Unemployment Ticks Up Again in September
Washington, DC, Oct. 2, 2009--The U.S. employment rolls weakened in September as 263,000 payroll jobs were lost and the unemployment rate rose to a 26-year high of 9.8%, the Labor Department 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.
New Factory Orders Down in August
Washington, DC, Oct. 2, 2009--New orders to U.S. factories fell in August by the largest amount in five months, according to the Commerce Department.
Mixed Economic Signals Growing More Positive
Washington, DC, Oct. 1, 2009--Consumer spending, which accounts for about 70 percent of economic activity, is showing signs of life as the economy transitions from recession to recovery.
Mohawk Stock Downgraded to Neutral
New York, NY, Oct. 1, 2009--Mohawk Industries Inc. stock was downgraded at SunTrust from Buy to Neutral.
Construction Spending Surges in August
Washington, DC, Oct. 1, 2009--Construction spending in the U.S. unexpectedly rose at its fastest pace in nearly a year in August.
IMF Sees Faster World Economic Recovery
Washington, DC, Oct. 1, 2009--The global economy is recovering faster than expected, according to the International Monetary Fund.
August Pending Home Sales Higher Than Expected
Washington, DC, Oct. 1, 2009--Pending home sales in the U.S. increased more than forecast in August, reinforcing signs of a rebound in housing, industry figures showed today.
Online Job Advertising Fell in September
New York, NY, Oct. 1, 2009--Online advertised vacancies declined by 101,800 to 3,363,000 in September, according to The Conference Board Help-Wanted OnLine Data Series.
Personal Spending, Income, Up in August
Washington, DC, Oct. 1, 2009--Personal spending increased 1.3% in August, the largest monthly increase since October 2001, while income rose by 0.2%.
Private Sector Job Cuts Lowest in 14 Months
Washington, DC, Sept. 30, 2009--Private-sector firms in the U.S. cut 254,000 jobs in September, according to the ADP employment report.