Initial Jobless Claims Decline

 

Washington, DC, Oct. 21, 2010 -- Initial jobless claims fell 23,000 to 452,000 in the week ended Oct. 16, the U.S. Labor Department reported Thursday.

Economists had expected initial claims to fall to a seasonally adjusted 450,000.

The four-week moving average of new claims, a more accurate gauge of employment trends, fell 4,250 to 458,000. New claims are down from a recent peak of about 500,000 in August.

Continuing claims, those for workers already receiving unemployment checks, dropped 9,000 to 4.44 million in the week ended Oct. 9. 

 


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Washington, DC, Oct. 25, 2010 -- House resales rose again in September, affirming that a sales recovery has begun, according to the National Association of Realtors.

Armstrong Building Ceiling Tile Plant in W. Va.   Full Article
Charleston, WVA, Oct. 25, 2010 -- Armstrong World Industries is investing about $35 million to build a new plant in Jackson for the production of ceiling tiles.

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Harvard Researchers See Big Pick-Up in Remodeling   Full Article
Cambridge, MA, Oct. 22, 2010 -- Spending on home remodeling will increase by double-digits next year, according to a prediction by Harvard University researchers.

DriTac Adhesive Gets CRI Certification   Full Article
Clifton, NJ, Oct. 22, 2010--DriTac Flooring Products said that its DriTac 7700 Easy Clean MS Polymer Wood Flooring Adhesive has been certified by the Carpet and Rug Institute’s (CRI) Green Label Plus Program.

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Philadelphia, PA, Oct. 22, 2010 -- Manufacturing activity in Philadelphia turned positive for the first time in three months in October, according to a report by the Federal Reserve Bank of Philadelphia.

Shaw Names Two Residential Business Executives   Full Article
Dalton, GA, Oct. 22, 2010 -- Shaw Industries has appointed Steve Sieracki to vice president of residential marketing and product management and Kathy Young to director of residential marketing.

U.S. Hardwood Mfgrs Petition Chinese Imports   Full Article
Washington, DC, Oct. 21, 2010 -- U.S. engineered hardwood flooring manufacturers have charged China with unfair trade practices.

Johnson Hardwood Names Schollmeyer CEO   Full Article
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Illinois Rug Cleaning Business on NBC Show   Full Article
Naperville, IL, Oct. 21, 2010 -- Koshgarian Rug Cleaners Inc. of Naperville since 1906, was selected by NBC producers to help with their renovation show, “George to the Rescue,” according to the LisleSun.

Chinese Log Prices Rising on Tight Supply   Full Article
Beijing, China, Oct. 21, 2010 -- Increasing demand for wood raw material from sawmills, plywood plants and pulp mills in China has pushed Chinese domestic log prices higher

Leading Indicators Index Rises in September   Full Article
New York, NY, Oct. 21, 2010 -- The Conference Board's leading economic index rose 0.3% in September.

Merida's Pure Products Get CRI Certification   Full Article
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Viken, Sweden, Oct. 21, 2010 -- Valinge has signed MeisteWerke as a licensee for new powder technology for flooring and wall panels.

USFContract Names Sales and Specs Reps   Full Article
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Peru, IN, Oct. 21, 2010 -- A Canadian company that makes flooring for trucks, trailers and shipping containers plans to start operations at a closed plastics factory in northern Indiana.