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May 04, 2023 / The Right News Right When It Happens

Top Story

Coverings 2023 Attendance Rose 50% YOY

Arlington, VA, May 3, 2023––Organizers of Coverings, the largest international ceramic tile and natural stone event in North America, have announced that Coverings 2023 exceeded expectations with a vigorous 50% year-over-year increase in attendance, totaling nearly 27,000 eventgoers who gathered April 18 to 21 at the Orange County Convention Center, in Orlando, Florida.

Today's Flooring News

Fed Raises Interest Rates to 16-Year High

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.

Trade Deficit Narrowed by $6.4B in March

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.

USTC Seizes SPC for Unilin Patent Infringement

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.

Shaw Names Annie Cowart VP of Residential Marketing

Dalton, GA, May 4, 2023-Shaw Industries announces that Annie Cowart has joined the company’s residential division as the vice president of marketing.

Windmoeller Names Cole Director of Sustainability & Tech Services

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.

Labor Productivity Declined 2.7% in Q1

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%.

Initial Jobless Claims Rose by 13,000 in Week Ending April 29

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.