Mohawk to Acquire Vitromex
Calhoun, GA, June 3, 2022-Mohawk has entered into an agreement to purchase the Vitromex ceramic tile business from Grupo Industrial Saltillo (GIS) for approximately $293 million in cash.
Today's Flooring News
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.
May Employment Rose by 390K, Unemployment Rate Steady at 3.6%
Washington, DC, June 3, 2022-Total nonfarm payroll employment rose by 390,000 in May, and the unemployment rate remained at 3.6%, the U.S. Bureau of Labor Statistics reported.
Mats Inc. Rebrands as Matter Surfaces
Stoughton, MA, June 3, 2022—Mats Inc. has rebranded as Matter Surfaces.
Private Sector Employment Added 128,000 Jobs in May
Roseland, NJ, June 2, 2022—Private sector employment increased by 128,000 jobs from April to May, according to the May ADP National Employment Report.
Armstrong Proposes Bonuses to Retain Mid-Level Managers Amid Bankruptcy
Lancaster, PA, June 2, 2022-Armstrong Flooring, which filed for Chapter 11 bankruptcy on May 8, estimated the bonuses to as many as 50 “key personnel” would be an average of $14,900 per person, reports Lancaster Online.
Q1 Productivity Declined 7.3%, Biggest Drop Since 1947
Washington, DC, June 2, 2022—Nonfarm business sector labor productivity decreased 7.3% in Q1 2022, the U.S. Bureau of Labor Statistics reported, as output decreased 2.3% and hours worked increased 5.4%.
Factory Orders Rose 0.3% in April
Washington, DC, June 2, 2022—New orders for manufactured goods in April, up eleven of the last twelve months, increased $1.8 billion or 0.3% to $533.2 billion, the U.S. Census Bureau reported.
IIDA Names 2022 Of The Year and Star Award Winners
Chicago, IL, June 2, 2022—IIDA announced the winners of its annual Of the Year Awards and the Star Award.
Initial Jobless Claims Declined 11K to 200K in Week Ending May 28
Washington, DC, June 2, 2022—In the week ending May 28, the advance figure for seasonally adjusted initial claims was 200,000, a decrease of 11,000 from the previous week's revised level, according to the Department of Labor.
FCIF Hosting One Day to Give Event Today
Dalton, GA, June 2, 2022—The Floor Covering Industry Foundation (FCIF) is holding its One Day to Give campaign today.