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.
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.
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.
Tile Contractors Association Elects New President
Jackson, MS, Jan. 5, 2011 -- The National Tile Contractors Association elected Nyle Wadford of Neuse Tile as its new president for the 2010-2012 term.