The U.S. Commerce Department reported that business inventories rose 0.3% during November following a 0.8% rise in October. Business sales also rose 0.3%. As a result, the inventory/sales ratio held at 1.27 for the fourth straight [...]
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 12 2012U.S. Business Inventory Growth Eases
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 12 2012
U.S. Initial Claims For Jobless Insurance Are Highest Since November
Earlier workforce improvement seems to have stuttered. Initial claims for unemployment insurance increased to 399,000 last week from 375,000 the week earlier (revised from 372,000). The latest reading was the highest reading since the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 12 2012
U.S. Retail Sales Gain Minimally
Consumers took a break from raising spending last month. Total retail sales ticked up 0.1% (6.5% y/y) during December following a revised 0.4% November increase, last month reported as 0.2%. Consensus expectations had been for a 0.3% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 12 2012
U.S. Retail Sales Gain Minimally
Consumers took a break from raising spending last month. Total retail sales ticked up 0.1% (6.5% y/y) during December following a revised 0.4% November increase, last month reported as 0.2%. Consensus expectations had been for a 0.3% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 11 2012
U.S. Mortgage Applications & Interest Rates Trend Sideways
The index of total mortgage applications rose 4.5% last week to 663.1 (March 16, 1990 = 100). The increase followed the prior week's 4.1% decline and the index has moved irregularly sideways since October. Applications to refinance [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 11 2012
U.S. Joblessness Remains Elevated by Duration, Age & Race; Higher Education Pays Dividends
The Household Employment Survey from the Bureau of Labor Statistics indicated job market improvement last month. However, while the official unemployment rate of 8.5% was well below its October '09 high of 10.0%, the picture was not [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 10 2012
U.S. Crude Oil & Gasoline Prices Rise Again
The pump price for regular gasoline rose another eight cents last week to $3.38 per gallon following the prior week's four cent gain. Retail prices usually decline this time of year with reduced seasonal demand. To account for this [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 10 2012
U.S. Small Business Optimism Improves Further
Small businesses are gaining more confidence in the economy. The National Federation of Independent Business indicated that its December index of small business optimism rose to 93.8 from an unrevised 92.0 in November. The latest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 10 2012
U.S. JOLTS Rate Slips From Latest High
The Bureau of Labor Statistics reported in its Job Openings & Labor Turnover Survey (JOLTS) that the November job openings rate slipped to 2.3% from an unrevised 2.4%. Nevertheless, the latest reading remained improved versus the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 10 2012
U.S. Consumer Credit Outstanding Surges
Consumers felt confident enough during November to significantly strengthen their usage of credit. The Federal Reserve reported that overall consumer credit surged $20.4B after a revised $6.0B gain during October, initially reported [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 06 2012
U.S. Nonfarm Payrolls Post Moderate Increase; Unemployment Rate Lower
The job market gave further indication of moderate improvement. Nonfarm payrolls grew 200,000 (1.3% y/y) in December and the prior two months were little-revised. Consensus expectations had been for a 150,000 gain in December [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 05 2012
Challenger Reports Fewer Job Cuts
The outplacement firm of Challenger, Grey & Christmas reported that job cut announcements during December slipped to a six-month low of 41,785 from November's 42,474. The latest figure was the lowest since June. The low level of [...]
by:Tom Moeller
|in:Economy in Brief
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