The Mortgage Bankers Association reported that overall mortgage applications increased 15.5% last week. The jump pulled applications 13.9% above the February average. Nevertheless, applications were up just modestly from nearly the [...]
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| Mar 09 2011
U.S. Mortgage Applications Rise With Low Interest Rates
by:Tom Moeller
|in:Economy in Brief
Global| Mar 09 2011
U.S. Chain Store Sales Begin March With A Jump
Consumers began the month in a mood to spend. Sales at chain stores jumped 2.3% during the first week of March following a modest slip that ended last month. The gain lifted sales 2.8% above the February average after that month's [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 08 2011
U.S. Manpower Inc. Survey: Hiring Remains Steady For Q2
The latest Manpower Inc. Survey suggested that recent improvement in the U.S. labor market will hold steady next quarter. For Q2 2011, the level of the seasonally adjusted diffusion index held at 8 following a downwardly revised 8 in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 08 2011
U.S. Small Business Optimism Increases Further
The National Federation of Independent Business indicated that its index of small business optimism rose to 94.5 in February from an unrevised 94.1 in January. The latest remained the highest level since December 2007. Improvement [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 08 2011
U.S. Gasoline Prices Rise Further With Crude Oil
There's no way but up for petroleum prices. The pump price for regular gasoline increased last week by fourteen cents to $3.52 per gallon, the highest since October-2008 and more-than double the December-2008 low of $1.61. Typically, [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 07 2011
U.S. Consumer Credit Expands But The Mix Diverges
A firmer job market is encouraging consumers to take on more debt, but this time it's not business as usual. During January consumer credit expanded by $5.0B after a revised $4.1B increase during December. Credit has risen strongly [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 04 2011
U.S. Payroll Employment Firms And Unemployment Rate Falls Unexpectedly
Weather effects faded last month and the U.S. job market showed clear signs of improvement. Nonfarm payrolls increased 192,000 and added to a 63,000 increase during January, initially reported as 36,000. The December figure also was [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 03 2011
U.S. ISM Nonmanufacturing Index Firms Again
The U.S. nonmanufacturing sector showed improvement last month. The February Composite Index for the service and construction sectors from the Institute for Supply Management (ISM) rose to 59.7 from 59.4 in January. The latest beat [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 03 2011
U.S. Labor Productivity Is Unrevised
As expected, labor productivity in the nonfarm business sector rose an unrevised 2.6% (AR) last quarter and roughly repeated its Q3 increase. For the full year, productivity rose 3.6% and roughly repeated the 2009 increase. Last [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 03 2011
U.S. Initial Claims For Unemployment Insurance Plumb New Low
Improvement in the job market continues. Initial claims for unemployment insurance fell to 368,000 last week from 388,000 during the week prior, initially reported as 391,000. Consensus expectations had been for 395,000 claims [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 02 2011
U.S. Challenger Layoffs Increase Sharply
The outplacement firm of Challenger, Grey & Christmas reported that the level of layoffs during February jumped to 50,702, the highest level since January of last year. The rise in layoffs was led by government and retail sectors with [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 02 2011
U.S. Vehicle Sales Unexpectedly Rise Further
The consumers' appetite for purchasing a new motor vehicle remains hearty. Unit sales of light vehicles jumped 6.4% last month versus January to 13.44M units (SAAR). Consensus had estimated sales of 12.7M according to the Bloomberg [...]
by:Tom Moeller
|in:Economy in Brief
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