Private Sector Employment Added 128,000 Jobs in May
Roseland, NJ, June 2, 2022—Private sector employment increased by 128,000 jobs from April to May, according to the May ADP National Employment Report.
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.
Armstrong Proposes Bonuses to Retain Mid-Level Managers Amid Bankruptcy
Lancaster, PA, June 2, 2022-Armstrong Flooring, which filed for Chapter 11 bankruptcy on May 8, estimated the bonuses to as many as 50 “key personnel” would be an average of $14,900 per person, reports Lancaster Online.
Q1 Productivity Declined 7.3%, Biggest Drop Since 1947
Washington, DC, June 2, 2022—Nonfarm business sector labor productivity decreased 7.3% in Q1 2022, the U.S. Bureau of Labor Statistics reported, as output decreased 2.3% and hours worked increased 5.4%.
Factory Orders Rose 0.3% in April
Washington, DC, June 2, 2022—New orders for manufactured goods in April, up eleven of the last twelve months, increased $1.8 billion or 0.3% to $533.2 billion, the U.S. Census Bureau reported.
IIDA Names 2022 Of The Year and Star Award Winners
Chicago, IL, June 2, 2022—IIDA announced the winners of its annual Of the Year Awards and the Star Award.
Initial Jobless Claims Declined 11K to 200K in Week Ending May 28
Washington, DC, June 2, 2022—In the week ending May 28, the advance figure for seasonally adjusted initial claims was 200,000, a decrease of 11,000 from the previous week's revised level, according to the Department of Labor.
FCIF Hosting One Day to Give Event Today
Dalton, GA, June 2, 2022—The Floor Covering Industry Foundation (FCIF) is holding its One Day to Give campaign today.
Conley Retiring as CEO of High Point Market, Nagem Succeeding Him
Winston-Salem, NC, June 2, 2022- After 11 years as president and chief executive of High Point Market Authority, Tom Conley will retire at the end of the year, reports Winston-Salem Journal.
European Patent Office Grants Unilin A Win in Digital Printing Patent
Waregem, Belgium, June 2, 2022-Unilin Technologies won the opposition against its digital printing technology patent EP2132043.
Court Approves Stalking Horse Agreement in Armstrong Bankruptcy
Lancaster, PA, June 1, 2022- On May 31, the bankruptcy court for the district of Delaware approved the company’s entry into a stalking horse agreement.