Baby Boomers Are Fueling the Economy
New York, NY, July 8, 2024—Baby Boomers are driving the economy, reports the Wall Street Journal.
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.
LL Flooring Considers Chapter 11 Filing
New York, NY, July 5, 2024-"LL Flooring Holdings Inc. is considering filing for Chapter 11 bankruptcy, according to people with knowledge of the matter, who asked not to be named discussing private deliberations,” reports Yahoo Finance.
Shaw Shifting Jobs from Irmo to Aiken to Consolidate Fiber Production
Irmo, SC, July 5, 2024-Shaw will lay off 203 people in the next 60 days at it Irmo, South Carolina production facility as the company transitions production to another site in South Carolina, reports News19.
June Employment Rose by 206K Jobs, Unemployment at 4.1%
Washington, DC, July 5, 2024-Total nonfarm payroll employment increased by 206,000 in June, and the unemployment rate changed little at 4.1%, the U.S. Bureau of Labor Statistics reported today.
AFT Announces First Woven Fiber Certification Class
Rockwall, TX, July 5, 2024—Advanced Flooring Technology (AFT) has announced the addition of its first woven natural fiber certification class to be held at its Wichita, Kansas facility, August 13 to 15.
Hymmen to Attend IWF Trade Show
Bielefeld, DE, July 5, 2024—Hymmen will attend the International Woodworking Fair (IWF) in Atlanta, Georgia, August 6 to 9.
Trade Deficit Widened by $0.6 Billion in May
Washington, DC, July 3, 2024—The goods and services deficit was $75.1 billion in May, up $0.6 billion from $74.5 billion in April, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.
Initial Jobless Claims Rose by 4,000 in Week Ending June 29
Washington, DC, July 3, 2024—In the week ending June 29, the advance figure for seasonally adjusted initial claims was 238,000, an increase of 4,000 from the previous week's revised level, according to the Department of Labor.
Construction Job Openings Rose by 2,000 in May
Washington, DC, July 3, 2024—The construction industry had 339,000 job openings on the last day of May, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey.
Orders for Manufactured Goods Declined 0.5% in May
Washington, DC, July 3, 2024—New orders for manufactured goods in May, down following three consecutive monthly increases, decreased $3.0 billion or 0.5% to $583.1 billion, the U.S. Census Bureau reported. This followed a 0.4% April increase.