| | | Oct 01, 2024 / The Right News Right When It Happens | | Top Story | | | | 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. | | |
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| | 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. | | |
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| | | | 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. | | |
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| | | | 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. | | |
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| | | 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. | | |
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| | | 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. | | |
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| Featured Video | | | | Franco Rossi Discusses California Carpet Recycling Bill AB-863 | | September 30, 2024—Franco Rossi, President of Aquafil USA, and Kemp Harr discuss the AB-863 California carpet recycling bill that was signed by | | |
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