Clarksville, TN – Fed Governor Lael Brainard, a dove, presented her case for why the central bank should delay an increase in short-term interest rates. While her views are her own (not representative of the Fed as a whole), a more hawkish tilt would have raised the odds of a September rate hike.
The key economic data reports were on the soft side of expectations, but were still consistent with moderate growth in the near term. Retail sales disappointed in August. Industrial production unwound a seasonal quirk that boosted July figures. CPI figures surprise slightly to the upside.
April 2016 County Unemployment Rates
Nashville, TN – Tennessee County unemployment rates for April 2016 show the rates decreased in 90 counties, increased in two, and remained the same in three counties.
Montgomery County unemployment in April was 4.0 percent down from 4.2 percent in March.
Nashville, TN – Tennessee County unemployment rates for December 2015, released today, show the rates decreased in 43 counties, increased in 35, and remained the same in 17 counties.
Montgomery County’s unemployment rate in December was 5.5 percent, down from November’s rate of 5.7 percent.
Clarksville, TN – Operation Stand Down Tennessee will be hosting a Get A Job Now: Career Empowerment Training Workshop on Thursday, June 4th, 2015 from 9:00am to 12:00pm. The goal of the event is to help those seeking employment identify their perfect career and learn strategies to secure employment.
The event will take place at the Tennessee Career Center in Clarksville – 523 Madison Street, Suite B, Clarksville, TN 37040.
Nashville, TN – Tennessee Labor and Workforce Development Commissioner Burns Phillips announced the Tennessee preliminary unemployment rate for October was 7.1 percent, two tenths of one percentage point lower than the September revised rate of 7.3 percent.
The U.S. preliminary rate for October was 5.8 percent, down from 5.9 percent in September.
Seven percent of Americans still paying off last year’s holiday debt
Yonkers, NY – A majority of Americans say they’re looking forward to the winter holidays with a quarter of respondents “really looking forward” to the season’s greetings, but most don’t plan to break the bank this year, according to Consumer Reports’ first holiday poll.
Consumer Reports’ poll found 62 percent of respondents are excited about the coming of the winter holidays, while only one in 10 of those surveyed have caught the holiday humbug and said they’re not at all energized about this festive time of year. «Read the rest of this article»
Nashville, TN – Tennessee County unemployment rates for October 2014 show the rate decreased in 80 counties, increased in 10 counties, and remained the same in five counties.
Montgomery County’s unemployment rate increased 0.3 percent to 7.0, up from 6.7 in September.
Clarksville, 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.
Clarksville, 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.
Clarksville, 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).
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