Employment Rose by 528,000 in July
Washington, DC, August 5, 2022- Total nonfarm payroll employment rose by 528,000 in July, and the unemployment rate edged down to 3.5%, 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.
Home Prices Being Cut as Housing Market Cools
New York, NY, August 5, 2022—"There are a lot of unhappy people in the housing market right now. Among the most miserable are sellers realizing they have listed their properties too late," reports the Wall Street Journal.
Spaces4Learning Magazine Names 2022 Flooring Award Winners
Dallas, TX, August 5, 2022 – Spaces4Learning has announced the winners of its 2022 New Product Awards.
America's Floor Source Acquires Reliant Flooring Solutions
Columbus, OH, August 4, 2022-America’s Floor Source is acquiring Reliant Flooring Solutions, reports Columbus Business First.
Mohawk Closing Bennettsville, SC Carpet Yarn Factory
Calhoun, GA, August 4, 2022-Mohawk Industries will transition its Bennettsville, South Carolina yarn conversion and extrusion operations to manufacturing facilities in northwest Georgia.
Mortgage Rates Drop Below 5% for First Time Since April
New York, NY, August 4, 2022—Mortgage rates dropped to their lowest level since April, offering a reprieve to prospective homebuyers who have been hit this year with higher rates and surging prices, according to the Wall Street Journal.
Goods & Services Deficit Declined to $79.6B in June
Washington, DC, August 4, 2022—The goods and services deficit was $79.6 billion in June, down $5.3 billion from $84.9 billion in May, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.
Initial Jobless Claims Rose by 6,000 in Week Ending July 30
Washington, DC, August 4, 2022—In the week ending July 30, the advance figure for seasonally adjusted initial claims was 260,000, an increase of 6,000 from the previous week's revised level, according to the Department of Labor.
Lumber Liquidators Q2 Sales Inch Down, Income Declines More
Richmond, VA, August 3, 2022-Lumber Liquidators has reported Q2 2022 net sales of $299 million, a 0.8% decline from Q2 2021’s $301 million.
Orders for Manufactured Goods Rose 2.0% in June
Washington, DC, August 3, 2022—New orders for manufactured goods in June, up thirteen of the last fourteen months, increased $10.8 billion or 2.0% to $555.2 billion, the U.S. Census Bureau reported. This followed a 1.8% May increase.