Employment in August was little changed for the fourth consecutive month. Canada added 22,000 new positions, up 0.1%. The employment rate declined 0.1 percentage point to 60.8%.
Wood Markets News
Timberlab Plans to Build Its New CLT Facility in Millersburg, OR
Timberlab announced that it plans to build its new state-of-the-art cross-laminated timber (CLT) manufacturing facility in Millersburg, Oregon.
Canadian Sawmill Production Declines in June
Canadian lumber production decreased 10.9% month-over-month to 3,988.5 thousand cubic meters in June. Year-over-year, lumber production was 3.3% higher.
Fannie Mae Releases Q3 Home Price Expectations Survey
Following home price growth of 6.0% in 2023, a panel of housing experts forecasts annual national home price growth of 4.7% in 2024 and 3.1% in 2025, Fannie Mae reported.
US Wood Pellet Exports Increase in July
The US exported 874,596.1 metric tons of wood pellets in June, up from 739,277.2 metric tons in June and from 651,698.8 metric tons in July 2023, a Biomass Magazine review of USDA data shows.
US Mortgage Rates Unchanged in the Week Ending September 5th
The 30-year fixed-rate mortgage averaged 6.35%, unchanged from last week, Freddie Mac reported.
ADP® Reports Private Sector Employment Increased and Compensation Held Steady in August
Private sector employment increased by 99,000 jobs in August. Year-over-year, annual compensation was up 4.8%, unchanged from July.
Private Sector Job Cuts Soar in August
US-based employers announced 75,891 cuts in August, a 193% increase from the 25,885 announced in July, CG&C reported.
US Weekly Initial Jobless Claims Decline in the Week Ending August 31st
The advance figure for seasonally adjusted initial unemployment claims was 227,000, a decrease of 5,000 from the previous week.
Canfor to Close Its Plateau and Fort St. John Sawmills in Northern British Columbia
Canfor announced that following a thorough review of operating conditions, it will be closing its Plateau and Fort St. John operations in northern British Columbia.