Service Sector Continues Expansion in December
Washington, DC, Jan. 6, 2011 -- The service sector hit its highest level in more than four years in December, according to the Institute for Supply Management.
Today's Flooring News
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Initial Jobless Claims Up More Than Expected
Washington, DC, Jan. 6, 2011 -- Initial jobless claims rose last week by 18,000 to 409,000, the Labor Department reported Thursday.
Retailers Reporting Surprisingly Weak December
New York, NY, Jan. 6, 2011 -- Retail sales in December were surprisingly weak after a strong November, merchants are reporting.
Illegal Immigrant Labor Hurts CA Flooring Business
Los Angeles, CA, Jan. 6, 2010 -- A Costa Mesa flooring contractor is finding it difficult to compete with contractors who hire illegal immigrants.
Private Sector Employment Rises Sharply
Roseland, NJ, Jan. 5, 2010 -- Private sector employment rose by 297,000 from November to December, according to the ADP Employment Report for December.
Karastan First To Earn Wool Air Certification
Dalton, GA, Jan. 5, 2011 -- Karastan said it has become the first company to carry the Wool: Clean Air Certified label on all of its wool carpets and rugs, a program managed by Wools of New Zealand.
Job Cuts in 2010 Lowest in 13 Years
Chicago, IL, Jan. 5, 2011 -- In one good sign for the employment market, 2010 was the lowest year for job cuts in 13 years, according to outplacement consulting firm Challenger, Gray & Christmas.
Consumer Spending Rose During December
New York, NY, Jan. 5, 2011 -- Americans' spending picked up momentum in December, according to MasterCard Advisors' SpendingPulse.
Fed Plans To Stay The Course With Easing
Washington, DC, Jan. 5, 2011 -- The Federal Reserve isn't likely to adjust its $600 billion bond-buying plan, according to minutes from the last Federal Open Market Committee meeting.
Milliken Dies Before Inheritance Tax Takes Effect
Spartanburg, SC, Jan. 5, 2011 -- Roger Milliken died two days before new estate tax rates took effect, saving his heirs a substantial amount of money, according to a Bloomberg News story.