Floordaily

Nov 02, 2023 / The Right News Right When It Happens

Top Story

Fed Extends Rate Hike Pause

Washington, DC, November 2, 2023—"Federal Reserve Chair Jerome Powell hinted the central bank might be done raising interest rates for now but was careful not to rule out another increase after officials extended a pause in hikes,” reports the Wall Street Journal.

Today's Flooring News

Shaw's Baucom and Bell Named to Georgia 500 List

Dalton, GA, November 2, 2023-Shaw Industries announces the inclusion of president and CEO Tim Baucom and Vance Bell, former CEO and current chairman of the board, in Georgia Trend magazine's Georgia 500 list.

Schönox Presents Two Smooth Performer Awards

Charleston, SC, November 2, 2023—Schönox HPS North America presented William M. Bird and East Bay Supply Company, both members of the Southern Diversified Distributors family of companies, with the Schönox Smooth Performer Award.

Labor Productivity Rose 4.7% in Q3

Washington, DC, November 2, 2023-Nonfarm business sector labor productivity increased 4.7% in Q3 2023, the U.S. Bureau of Labor Statistics reported, as output increased 5.9% and hours worked increased 1.1%.

Inside Edge Named to Minneapolis St. Paul Fast 50 List

Eagan, MN, November 2, 2023—Inside Edge Commercial Interior Services announced its recognition as ranking fifth on the Fast 50 List by the Minneapolis St. Paul Business Journal for 2023.

Mid Atlantic Floor Covering Assoc. Names Winners of 2023 Golf Event

Fredericksburg, VA, November 2, 2023—Mid Atlantic Floor Covering Association announced the winners of its tournament, held October 26 at the Whiskey Creek Golf Club in Ijamsville, Maryland.

Orders for Manufactured Goods Rose 2.8% in September

Washington, DC, November 2, 2023—New orders for manufactured goods in September, up six of the last seven months, increased $16.1 billion or 2.8% to $601.5 billion, the U.S. Census Bureau reported.

Initial Jobless Claims Rose by 5,000 in Week Ending October 28

Washington, DC, November 2, 2023—In the week ending October 28, the advance figure for seasonally adjusted initial claims was 217,000, an increase of 5,000 from the previous week's revised level, according to the Department of Labor.