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Information Articles for the Clarksville TN and Montgomery County Tennessee area

Clarksville Weekly Market Snapshot from Frazier Allen for the week of June 7th, 2017

June 7, 2017

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – The May Employment Report was generally disappointing. Nonfarm payrolls rose by 138,000 (median forecast: +185,000), while figures for March and April were revised a net 66,000 lower.

Retail payrolls fell for the fourth consecutive month (down more than 80,000 since January, which is more than the total number of coal miners). The unemployment rate dipped to 4.3%, a 16-year low, partly reflecting a sharp drop in the rate for young adults (which could reflect a seasonal adjustment issue, although the trend is clearly lower).

Frazier Allen

Frazier Allen

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