Reported late Friday, consumer credit outstanding increased $8.7B (4.3% y/y) during February after an $18.6B January rise, revised from $17.8B. A $12.0B increase had been expected by Action Economics. It raised credit usage by 4.3% [...]
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 09 2012U.S. Consumer Credit Outstanding Growth Slows
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 06 2012
U.S. Employment Growth Weakens
March nonfarm payrolls grew a modest 120,000 (1.5% y/y) following a revised 240,000 February increase and a 275,000 January gain, which both were little-revised. The gain disappointed expectations for a 210,000 rise. From the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 06 2012
U.S. Employment Growth Weakens
March nonfarm payrolls grew a modest 120,000 (1.5% y/y) following a revised 240,000 February increase and a 275,000 January gain, which both were little-revised. The gain disappointed expectations for a 210,000 rise. From the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 05 2012
Challenger Indicates Fewer Job Cuts and Increased Hiring
The outplacement firm of Challenger, Grey & Christmas reported that job cut announcements fell sharply during March to 37,880, near the recovery's low. Announcements were sharply lower in the transportation, consumer products, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 05 2012
U.S. Initial Unemployment Insurance Claims Continue Downward
Initial claims for unemployment insurance fell six thousand to 357,000 during the week ended March 31 from 363,000 in the prior week, reported earlier as 359,000. The latest figure was the lowest since April of 2008. The weekly number [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 04 2012
U.S. ISM Nonmanufacturing Index Retraces Its Earlier Gain
Service sector activity backpedaled last month. The Composite Index for the service and construction sectors from the Institute for Supply Management (ISM) fell to 56.0 in March versus an unrevised 57.3 during February and 56.8 in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 04 2012
ADP Report Estimates Payrolls Rise 209,000
Employment growth is continuing at a moderate rate. That's indicated by the 209,000 increase in March private-sector payrolls reported by the payroll processor Automatic Data Processing (ADP) and economic consultants Macroeconomic [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 03 2012
U.S. Vehicle Sales Dip But Remain Firm
Sales of light motor vehicles dipped m/m during March but remained near the four-year high. Unit vehicle sales fell 4.8% m/m to 14.37M (AR) during March according to Autodata Corporation. That sales rate was up 10.0% versus one year [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 03 2012
U.S. Factory Orders Recover Along With Backlogs
Orders in the manufacturing sector recovered 1.3% (9.0% y/y) during February and reversed a little-revised 1.1% January slump. The rise reflected a 2.4% gain in orders for durable goods. That was little-changed from the advance report [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 03 2012
U.S. Gasoline Prices Continue Higher But Crude Oil Slips
The rise has been relentless. Pump prices for regular gasoline rose another two cents last week to $3.94 per gallon, their highest since last May. The gain has been seventy cents (22%) since year-end. Reduced seasonal demand typically [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 02 2012
U.S. Construction Spending Falls Again Despite The Mild Winter
Warm temperatures didn't seem to give much of a lift to construction spending. During February, outlays fell 1.1% (+5.8% y/y) following a downwardly revised 0.8% January drop. The decline disappointed Consensus expectations for a 0.7% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 02 2012
U.S. ISM Factory Index Nudges Up But Prices Slip
Factory sector growth remained just moderate last month. The Composite Index of industrial sector activity from the Institute For Supply Management inched up to an expected 53.4 last month from an unrevised 52.4 in February. The [...]
by:Tom Moeller
|in:Economy in Brief
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