The U.S. foreign trade deficit during March widened to $51.8B from $45.4B in February, revised from $46.0B. Expectations were for a deficit of $50.0B. Exports increased 2.9% (7.3% y/y) but imports jumped 5.2% (8.4% y/y). In chained [...]
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 10 2012U.S. Trade Deficit Deepens Sharply
by:Tom Moeller
|in:Economy in Brief
- Global| May 10 2012
U.S. Initial Claims For Unemployment Insurance Remain Low
The job market remains on the road to modest recovery. Initial unemployment insurance claims ticked down last week to 367,000 from 368,000 during the prior week, earlier reported as 365,000. Consensus expectations were for 370,000 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 09 2012
U.S. Chain Store Sales Slip Again
Chain store sales fell 0.8% last week (+3.3% y/y), the third decline in the last four weeks. Sales began May 0.8% below April when purchases rose 3.4% m/m. During the last ten years there has been a 72% correlation between the y/y [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 09 2012
U.S. Mortgage Applications Improve As Rates Plumb A New Low
The Mortgage Bankers Association reported that its index of total mortgage applications rose 1.7% w/w to 710.4 (43.1% y/y). Home purchase applications jumped 3.4% w/w (1.1% y/y). Applications to refinance increased 1.3% (64.6% y/y). [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 09 2012
FIBER: Industrial Commodity Prices Lose Upward Momentum
During the last few months industrial commodity prices have fluctuated in a relatively narrow range. Nevertheless, at 170.3 the latest price index from the Foundation for International Business and Economic Research (FIBER) was 7.6% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 08 2012
U.S. JOLTS: Job Openings Increase To Recovery High
The rate of labor market improvement picked up as indicated by the March job openings rate. It rose to 2.7%, the highest level since July 2008, and February was unrevised at 2.6%. The figures are in the Bureau of Labor Statistics Job [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 08 2012
U.S. Petroleum Prices Are Under Pressure
The pump price of regular gasoline fell another four cents last week to $3.79 per gallon, down for the fifth straight week. Haver Analytics' seasonally-adjusted price for regular declined twelve cents to $3.58 per gallon, also the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 08 2012
U.S. Small Business Optimism Reaches Recovery High
The National Federation of Independent Business reported that its Optimism Index improved to 94.5 last month from an unrevised 92.5 in March. The latest level matched the economic recovery high of last February. The percentage [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 07 2012
U.S. Consumer Credit Growth Revives
Consumer credit outstanding returned to the fast growth track during March. It increased $21.3B (AR) following a $9.3B February gain, initially reported as $8.7B. A $10.0B increase had been expected by Action Economics. It raised [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 04 2012
U.S. Employment Growth Disappoints Again; Jobless Rate Declines
Nonfarm payrolls grew a disappointing 115,000 (1.4% y/y) last month. The rise followed a 154,000 March increase and a 259,000 February gain which both were revised up from 120,000 and 240,000, respectively. The latest increase was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 03 2012
Challenger Reports A Slight Rise In Job Cuts
The outplacement firm of Challenger, Grey & Christmas reported that job cut announcements rose slightly during April to 40,559. However, they remained near the recovery's low. Announcements remained low in the apparel, construction, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 03 2012
U.S. ISM Nonmanufacturing Index Indicates Slower Expansion
The Composite Index for the service and construction sectors from the Institute for Supply Management (ISM) fell to 53.5 in April versus an unrevised 56.0 during March. Declines during the last two months pulled the figure to its [...]
by:Tom Moeller
|in:Economy in Brief
- of1081Go to 571 page