Consumers are borrowing but they're not using their credit cards. The Federal Reserve reported Friday that consumer credit outstanding rose $1.4B during November following a $7.0B October increase that was nearly double the initial [...]
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 10 2011
U.S. Consumer Credit Again Ratchets Up
by:Tom Moeller
|in:Economy in Brief
Global| Jan 07 2011
U.S. Payroll Increase Disappoints Again But Unemployment Rate Declines
The labor market just can't seem to generate a full head of steam. Nonfarm payrolls rose 103,000 last month after upwardly revised gains during the prior two months. But the rise disappointed Consensus forecasts for a 150,000 gain and [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 06 2011
U.S. Initial Jobless Insurance Claims Rise Modestly
Initial claims for unemployment insurance rose last week to 409,000 from 391,000 (initially reported as 388,000). The latest was higher than expectations for 400,000 according to Bloomberg. Nevertheless, claims remained near the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 06 2011
U.S. Challenger Layoffs Lowest In Ten Years
The outplacement firm of Challenger, Grey & Christmas reported that the level of layoffs during December fell sharply to 32,004. The level was the lowest since June 2000. For the full year, planned layoffs totaled 529,973, down 58.9% [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 06 2011
U.S. Mortgage Applications Remain Near One-Year Low Though Rates Dip
The Mortgage Bankers Association reported that overall mortgage applications continued to stabilize last week. Applications rose 2.3% and reversed the prior week's decline, both of which came on the heels of an 18.6% mid-month plunge. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 05 2011
U.S. ISM Nonmanufacturing Index Highest Since 2006
For the fourth consecutive month the U.S. service sector improved. The December Composite Index for the service and construction sectors from the Institute for Supply Management (ISM) rose to 57.1.0 from 55.0 in November. The latest [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 05 2011
U.S. Vehicle Sales Improve Further
Unit sales of light vehicles increased 2.3% last month versus November to 12.55M units (SAAR). Sales were slightly stronger than expectations for 12.3M. (Seasonal adjustment of these figures is provided by the U.S. Bureau of Economic [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 05 2011
ADP Reports Record Jump In Payrolls
In its latest National Employment Report, the payroll processor, Automatic Data Processing (ADP), indicated that the level of private nonfarm payrolls jumped 297,000 m/m during December. The gain exceeded Consensus expectations for a [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 05 2011
Small Business Employment Outpaces Overall Economy
Small business employment has been growing since September, 2009. That's the indication from Intuit's Small Business Employment Index for December. Since the 2009 low, the index has risen 4.5% and that compares to roughly 0.5% growth [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 04 2011
U.S. Factory Shipments Rise With Higher Oil Prices
There's a recovery underway in the factory sector, but it's losing steam. Shipments of manufactured goods rose 0.8% in November (5.9% y/y) after a 0.4% October increase, but the magnitude of that recovery is misleading. Higher oil [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 04 2011
U.S. Chain Store Sales Reach A Record Level At Year-end
Shopping is what consumers do, especially during the holidays. Reflecting that inclination, sales at chain stores increased another 0.4% last week to a record high. The increase followed three weeks of strong increase. However, since [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 04 2011
U.S. Gasoline Prices Higher With Crude Oil Costs
Reports of improvement in economies worldwide have lent strength to energy prices. Last week, the pump price for regular gasoline rose another two cents to $3.07 per gallon following the prior week's seven cent rise. Prices were the [...]
by:Tom Moeller
|in:Economy in Brief
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