August 1, 2014
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Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
Mohawk Reports Higher Earnings, Sales in Q2
Calhoun, GA, July 31, 2014 -- Mohawk Industries reported second quarter net earnings of $153 million and earnings per share of $2.08 on net sales of $2.05 billion.
Economy Adds 209K Jobs, Unemployment Edges Up
Washington, DC, Aug. 1, 2014 -- The economy added 209,000 jobs in July, the Labor Department said.
Manufacturing Expands at Faster Pace
Tempe, AZ, Aug. 1, 2014 -- U.S. manufacturing expanded at its fastest rate since April 2011, according to the Institute for Supply Management.
Consumer Sentiment Ticks Down in July
Ann Arbor, MI, Aug. 1, 2014 -- The Thomson Reuters/University of Michigan final reading of consumer sentiment for July edged down to 81.8 from 82.5 in June.
Construction Spending Falls on Commercial Weakness
Washington, DC, Aug. 1, 2014 -- Construction spending fell by 1.8% in June, mostly due to lower spending on commercial projects, according to the Commerce Department.
Personal Spending, Income Rise in June
Washington, DC, Aug. 1, 2014 -- Consumer spending increased modestly in June, according to Commerce Department statistics.
Planned Job Cuts Grow Due To Tech Layoffs
Chicago, IL, July 31, 2014 -- Announced job cuts by U.S. employers in July totaled 46,887, according to outplacement firm Challenger, Gray & Christmas.
Unemployment Claims Rise Last Week
Washington, DC, July 31, 2014 -- Initial jobless claims jumped last week after falling to a 14-year low the week before.
NAHB Announces Green Awards Program
Washington, DC, July 31 -- The National Association of Home Builders has announced its new integrated Green Awards program.
Chicago Area Manufacturing Expands at Slower Rate
Chicago, IL, July 31, 2014 -- The Chicago Purchasing Managers Index fell sharply in July to its lowest level in more than a year.
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