Total retail & food service sales slipped 0.2% last month after a 0.3% April increase and a 0.8% March gain, both revised down slightly from 0.5% and 0.9%, respectively. The May decline roughly matched Consensus expectations for a [...]
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| Jun 14 2011U.S. Retail Sales Slip Due To Autos
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 14 2011
U.S. Small Business Optimism Remains Subdued
The National Federation of Independent Business indicated that its index of small business optimism fell to 90.0 from an unrevised 91.2 in April. The latest remained the lowest level since September. Deterioration amongst the sub- [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 13 2011
U.S. Budget Deficit Improves This Fiscal Year
The U.S. Government's budget deficit so far this fiscal year totaled $927.4B, according to figures released late-Friday by the U.S. Treasury and the Office of Management and Budget. The monthly deficit in May deepened slightly m/m to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 10 2011
U.S. Import Price Strength Tapers Off
Pricing strength receded, at least temporarily, amongst internationally traded goods last month. Overall U.S. import prices rose just 0.2% after a little-revised 2.1% April increase. Nevertheless, the gain was stronger than Consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 09 2011
U.S. Trade Deficit Unexpectedly Shrinks
The foreign trade deficit narrowed in April to $43.7B from $46.8B in March, initially reported as $48.2B. Expectations had been for $48.8B according to Action Economics. The latest figure was the least since December as exports rose [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 09 2011
U.S. Initial Unemployment Claims Continue Sideways
For the third straight week claims held near the same level. Initial claims for jobless insurance ticked up to 427,000 last week from 426,000 during the week prior, revised from 422,000. The latest figure was higher than Consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 08 2011
U.S. Mortgage Applications Slip Despite Record Low Interest Rates
The Mortgage Bankers Association reported that overall mortgage applications slipped 0.4% last week following a 4.0% decline during the prior week. Applications began this month down 1.0% from the May average. Applications to purchase [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 08 2011
U.S. Consumer Borrowing Increases
The improved job market has encouraged more credit usage by consumers. Reported late yesterday, overall consumer credit rose $6.3B during April following a downwardly-revised March gain of $4.8B. A $5.0B increase has been expected by [...]
by:Tom Moeller
|in:Economy in Brief
A news headline announced that the overall May unemployment rate unexpectedly edged up to 9.1%. The Labor Department's figures painted a picture not only of higher unemployment but of great variation in conditions by gender, age, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 07 2011
U.S. JOLTS Rate Slips
The Bureau of Labor Statistics reported in its Job Openings & Labor Turnover Survey (JOLTS) that the April job openings rate slipped to 2.1% from 2.3% during March. The latest reading remained improved versus the recession low of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 07 2011
U.S. Chain Store Sales Lose Forward Momentum
The consumer recently has shown an indication to pull back from past, strong spending trends. Like last month's decline in vehicle sales, chain store sales fell 2.2% in May. In addition today's news of a 0.4% w/w uptick in store sales [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 07 2011
U.S. Gasoline Price Decline Steadies As Crude Oil Gains, Again
Last week, the pump price for regular gasoline fell one penny to $3.78 per gallon. Since the peak four weeks ago prices have fallen 17 cents (4.6%). Pump prices usually start rising this time of year with increased seasonal demand. To [...]
by:Tom Moeller
|in:Economy in Brief
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