Inventories at the wholesale level slipped 0.1% (+11.9% y/y) during September following a 0.1% August uptick. The decline was led by a 4.0% fall (+13.2% y/y) in petroleum. Less petroleum, inventories rose 0.1% (11.9%) as industry [...]
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| Nov 09 2011
U.S. Wholesale Inventories Dip As Sales Gain
by:Tom Moeller
|in:Economy in Brief
Global| Nov 09 2011
U.S. Mortgage Applications Jump With Lower Interest Rates
Lower interest rates continued to have their effect on the mortgage market last week. The index of total mortgage applications jumped 10.3% to 734.3 (March 16, 1990 = 100) and recovered the October declines. Applications started this [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 08 2011
U.S. JOLTS Rate Is Highest In Three Years
The job market is on the mend as job openings and hires rise. The Bureau of Labor Statistics reported in its Job Openings & Labor Turnover Survey (JOLTS) that the September job openings rate rose m/m to 2.5%. The latest reading was [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 08 2011
U.S. Gasoline Price Falls While Demand Collapses
Divergent movement underscores recent trends in energy prices. The pump price for regular gasoline fell three cents last week to $3.42 per gallon. Prices remained down versus May when they averaged $3.91. Retail prices usually start [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 08 2011
U.S. Chain Store Sales Rise Again
The consumer still has an inclination to spend. That's the message from last week's 1.0% increase in chain stores sales which added to the prior week's 0.7% gain. Regardless, sales remain 3.0% below the July peak. During the last ten [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 08 2011
U.S. Small Business Optimism Improves
The National Federation of Independent Business indicated that its October index of small business optimism rose to 90.2 from an unrevised 88.9 in September. Improvement in firms' expectations for the economy and sales was accompanied [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 07 2011
U.S. Consumer Credit Extension Rebounds M/M And Trend Firms
Consumers rediscovered an interest in using credit for purchases during September. The Federal Reserve reported that overall consumer credit expanded $7.4B following a little-revised $9.7B drop during August, initially reported as [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 04 2011
U.S. Nonfarm Payrolls Growth Disappoints But Jobless Rate Slips
Nonfarm payrolls grew just 80,000 during October but the September and August gains were revised up. Consensus expectations had been for a 100,000 increase in jobs last month. Altogether, these latest gains leave growth in employment [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 03 2011
U.S. Factory Orders Improve Modestly But Backlogs Are Strong
Manufacturing orders rose 0.3% during September following a 0.1% August uptick, revised from the 0.2% slip reported last month. A 0.2% September dip had been expected. For durable goods only, orders fell 0.6%, roughly unchanged from [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 03 2011
U.S. ISM Nonmanufacturing Index Continues Sideways Movement
The service sector just can't generate improvement. The Composite Index for the service and construction sectors from the Institute for Supply Management (ISM) was 52.9 last month versus an unrevised 53.0 during September. The figure [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 03 2011
U.S. Labor Productivity Growth Improves
Worker productivity grew at the fastest rate last quarter since Q1'10. The 3.1% gain followed two quarterly declines. Nevertheless, the y/y increase held low at 1.1%, about where it's been all year. That compares to 4.1% growth during [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 03 2011
U.S. Initial Claims for Jobless Insurance Edge Lower
Initial claims for jobless insurance slipped to 397,000 last week from 406,000 (revised from 402,000) during the week prior. The latest figure compared to the 400,000 expected figure in the Action Economics survey. The 4-week moving [...]
by:Tom Moeller
|in:Economy in Brief
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