Reaching a five-year low, initial claims for unemployment insurance fell to 335,000 (-8.0% y/y) during the week ended January 12 versus a little-revised 372,000 a week earlier. Consensus expectations were for 368,000 claims. The four [...]
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| Jan 17 2013U.S. Initial Unemployment Insurance Claims Drop to Lowest Since January 2008
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 17 2013
U.S. Housing Starts Surge With Warm Weather & Rebound From Sandy
Total housing starts surged last month due to unseasonably warm temperatures and the recovery in the Northeast from Hurricane Sandy. Total starts jumped 12.1% (36.9% y/y), the highest level since June 2008. A rise to 879,000 was the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 16 2013
U.S. Mortgage Applications Increase Further As Rates Dip
The Mortgage Bankers Association index of total mortgage applications rose 15.2% (2.5% y/y) last week but still were below the late-September peak. Applications to refinance an existing loan rose 15.3% (1.4% y/y) and added to a sharp [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 16 2013
U.S. Home Builders Index Holds At A Six-Year High
Since 2006, sales conditions in the housing market haven't been this good. The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo held at 47, the highest level since April 2006. The index of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 16 2013
U.S. Industrial Output Increase Moderates As Post-Sandy Effect Lessens
Industrial production rose a moderate 0.3% (2.3% y/y) last month following a revised 1.0% November jump, initially reported as 1.1%. A 0.2% gain had been expected in the Action Economics survey. For the year, output rose 3.7% after a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 16 2013
U.S. Consumer Prices Are Roughly Unchanged M/M And Slow Y/Y
The December consumer price index matched expectations and was roughly unchanged following a 0.3% November decline. During the last twelve months prices rose 1.7%, roughly half the 2011 twelve month increase. Prices in December [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 15 2013
U.S. Business Inventories Continue To Accumulate Moderately
Business inventories rose 0.3% (5.5% y/y) during November, the same as a month earlier. The increase left the y/y rise at a steady 5.5%. The 0.6% gain (7.0% y/y) in merchant wholesalers inventories led the increase, supported by a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 15 2013
Empire State Factory Index Declines To Near Recovery Low
The Empire State Factory Index of General Business Conditions was negative in January for the sixth consecutive month. Moreover, except for one month in 2010, the latest reading of -7.78 was nearly the lowest level of the economic [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 15 2013
U.S. PPI Declines For Third Straight Month With Lower Energy Costs
The producer price index for finished goods declined 0.2% last month (+1.3% y/y) after an unrevised 0.8% November drop. Expectations had been for a 0.1% slip. For the full year price rose 1.9%. Prices excluding food & energy ticked up [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 15 2013
U.S. Retail Sales Increase Boosted By Auto Purchases
Consumers were in a spending mood at the end of last year. Total retail sales rose 0.5% following a 0.4% November increase which was revised up from 0.3%. A 0.2% rise in December sales had been expected, according to Action Economics. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 14 2013
FIBER: Commodity Prices Are Showing More Life
There's been nothing stealth about recent movements in commodity prices. Many have jumped while others have held firm. That combination has raised the latest commodity price index from the International Business and Economic Research [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 11 2013
U.S. Budget Deficit Shrinks Sharply
The Federal Government budget deficit narrowed sharply to $0.26B during December of FY13 versus a deficit of $86.0B last December. Expectations were for a deficit of $21.0B. So far this fiscal year the deficit has totaled $292.4B, [...]
by:Tom Moeller
|in:Economy in Brief
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