Initial claims for unemployment insurance rose 15,000 during last week to 448,000. That offset an 18,000 decline during the week prior which was revised slightly shallower.The Labor Department estimates that another 12,000 claims in [...]
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| Oct 23 2008U.S. Weekly Initial Claims for Jobless Insurance Ticked Higher
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 22 2008
U.S. Mortgage Applications Lowest Since 2000
The total number of mortgage applications fell 16.6% last week from the prior period to their lowest level since late-2000, according to the Mortgage Bankers Association. The decline pulled the October average 17.6% below September [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 22 2008
U.S. Mortgage Applications Lowest Since 2000
The total number of mortgage applications fell 16.6% last week from the prior period to their lowest level since late-2000, according to the Mortgage Bankers Association. The decline pulled the October average 17.6% below September [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 21 2008
U.S. Chain Store Sales Fell
According to the International Council of Shopping Centers, chain store sales fell 1.6% last week. The decline more than reversed the gains of the prior two weeks. The level of sales so far October were 1.0% below the September [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 21 2008
Chicago Fed Index Fell Deeper Into Negative Territory
The National Activity Index (CFNAI) from the Chicago Federal Reserve Bank for September moved deeper into recession territory. The reading of -2.57 was the lowest since early during the 1981-82 recession.The current index level was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 21 2008
U.S. Gasoline Prices Below $3.00
For the first time since February of this year, the retail price for a gallon of regular gasoline fell below $3.00 per gallon. At $2.91, according to the U.S. Department of Energy survey, the price was the lowest since October of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 21 2008
U.S. Gasoline Prices Below $3.00
For the first time since February of this year, the retail price for a gallon of regular gasoline fell below $3.00 per gallon. At $2.91, according to the U.S. Department of Energy survey, the price was the lowest since October of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 20 2008
U.S. Home Builders' Survey Plumbed A New Low
The National Association of Home Builders indicated that its October Housing Market Index (HMI) fell to a record low of 14. The index is compiled from survey questions asking builders to rate market conditions as “good”, “fair”, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 20 2008
Rise in U.S. Leading Indicators The Largest Since Last Year
The composite index of leading economic indicators, reported by the Conference Board, increased 0.3% last month. The rise came after a revised August decline of 0.9% which was nearly double that reported initially. Despite the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 20 2008
Philadelphia Fed Index Lowest Since 2001
Coincident with the recent turmoil in the financial market, last week the Philadelphia Federal Reserve Bank reported that its October Index of General Business conditions in the manufacturing sector fell to -37.5 its lowest level [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 20 2008
Philadelphia Fed Index Lowest Since 2001
Coincident with the recent turmoil in the financial market, last week the Philadelphia Federal Reserve Bank reported that its October Index of General Business conditions in the manufacturing sector fell to -37.5 its lowest level [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 17 2008
Mid-October Michigan Consumer Sentiment Tanks With Stock Market
We got our first glimpse of consumer's reaction to the unfolding crises in the credit markets. The University of Michigan's mid-October reading of consumer sentiment collapsed by 18.2% from the September level, to 57.5. The latest [...]
by:Tom Moeller
|in:Economy in Brief
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