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Clarksville Weekly Market Snapshot from Frazier Allen for the week of July 20th, 2014

 

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – The retail sales and industrial production reports had similar stories – gains in June were disappointing relative to expectations, but figures for April and May were revised higher. These data (which are subject to revision) are consistent with a sharp rebound in economic activity in 2Q14 (following weather–related weakness in 1Q14), but also suggest some loss of momentum heading towards 3Q14.

The Producer Price Index and import price reports showed no appreciable pipeline pressures for inflation.

Frazier Allen

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of July 15th, 2014

 

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – Next week, the economic calendar picks back up. Retail sales are likely to be the highlight, boosted by stronger vehicle sales in June. Ex-autos, sales results for April and May were disappointing – so we’ll be on the lookout for a rebound (or possibly some revision to the previous figures).

Industrial production data and residential construction figures have some potential to move the markets – they should point to stronger growth in 2Q14.

Frazier Allen

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of July 8th, 2014

 

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – The June Employment Report was stronger than expected. Nonfarm payrolls rose by 288,000 (median forecast: +215,000), with widespread gains across sectors (April and May were revised a net 29,000 higher).

The unemployment fell to 6.1% (from 6.3%), although the employment/population ratio edged up only slightly (to 59.0%, vs. 58.9% in May and 58.7% a year ago – still suggesting plenty of slack in the labor market). Average hourly earnings rose 0.2% in June, up 2.0% y/y (the CPI rose 2.1% over the 12 months ending in May).

Frazier Allen

Frazier Allen

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Tennessee announces February 2014 County Unemployment Rates

 

Tennessee Department of Labor and Workforce DevelopmentNashville, TN – County unemployment rates for February 2014, released yesterday, show the rate decreased in 21 counties, increased in 61 counties, and remained the same in 13.

In Montgomery County Tennessee, the unemployment rate increased from 7.1 to 7.2% a change of 0.1%. In Clarksville the unemployment rate increased by 0.1% to 7.3%.

County Unemployment Summary

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of February 9th, 2014

 

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – The January Employment Report was a mixed bag. Nonfarm payrolls rose by a less-than-expected 113,000 (vs. a median forecast of +185,000), following a subpar 75,000 gain in December.

However, seasonal adjustment and weather effects added uncertainty to the results. Details suggest that the weather may not have been much worse than a normal January, but December weather was more unfavorable.

Frazier Allen

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Tennessee announces December 2013 County Unemployment Rates

 

Tennessee Department of Labor and Workforce DevelopmentNashville, TN - Tennessee County unemployment rates for December 2013, released on the 1st of the month show the rate decreased in 51 counties, increased in 29 counties, and remained the same in 15.

In Montgomery County Tennessee, the unemployment rate dropped from 7.8 to 7.4% a change of 0.4%.

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of December 19th, 2013

 

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN  – Taper, no tantrum. The Federal Open Market Committee decided to reduce the monthly pace of asset purchases from $85 billion to $75 billion in January. The FOMC added that it expects to further reduce the pace of asset purchases “in measured steps” depending on the economic data (that may mean every other Fed policy meeting in 2014).

It also emphasized that the federal funds target rate would remain in its current low range (0-0.25%) even after the unemployment rate falls below 6.5%.

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of December 10th, 2013

 

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – Fear of Fed tapering hung over the stock market. Market participants believed that the November Employment Report would be the deciding factor for whether the Fed will begin to reduce the pace of asset purchases this month.

The jobs report was stronger than anticipated, but not as bad as feared. Payrolls rose by 203,000, a bit more than expected (median forecast: +180,000), with a mild net revision of +8,000 to the two previous months. Job gains were relatively broad-based.

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Tennessee Unemployment Rate 8.4 Percent for September/October, 2013

 

Tennessee Unemployment Rates Delayed Due To Federal Shutdown

Tennessee Department of Labor and Workforce DevelopmentNashville, TN – Tennessee Labor and Workforce Development Commissioner Burns Phillips announced today Tennessee’s unemployment rate for both September and October is 8.4 percent, which is one tenth of one percentage point lower than the August revised rate.

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of November 12th, 2013

 

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN  – The economic data surprised. Real GDP rose at a stronger-than-expected 2.8% annual rate in the advance estimate for 3Q13, but the figure was boosted by faster growth in inventories (which added 0.8 percentage point to GDP growth).

Consumer spending rose at a 1.5% annual rate, while business fixed investment rose 1.6% – nothing to write home about. The partial government shutdown had a mixed impact on the October employment figures.

Nonfarm payrolls rose by 204,000 (median forecast: +125,000), while August and September figures were revised a net +60,000.

Frazier Allen

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