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 [...]
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 09 2011U.S. Initial Unemployment Claims Continue Sideways
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
- Global| Jun 03 2011
U.S. ISM Nonmanufacturing Index Improves
The May Composite Index for the service and construction sectors from the Institute for Supply Management (ISM) rose to 54.6 from 52.8 in April. Nevertheless, the index remained near the lowest since February 2010. The figure roughly [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 03 2011
U.S. Payrolls Gain Modestly, As Jobless Rate Rises
The two headline figures from the May employment report were dreary. The Bureau of Labor Statistics stated that the 54,000 worker rise in payrolls was the weakest in nearly twelve months and noted that the unemployment rate rose to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 02 2011
U.S. Construction Spending Remains Weak
Reported yesterday, the value of construction spending rose 0.4% during April following a 0.1% uptick in March, revised down from a 1.4% gain reported last month. Consensus expectations as indicated by Action Economics called for a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 02 2011
U.S. Factory Orders & Shipments Backpedal
Manufacturing orders pulled back 1.2% during April after a 3.8% March jump, revised up from 3.0%. Consensus expectations were for a 1.0% decline in total factory orders. For durable goods only, orders fell an unrevised 3.6%. As [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 02 2011
U.S. Initial Jobless Insurance Claims Slip
Initial claims for jobless insurance slipped last week to 422,000 from 428,000 during the week earlier, revised from 424,000. The latest figure was slightly higher than Consensus expectations for 419,000 claims. The four-week moving [...]
by:Tom Moeller
|in:Economy in Brief
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