Labor Productivity Rose 3.2% in Q4 2023
Washington, DC, February 1, 2024-Nonfarm business sector labor productivity increased 3.2% in Q4 2023, the U.S. Bureau of Labor Statistics reported, as output increased 3.7% and hours worked increased 0.4%.
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.
Purchasing Managers' Index Rose to 49.1% in January
Tempe, AZ, February 1, 2024-The Manufacturing Purchasing Managers’ Index (PMI) registered 49.1% in January, up two percentage points from the seasonally adjusted 47.1% recorded in December.
Initial Jobless Claims Rose by 9,000 in Week Ending January 27
Washington, DC, February 1, 2024-In the week ending January 27, the advance figure for seasonally adjusted initial claims was 224,000, an increase of 9,000 from the previous week's revised level, according to the Department of Labor.
Hume Named Director of Healthcare, Eastern for Spartan Surface
Bel Air, MD, February 1, 2024-Spartan Surfaces, a commercial flooring provider, welcomes Tom Hume as director of healthcare for the Eastern region.
Iris Ceramica Aligns Global Brands in U.S. as Stonepeak Celebrates 20 Years in TN
Chicago, January 22, 2024— Iris Ceramica Group—owner of brands Fiandre, Ariostea, FMG, Sapienstone, Iris Ceramica, and Porcelain Gres—will form a unified, nationwide entity for its U.S. divisions: ICG Italia.
Inaugural Flooring Sustainability Summit Slated for July in DC
Arlington, VA, January 31, 2024—Flooring industry leaders have announced the first-of-its-kind inaugural Flooring Sustainability Summit on July 17 and 18 in Washington, D.C.
Mortgage Applications Declined 7.2% in Week Ending January 26
Washington, DC, January 31, 2024—Mortgage applications decreased 7.2% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 26, 2024.
Las Vegas Market Showcases Area Rug Trends
Las Vegas, NV, January 31, 2024-Known as the West Coast’s largest buying event for home-related goods and gifts, the Las Vegas Market features a number of well-known rug brands, including Loloi, Nourison and Unique Loom.
Construction Worker Shortage Estimated at 501,000
Washington, DC, January 31, 2024—The construction industry will need to attract an estimated 501,000 additional workers on top of the normal pace of hiring in 2024 to meet the demand for labor, according to a proprietary model developed by Associated Builders and Contractors.
Private Sector Employment Rose by 107,000 in January
Roseland, NJ, January 31, 2024—Private sector employment increased by 107,000 jobs in January, and annual pay was up 5.2% year-over-year, according to the January ADP National Employment Report produced by the ADP Research Institute in collaboration with the Stanford Digital Economy Lab.