During December, total U.S. import prices declined another 4.2% after the revised 7.0% November drop. The decline fell short of Consensus expectations for a 5.3% decline. Petroleum prices continued down sharply last month by 21.4%. [...]
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 14 2009U.S. Import Prices Down Sharply Again: Both Oil & Nonoil
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 14 2009
The Dismal Christmas: U.S. Retail Sales Fell Sharply
Retail sales in December fell for the sixth consecutive month. Worse yet, the 9.8% year-to-year decline was a postwar record. The 2.7% drop last month followed declines of 2.1% and 3.4% during November and October which were greater [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 14 2009
The Dismal Christmas: U.S. RetailSales Fell Sharply
Retail sales in December fell for the sixth consecutive month. Worse yet, the 9.8% year-to-year decline was a postwar record. The 2.7% drop last month followed declines of 2.1% and 3.4% during November and October which were greater [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 13 2009
U.S. Budget Deficit Continued To Swell Toward A Record
The U.S. government's budget deficit for December continued to reflect the combined effects of a U.S. recession as well as wars in Iraq and Afghanistan.The monthly deficit rose to $83.6 billion. While not large, it compares to a usual [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 13 2009
JOLTS: U.S. Job Openings Lowest Since 2003
The Bureau of Labor Statistics indicated in its November Job Openings & Labor Turnover Survey (JOLTS) report that the number of job openings fell 6.9% from October and by nearly one third from November 2007. The latest level was the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 13 2009
U.S. Small Business Optimism Fell Further to Near All-time Low; Pricing At All-time Low
According to the National Federation of Independent Business (NFIB), small business optimism fell hard last month. The index level of 85.2 was down 3.0% month-to-month and it followed the slight 0.3% November uptick. The latest was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 13 2009
U.S. Gasoline Prices Again Moved Higher
Regular gasoline prices again moved higher last week. They rose ten cents to an average $1.78 per gallon after the prior week's seven cent gain, according to the U.S. Department of Energy survey. Nevertheless, the price was still down [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 13 2009
U.S. Trade Deficit Narrowed Sharply With Recession and Lower Oil Prices
The U.S. foreign trade deficit narrowed sharply during November as the U.S. recession and lower oil prices combined to reduce imports. The sharp drop to $40.4B from a revised $56.7B during October was much greater than Consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 13 2009
U.S. Trade Deficit NarrowedSharply With Recession and Lower Oil Prices
The U.S. foreign trade deficit narrowed sharply during November as the U.S. recession and lower oil prices combined to reduce imports. The sharp drop to $40.4B from a revised $56.7B during October was much greater than Consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 09 2009
U.S. Payrolls Slashed 524,000; Past Data Lowered; 7.2% Jobless Rate Highest Since 1993
It wasn't bad enough that December nonfarm payrolls were cut 524,000, but downward revisions to prior months left payrolls for the twelve months off 1.9% from one year earlier. That was the weakest performance since the sharp [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 09 2009
U.S. Payrolls Slashed 524,000; Past Data Lowered; 7.2% Jobless Rate Highest Since 1993
It wasn't bad enough that December nonfarm payrolls were cut 524,000, but downward revisions to prior months left payrolls for the twelve months off 1.9% from one year earlier. That was the weakest performance since the sharp [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 08 2009
Credit Cards Pocketed; The Frugal U.S. Consumer
U.S. consumer credit usage dropped during November for the third month in the last four. The Federal Reserve reported that consumer credit outstanding fell $8.0 billion m/m after a $2.8B October decline that was slightly shallower [...]
by:Tom Moeller
|in:Economy in Brief
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