Unemployment Declined to 13.3% in May as U.S. Added 2.5M Jobs
Washington, DC, June 4, 2020-Total nonfarm payroll employment rose by 2.5 million in May, and the unemployment rate declined to 13.3%, the U.S. Bureau of Labor Statistics reported.
Today's Flooring News
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Chinese Plywood Exports Down 85% YOY in Q1
Sterling, VA, June 5, 2020-China customs reports that the country's exports of plywood in Q1 2020 were 1.85 million cubic meters, plunging 85% versus one year ago, reports the Decorative Hardwoods Association.
Horizon Forest Products to Distribute Chemcraft Coatings
Raleigh, NC, June 5, 2020—Horizon Forest Products will now distribute AkzoNobel’s Chemcraft brand of industrial wood coatings.
Ken Jackson Retiring as CFO of Shaw, Jim Kirkpatrick Named to Role
Dalton, GA, June 4, 2020-Shaw Industries Group, Inc. (Shaw) announces the retirement of Ken Jackson, chief financial officer (CFO), effective July 1.
CCA Global Kicking Off Month-Long Virtual Convention
Manchester, NH, June 3, 2020-CCA Global Partners kicked off a month-long experience for members of Carpet One Floor & Home, ProSource, Flooring America/Flooring Canada, The Floor Trader and International Design Guild.
FloorTek 2020 Cancelled
Dalton, GA, June 4, 2020—AFA has announced the cancellation of the FloorTek Expo 2020, which was scheduled for September 29 and 30 in Dalton, Georgia.
Productivity Slid 0.9% in Q1
Washington, DC, June 4, 2020—Nonfarm business sector labor productivity decreased 0.9% in Q1 2020, the U.S. Bureau of Labor Statistics reported, as output decreased 6.5% and hours worked decreased 5.6%.
Unemployment Claims Rose by 1.8M Last Week
Washington, DC, June 4, 2020—In the week ending May 30, the advance figure for seasonally adjusted initial claims was 1,877,000, a decrease of 249,000 from the previous week's revised level, reports the Department of Labor.
Starnet Announces Winners of 22nd Annual Design Awards
Columbus, OH, June 3, 2020-Starnet Commercial Flooring has announced the winners of the 22nd Annual Starnet Design Awards.
Orders for Manufactured Goods Slid 13% in April
Washington, DC, June 3, 2020-New orders for manufactured goods in April, down three of the last four months, decreased $57.5 billion or 13.0% to $384.3 billion, the U.S. Census Bureau reported. This followed an 11.0% March decrease.