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Feb 01, 2024 / The Right News Right When It Happens

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Construction Spending Rose 0.9% in December 2023

Washington, DC, February 1, 2024-Construction spending during December 2023 was estimated at a seasonally adjusted annual rate of $2,096.0 billion, 0.9% above the revised November estimate of $2,078.3 billion, according to the U.S. Census Bureau.

Today's Flooring News

Fed Still Debating Timing on Rate Cuts

New York, NY, February 1, 2024-"The Federal Reserve signaled it was thinking about when to lower interest rates but hinted a cut wasn’t imminent when it held rates steady at its first policy meeting of the year on Wednesday,” reports the Wall Street Journal.

Mohawk Earns Platinum-Level Sustainability Cert. from NALFA

Washington, DC, February 1, 2024-NALFA has announced that Mohawk Industries has achieved Platinum Level LF-02 Sustainability Certification.

Registration Opens for 2024 NWFA Convention in New Orleans

St. Charles, MO, February 1, 2024—The National Wood Flooring Association (NWFA) has announced that registration is now open for the 2024 Wood Flooring Expo, which will be held from April 16 to 18 in New Orleans, Louisiana at the New Orleans Ernest N. Morial Convention Center.

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%.

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.