in applications to refinance an [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 09 2013
U.S. JOLTS: Job Openings Rate Improves To Recovery High
According to the Bureau of Labor Statistics in the February Job Openings & Labor Turnover Survey (JOLTS) report, the job openings rate rose to 2.8% from a revised 2.7% in January. The latest was the highest since June of last year and [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 09 2013
U.S. Energy Prices Ease
The upcoming summer driving season will potentially be a little easier on motorists' wallets. To gain perspective, Haver Analytics constructs seasonal factors to account for the normal seasonal volatility in gasoline prices. Last [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 09 2013
U.S. Small Business Optimism Backpedals; Employment Readings Weaken
The National Federation of Independent Business reported that its March Small Business Optimism Index fell after three months of increase. The decline in the seasonally adjusted index to 89.5 from 90.8 in February left the index well [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 08 2013
U.S. Trade Deficit Improves With Higher Exports
The U.S. foreign trade deficit during February eased to $43.0 from $44.5B in January, barely revised from $44.4B. A $44.6B deficit had been expected. The m/m deficit improvement owed to a 0.8% gain (3.2% y/y) in exports while imports [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 05 2013
U.S. Employment Gain Is Disappointing; Jobless Rate Continues To Slip
The labor market grudgingly improved last month. Payroll employment increased 88,000 (1.4% y/y) following upwardly revised gains of 268,000 and 148,000 during the prior two months. Consensus had been looking for a 185,000 increase. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 04 2013
Challenger Job Cuts Slip M/M
The outplacement firm of Challenger, Gray & Christmas reported that 49,225 job cuts were announced during March. This latest level was down m/m but remained up from the the recovery low of 32,239 reached last August. Job cuts declined [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 04 2013
U.S. Initial Claims for Unemployment Insurance Spike
Initial claims for jobless insurance jumped to 385,000 (4.6% y/y) during the week ended March 30 from an unrevised 357,000 during the prior week Consensus expectations were for 349,000 claims. This latest claims figure was the highest [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 03 2013
U.S. Mortgage Applications Decline Led by Fewer Refinancings
The index of total mortgage applications from the Mortgage Banker Association declined 4.0% (+13.7% y/y) last week and reversed much of the prior week's rise. The latest decline was led by a 5.6% decline (+17.1% y/y) in applications [...]
by:Tom Moeller
|in:Economy in Brief
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