Debt remains a bad word in consumers' dictionary. As such, they want less of it. Federal Reserve figures released yesterday indicate that consumer credit outstanding fell $3.6B during July following declines during the prior two [...]
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| Sep 09 2010U.S. Consumer Credit Outstanding Falls Again
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 08 2010
JOLTS: U.S. Job Openings Start To Improve And Separations Remain Stable
The Bureau of Labor Statistics reported that the latest reading of labor market conditions improved modestly. The Job Openings & Labor Turnover Survey (JOLTS) indicated that the job openings rate during July ticked up to 2.3% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 08 2010
U.S. Chain Store Sales Reverse July-August Improvement
Consumers are pulling back from their easier-spending ways early this summer. Weekly chain store sales fell 0.4% last week leaving the level at its lowest since the end of June. During the last ten years there has been a 68% [...]
by:Tom Moeller
|in:Economy in Brief
The soft U.S. economy has done nothing to help oil & gas prices. The pump price for regular gasoline held steady last week at $2.68 per gallon, the lowest since February and down from $2.91 in early-May. Nevertheless, prices remained [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 07 2010
Manpower Inc. Survey Indicates Steady But Slow U.S. Hiring
The latest Manpower Inc. Survey suggested that while the U.S. labor market continues to grow, the usual post-recession momentum has yet to emerge. For Q4 2010, the level of its seasonally adjusted diffusion index held roughly steady [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 03 2010
U.S. ISM Nonmanufacturing Index Reverses Earlier Improvement
The U.S. service sector seems unable to sustain the improvement that began in 2009. The August Composite Index for the service and construction sectors from the Institute for Supply Management (ISM) dropped sharply to 51.5 from 54.3 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 03 2010
U.S. Nonfarm Payrolls Decline As Census-Taking Ends; Private-Sector Hiring Is Again Modest
The title to this month's write-up is exactly the same as last month since there is little to distinguish the two periods... even the bottom-line interpretation is the same. The job market continued soft, though slightly improved, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 02 2010
U.S. Labor Productivity Q2 Decline Revised Deeper
Revised labor productivity growth last quarter was reduced, as expected, based on last week's lowered estimate of real GDP growth. Nonfarm business sector productivity fell 1.8% (AR) after the initial estimate of a 0.9% decline. It [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 02 2010
U.S. Pending Home Sales Improve
The National Association of Realtors (NAR) reported that pending sales of existing single-family homes improved during July. A 5.2% m/m rise brought them to the highest level since April after which they fell sharply with the removal [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 02 2010
U.S. Jobless Insurance Claims Surprisingly Edge Lower
The labor market has yet to show signs of strength, but at least its not showing much sequential deterioration either. Initial claims for unemployment insurance fell 6,000 last week to 472,000 from an upwardly revised 478,000 in the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 02 2010
U.S. August Vehicle Sales Slip M/M But Slide Y/Y
Unit sales of light vehicles showed no forward m/m momentum in August and fell sharply with the comparison to last year's Cash-For-Clunkers sales program. Sales slipped 0.6% to 11.47M units (SAAR) following July's 3.3% rise. (Past [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 01 2010
U.S. Construction Activity Declines For Third Month
The news from the construction sector continues bleak. Overall, the value of construction-put-in-place fell 1.0% during July after earlier months' figures were revised sharply lower. The July decline was double the Consensus [...]
by:Tom Moeller
|in:Economy in Brief
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