Clarksville Weekly Market Snapshot from Frazier Allen for the week of September 8th, 2013
Clarksville, TN – The economic data were mixed, but mostly on the strong side of expectations. The ISM’s two monthly surveys surprised to the upside. Motor vehicle sales advanced
However, the August Employment Report disappointed. Nonfarm payrolls rose by 169,000 (vs. a median forecast of +180,000 and expectations of an upside surprise). Figures for June and July were revised a net 74,000 lower (July went from +162,000 to +104,000).
Manufacturing rose by 6,000. Construction was flat. Retail added 44,000. The unemployment rate fell to 7.3%, but that was due to lower labor force participation (the lowest since May 1978).
Frazier Allen
Clarksville Area Chamber of Commerce events for September, 2013
Clarksville, TN – The Clarksville Area Chamber of Commerce announces upcoming events during the month of September.
On September 14th at 8:00am, the Clarksville Young Professionals will be hosting their annual Give A Kick Kickball Tournament at the Swan Lake Sports Complex, 2002 Sanders Road. Reservations for teams are still being accepted and all proceeds will benefit Imagination Library. [Read more]
Clarksville Weekly Market Snapshot from Frazier Allen for the week of September 1st, 2013
Clarksville, TN – The economic data were consistent with a slowing in the rate of overall growth in July.
The estimate of second quarter growth was revised higher (to a 2.5% annual rate, vs. +1.7% in the advance estimate), but that was almost entirely due to a smaller-than-expected trade deficit (the estimate of consumer spending growth was the same and the estimate of business fixed investment was only slightly different).
Personal income and spending figures showed a poor start for the consumer in 3Q13. Durable goods orders tanked in July, reflecting a drop in aircraft orders (which were strong in May and June). However, ex-transportation orders still disappointed.
Frazier Allen
Clarksville Job Fair to support Montgomery County Friends of the Shelter
Clarksville, TN – Convenient Car Care, Inc., a Clarksville based automotive company, is hosting a job fair at the Valvoline Instant Oil Change on Tuesday September 3rd, from 10:00am-3:00pm, and company officials indicate they will use the event to raise money and awareness for the Montgomery County Friends of the Shelter.
“We support the Montgomery County Friends of the Shelter, and want to support them in any way we possibly can,” said Candace Ursery, VP of Convenient Car Care. “Not only will we be hiring new members for our team, but we will be raising money and collecting bags of dog food for the Friends of the Shelter on September 3rd” Ursery said.
Valvoline Instant Oil Change-Madison Street Clarksville
Clarksville Weekly Market Snapshot from Frazier Allen for the week of August 25th, 2013
Clarksville, TN – Fed tapering concerns continued to dominate the stock market action. The minutes of the July 30th-31st Federal Open Market Committee meeting provided little clarification.
Officials noted that the unemployment rate had fallen “considerably” since last fall (when QE3 began), with “solid” gains in nonfarm payrolls in recent months, but other measures of labor force utilization suggested “more modest” improvement.
From the minutes: “A few members emphasized the importance of being patient and evaluating additional information on the economy before deciding on any changes to the pace of asset purchases. At the same time, a few others pointed to the contingent plan that had been articulated on behalf of the Committee the previous month, and suggested that it might soon be time to slow somewhat the pace of purchases as outlined in that plan.”
Frazier Allen
Tilted Kilt Pub & Eatery Raises over $65,000 for the Folds of Honor Foundation
Tempe, AZ – Tilted Kilt Pub & Eatery raised $65,706 for Folds of Honor, which provides educational scholarships for dependents and families of fallen or disabled service members.
Tilted Kilt raised the funds during a six-week period as part of its third annual “Here’s to The Heroes” promotion at all of its restaurants across the country. Customers had the option of donating an additional $1.00 or $5.00 to have their name written on customized paper dog tags displayed on restaurant walls.
Tilted Kilt Officials Make Presentation to Folds of Honor – (Tim Hacker – East Valley Tribune)
Clarksville Company to host Job Fair September 3rd
Clarksville, TN – Convenient Car Care Inc. of Clarksville has announced they will be hosting a Job Fair on Tuesday, September 3rd at their Valvoline Instant Oil Change, 1869 Madison Street, located next to the Goodyear Tire and Service Center.
They are looking to hire fifteen new employees to work within their company. No experience is necessary and job training will be provided.
“We’re excited about the growth of our company, and we need to expand our workforce, so we decided to host a job fair to try and find the right people to work with us,” according to Doug Wall, President of Convenient Car Care Inc.. “No experience is necessary, we provide training, so if you’re looking for a job, or would like to join our team, we would love to meet you on September 3rd.” [Read more]
Clarksville based Convenient Care Inc. expands into Kentucky
Clarksville, TN – Clarksville based Convenient Car Care Inc. recently completed it’s acquisition of several Kentucky franchises, expanding it’s number of operating Valvoline Instant Oil Change facilities to 16 in the Tennessee and Kentucky region. The company finalized the purchase of three Valvoline franchises in Owensboro KY in the spring of 2013.
“We’re excited about Owensboro, and look forward to being a part of that community,” said Candace Ursery, Vice-President of Convenient Car Care Inc. “We’re pleased to be in Owensboro, where we have a great group of employees working with awesome customers in that community.” [Read more]
Clarksville Weekly Market Snapshot from Frazier Allen for the week of August 20th, 2013
Clarksville, TN – Fed tapering concerns continued to weigh against the stock market and helped push long-term interest rate higher. There’s a growing consensus that we will see some reduction in the rate of asset purchases announced next month, but the first move may be a small one, as a compromise among divided Fed officials and as a means of testing market reactions to tapering.
The market reaction to the tapering talk is still a puzzle. Tapering is not tightening and the Fed will continue to support the recovery through its guidance on short-term interest rates. However, long-term interest rates are normally going to rise as an economic recovery progresses.
Frazier Allen
First Advantage Bank names Scott Gupton Senior Vice President of Operations
Clarksville, TN – First Advantage Bank has welcomed Scott Gupton as Senior Vice President of Operations.
The 20-year banking veteran will manage the overall operations, technology and security at the bank’s corporate headquarters and seven locations in the mid-state, reporting to CFO Jerry Cooksey.
Scott Gupton
