Unemployment Held Steady at 3.7% in July
Washington, DC, August 2, 2019-Total nonfarm payroll employment rose by 164,000 in July, and the unemployment rate was unchanged at 3.7%, the U.S. Bureau of Labor Statistics reported.
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.
NTCA Holds Annual Meeting in Montreal
Flowood, MS, August 2, 2019-The National Tile Contractors Association (NTCA) hosted its 2019 NTCA Five-Star Contractor Annual Summer Meeting in Montreal, Canada.
Kilbride Confirmed to Tennessee Valley Authority Board
Chattanooga, TN, August 2, 2019-The Senate has confirmed Bill Kilbride to the Tennessee Valley Authority Board, reports the Chattanooga Times Free Press.
Federal Reserve Cuts Rates for the First Time Since 2008
Washington, DC, August 1, 2019—The Federal Reserve released the following statement about its decision to cut rates by 0.25% for the first time since 2008,
Construction Spending Down 1.3% in June
Washington, DC, August 1, 2019—Construction spending during June 2019 was estimated at a seasonally adjusted annual rate of $1,287.0 billion, 1.3% below the revised May estimate of $1,303.4 billion, according to the U.S. Census Bureau.
Shaw Releases 2018 Sustainability Report
Dalton, GA, August 1, 2019—Shaw has released its 2018 sustainability report. The report emphasizes the company’s efforts to sustain[HUMAN]ability, an endeavor to put people at the heart of its sustainability efforts—addressing planetary health and human experience at the same time.
Q2 Hotel Construction Pipeline Neared All-Time High Rates
Portsmouth, NH, August 1, 2019—Analysts at Lodging Econometrics (LE) reported for the second quarter of 2019, the total U.S. construction pipeline climbed to 5,653 projects/693,207 rooms, up 6% by projects and 9% by rooms year-over-year (YOY).
Purchasing Managers' Index Marked Slight Decrease in June
Tempe, AZ, August 1, 2019—The June Purchasing Managers’ Index registered 51.7%, a decrease of 0.4 percentage point from the May reading of 52.1%, according to the ISM Report on Business.
FCICA Announces Executive Board Members
West Bloomfield, MI, August 1, 2019--FCICA, the Flooring Contractors Association, announced the members of it executive board.
CFL North America Named Steve Kramer Director of Sales, Distrib.
Jiaxing, China, August 1, 2019—CFL North America has promoted Steve Kramer to director of sales, distribution.