Initial Jobless Claims Rise More Than Forecast
Washington, DC, Sept. 4, 2008--Initial jobless claims for unemployment insurance climbed more than forecast, and benefit rolls reached a five-year high, according to the Labor Department.
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.
Higher Productivity, Lower Wages Reported in Q2
Washington, DC, Sept. 4, 2008--Productivity climbed in the spring while labor costs declined, the Commerce Department said. That could indicate that inflation is moderating.
LEED for Existing Buildings Guide Available
Washington, DC, Sept. 4, 2008--LEED for Existing Buildings: Operations & Maintenance Reference Guide is now available for purchase at the U.S. Green Building Council store.
Service Sector Grows Unexpectely in July
Washington, DC, Sept. 4, 2008--The Institute for Supply Managed said that the U.S. service sector grew unexpectedly in July for the first time in three months as new orders increased and inflation moderated.
Job Cuts Surge 12 Percent Over Last Year
Chicago, IL, Sept. 3, 2008--U.S. job cuts spiked 12 percent last month from a year earlier on rising layoffs at automakers and in government, according to outplacement firm Challenger, Gray & Christmas Inc.
Home Depot CEO Says Housing Decline Near End
Atlanta, GA, Sept. 4, 2008--Home Depot Inc's chief executive said said he sees light at the end of a long tunnel for the housing market.
Intertech Flooring Named to Inc. 5000 List
Austin, TX, Sept. 4, 2008--Commercial flooring specialist Intertech Flooring was named to the Inc. 5000 list in August, based on the company's impressive 102.8 percent three-year growth from 2004 to 2007.
ADP Report Confirms Weak Employment Conditions
Roseland, NJ, Sept. 4, 2008--U.S. firms cut an estimated 33,000 jobs in August, according to a private report from ADP Employer Services.
Court Rules Mohawk Must Turn Over Information
Atlanta, GA, Sept. 3, 2008--Lawyers for Mohawk Industries Inc. must give a former employee information they had argued was protected by attorney-client privilege, the 11th Circuit Court of Appeals has ruled, according to Law.com.
Mortgage Application Volume Up on Home Purchases
Washington, DC, Sept. 3, 2008--Mortgage application volume rose 7.5 percent last week, as more home buyers sought financing, according to the Mortgage Bankers Association.