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

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Construction Spending Inched Down in August

Washington, DC, October 1, 2024—Construction spending during August 2024 was estimated at a seasonally adjusted annual rate of $2,131.9 billion, 0.1% below the revised July estimate of $2,133.9 billion, according to the U.S. Census Bureau.

Today's Flooring News

Fed Signals Two Quarter-Point Rate Cuts by End of Year

New York, NY, October 1, 2024-"Federal Reserve chair Jerome Powell said officials would continue to reduce interest rates from a two-decade high to maintain solid economic growth, but they didn’t currently see a reason to lower rates as aggressively as they did at their most recent meeting,” reports the Wall Street Journal.

Dockworker Strike Underway, Impacting 36 Major Ports

New York, NY, October 1, 2024-"Dockworkers from Maine to Texas have begun a strike, affecting 36 major ports,” reports the Associated Press. “This labor action is the first of its kind since 1977.

Purchasing Managers' Index Held Steady in September

Tempe, AZ, October 1, 2024—The Manufacturing Purchasing Managers’ Index (PMI) registered 47.2% in September, matching the figure recorded in August, say the nation's supply executives in the latest Manufacturing ISM Report On Business.

Job Openings Flat at Eight Million in August

Washington, DC, October 1, 2024—The number of job openings was little changed at 8.0 million on the last business day of August, the U.S. Bureau of Labor Statistics reported.

TCAA Names Lucinda Noel Winner of 2024 Cesery Award Winner

Strongsville, OH, October 1, 2024-The Tile Contractors’ Association of America (TCAA) has announced Lucinda Noel as the 2024 Carl V. Cesery Award Winner.