Private sector employment increased by 146,000 jobs in November, ADP reported. Year-Over-Year, annual compensation was up 4.8%.
Wood Markets News
West Fraser to Close One of Its Quesnel, BC, Sawmills for Seven Days
West Fraser will close one of its four facilities in Quesnel, BC, for seven days in the last two weeks of the year, The Quesnel Cariboo Observer reported.
Tolko Announces Temporary Layoffs at Both of Its Williams Lake, BC, Locations
Tolko informed some employees at its Williams Lake, BC, locations that they would be temporarily laid off, the Comox Valley Record reported.
Demand in the Construction Labor Market Continues to Weaken in October
The count of open construction sector jobs trended lower, the BLS and NAHB reported.
Kronospan Opens New OSB Production Line in Ukraine
Kronospan has launched a new OSB production line in the Rivne region.
US Job Openings and Labor Turnover Summary for October
As of the last business day in October, the number of job openings was 7.7 million. Year-over-year, the measure was down 941,000.
US Private Residential Spending Rises 1.5% in October
Private residential construction spending increased 1.5% in October, the Census Bureau and NAHB reported.
US Construction Spending Increases 0.4% in October
Total construction spending during October was estimated at a seasonally adjusted rate of $2,174.0 billion, 0.4% above the revised September estimate.
Greystar Debuts Its First Modular US Apartment Project in Coraopolis, PA
Greystar is preparing to open its first multifamily project built with modular structural pieces completed in its Pennsylvania-based factory, CoStar News reported.
Carbon RX Announces Partnership With the Pimicikamak Cree Nation
Carbon RX is partnering with the Pimicikamak Cree Nation to assist in forest management and preservation of 3 million acres of First Nation lands in Manitoba.