Job Openings Declined 10.8M in January
Washington, DC, March 8, 2023—The number of job openings decreased to 10.8 million on the last business day of January, the U.S. Bureau of Labor Statistics reported.
Today's Flooring News
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Private Sector Employment Rose by 242,000 Jobs in February
Roseland, NJ, March 8, 2023—Private sector employment increased by 242,000 jobs in February and annual pay was up 7.2% year-over-year, according to the February ADP National Employment Report produced by the ADP Research Institute in collaboration with the Stanford Digital Economy Lab.
Fuse Announces Member and Supplier Award Winners at Memphis Meeting
Memphis, TN, March 7, 2023-Fuse has announced its member and supplier award winners during its meeting in Memphis.
Dodge Momentum Index Advanced 1.9% in February, Driven by Office
Hamilton, NJ, March 7, 2023-The Dodge Momentum Index (DMI), issued by Dodge Construction Network, advanced 1.9% in February to 203.0 from the revised January reading of 199.3. In February, the commercial component of the DMI rose 1.4%, and the institutional component increased 2.9%.
Universal Fibers Launches "You First" Commitment
Bristol, VA, March 7, 2023—Universal Fibers is proud to announce the launch of You First, a global commitment to its customers.
Fuse Meeting Underway Now in Memphis
Memphis, TN, March 6, 2023-The Fuse Commercial Flooring Network meeting is underway now in Memphis, Tennessee at the Peabody Hotel.
Orders for Manufactured Goods Declined 1.6% in January
Washington, DC, March 6, 2023—New orders for manufactured goods in January, down two of the last three months, decreased $8.9 billion or 1.6% to $542.8 billion, the U.S. Census Bureau reported.
NWFA Issues Statement on Hardwood Benefits in Light of Ohio Derailment
St. Louis, MO, March 6, 2023-The National Wood Flooring Association has issued the following statement, “Hardwood industry leaders have issued statements touting the benefits of real wood products over highly processed, wood-look alternatives. The statements come in response to the recent train derailment and chemical spill that took place in East Palestine, Ohio.
Rising Mortgage Rates Are Putting a Chill on the Housing Market
New York, NY, March 6, 2023—Rising mortgage rates are cooling the U.S. housing market, sapping recent buyer interest heading into the crucial spring selling season, reports the Wall Street Journal.
Furniture Manufacturers & Distributor Orders Down 33% in 2022
High Point, NC, March 6, 2023—"Furniture industry consultant Smith Leonard just released a survey of furniture manufacturers and distributors showing new orders in December 2022 were down 31% from December 2021 and down 33% for the year,” reports Furniture Today.