The Mortgage Bankers Association reported that mortgage applications dropped 4.4% last week to the second lowest level of 2005. The decline lowered the opening level for April 6.8% below March which fell 4.8% from February. Purchase [...]
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| Apr 06 2005Mortgage Applications Near Lowest of the Year
by:Tom Moeller
|in:Economy in Brief
Global| Apr 06 2005Mortgage Applications Near Lowest of the Year
The Mortgage Bankers Association reported that mortgage applications dropped 4.4% last week to the second lowest level of 2005. The decline lowered the opening level for April 6.8% below March which fell 4.8% from February. Purchase [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 05 2005Challenger Layoff Count Fell Sharply
Challenger, Gray & Christmas reported that job cut announcements in March reversed the prior month's jump and fell 20.3%. Challenger also reported that announced hiring plans fell sharply m/m to 18,509 jobs but the 1Q05 level rose by [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 05 2005Chain Store Sales Recovered Slightly
Chain store sales inched up 0.3% in the opening week of April and recovered a piece of the prior week's 1.0% drop according to the International Council of Shopping Centers (ICSC)-UBS survey. Sales began the month 0.2% below the March [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 05 2005Chain Store Sales Recovered Slightly
Chain store sales inched up 0.3% in the opening week of April and recovered a piece of the prior week's 1.0% drop according to the International Council of Shopping Centers (ICSC)-UBS survey. Sales began the month 0.2% below the March [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 04 2005U.S. Construction Spending Up
The total value of construction put in place rose 0.4% in February. Consensus expectations had been for a 0.6% gain. Earlier month's figures were little revised. Private residential building activity rose 0.7% paced by a 1.4% (13.7% [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 04 2005U.S. Light Vehicle Sales Continue Sideways
Sales of light vehicles in March rose 3.5% versus February to 16.85M units according to Autodata Corporation but the gain only lifted sales to roughly the same level as last year. In 1Q sales averaged 16.45M, down 4.6% versus 17.25M [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 04 2005U.S. Light Vehicle Sales Continue Sideways
Sales of light vehicles in March rose 3.5% versus February to 16.85M units according to Autodata Corporation but the gain only lifted sales to roughly the same level as last year. In 1Q sales averaged 16.45M, down 4.6% versus 17.25M [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 01 2005U.S. Consumer Sentiment Faded Further
The University of Michigan's March reading of consumer sentiment at 92.6 about matched Consensus expectations, ended the month down from the preliminary indication of 92.9 and was 1.6% lower than February. Sentiment has fallen in each [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 01 2005ISM Non-Manufacturing Index Higher Again
The Institute for Supply Management reported that in March the Business Activity Index for the non-manufacturing sector rose for the second consecutive month to 63.1 from 59.8 the prior month. Since the series' inception in 1997 there [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 01 2005ISM Factory Index About Stable
The Institute of Supply Management reported that the Composite Index of activity in the manufacturing sector remained about unchanged in March at 55.2 versus 55.3 in February. Consensus expectations had been for 55.0. During the last [...]
by:Tom Moeller
|in:Economy in Brief
Global| Apr 01 2005U.S. Payroll Growth Slowed, Unemployment Fell
Non-farm payrolls rose just 110,000 in March and the prior month's gain was revised lower to 243,000. Consensus expectations had been for payrolls to rise 220,000 last month. The household survey, however, indicated that the [...]
by:Tom Moeller
|in:Economy in Brief
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