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.
Washington, DC, May 4, 2023—"Federal Reserve officials signaled they might be done raising interest rates for now after approving another increase at their meeting that concluded Wednesday,” reports the Wall Street Journal.
Washington, DC, May 4, 2023—The goods and services deficit was $64.2 billion in March, down $6.4 billion from $70.6 billion in February, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.
Waregem, Belgium, May 4, 2023—In April 2023, the U.S. International Trade Commission again ordered to seize and forfeit containers of infringing SPC products, this time imported by a company from Toronto.
Dalton, GA, May 4, 2023-Shaw Industries announces that Annie Cowart has joined the company’s residential division as the vice president of marketing.
Atlanta, GA, May 4, 2023—Windmoeller, inventor of ecuran bio-based polyurethane flooring, announce the appointment of Tim Cole as the director of sustainability and technical services for North America.
Washington, DC, May 4, 2023—Nonfarm business sector labor productivity decreased 2.7% in Q1 2023, the U.S. Bureau of Labor Statistics reported, as output increased 0.2% and hours worked increased 3.0%.
Washington, DC, May 4, 2023—In the week ending April 29, the advance figure for seasonally adjusted initial claims was 242,000, an increase of 13,000 from the previous week's revised level, according to the Deparment of Labor.
Milwaukee, WI, May 3, 2023-Speaking at the kickoff for the National Wood Flooring Association (NWFA) Expo, which runs May 2 to 4, the organization's president and CEO, Michael Martin, reported that roughly 40% of members anticipate an increase in sales this year-led by a contingent forecasting more than 8% growth-while another nearly 40% expect sales to be flat. Only 5% are worried about sales being down significantly, he said.
Roseland, NJ, May 3, 2023—Private sector employment increased by 296,000 jobs in April, and annual pay was up 6.7% year-over-year, according to the April ADP National Employment Report produced by the ADP Research Institute in collaboration with the Stanford Digital Economy Lab.
Jackson, MS, May 3, 2023—The National Tile Contractors Association (NTCA) has announced the winners of its Five-Star Project of the Year Awards, recognizing exceptional work in the tile installation industry.