Jobless Claims Drop 19,000
Washington, DC, September 6, 2007—Jobless claims fell 19,000 to 318,000 in the week ending September 2, 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.
Productivity Up 2.6% in 2Q
Washington, DC, September 6, 2007--Productivity in the second quarter expanded at an annual rate of 2.6%, from the previous estimate of 1.8% as labor costs cooled, according to a Labor Department report.
Cavalier Homes Expects 3Q Loss
Addison, AL, September 5, 2007--Manufactured housing maker Cavalier Homes said it no longer expects to post a fiscal third-quarter profit because of revenue and gross margin pressures resulting from tough market conditions.
Hooker Furniture 2Q Earnings Up
Martinsville, VA, September 6, 2007--Hooker Furniture posted higher fiscal second-quarter earnings on improved profit margins and a decrease in selling, administrative and restructuring costs.
Former Feltex Shareholders Seeking Inquiry
Wellington, New Zealand, September 6, 2007--Calls are mounting for an independent investigation into the demise of New Zealand carpetmaker Feltex.
Even Inexpensive Vacuums Can Perform Well
Yonkers, N.Y., August 30, 2007--While vacuum marketers continue to push allergen relief along with the usual cleaning, results from a new Consumer Reports test show that those promises mean less than they suggest.
Shaw’s Nylon 6 Collection Meeting Goals
Dalton, GA, September 4, 2007--Shaw’s nationwide collection network for the reclamation and recycling of post-consumer carpet from nylon 6 has been meeting the company’s goals for supplying its Evergreen Nylon Recycling facility.
Pending Home Sales Plunge 12.2% in July
Washington, DC, September 5, 2007-- Pending home sales fell 12.2% to a reading of 89.9 in July from the June index of 102.4, according to the National Association of Realtors.
Mortgage Industry Woes Boost August Layoffs
Chicago, IL, September 5, 2007—Job cuts announced in August were up 22% from a year earlier, according to a report from Challenger, Gray & Christmas.
ADP Report: Employment May Be Slowing Down
Roseland, NJ, September 5, 2007-- Private sector employment increased by 38,000 in August, according to the ADP National Employment Report.