The advance figure for seasonally adjusted initial unemployment claims was 221,000, an increase of 9,000.
Wood Markets News
University of Michigan Starts Construction on New Mass Timber College of Pharmacy Building
The University of Michigan has commenced construction on its new mass timber College of Pharmacy building, The University Record reported.
Private Sector Job Cuts Continue to Climb Higher in March
US-based employers announced 90,309 job cuts in March, up 7% from the 84,638 cuts announced in February, Challenger, Gray & Christmas, Inc. reported.
Canadian Lumber Production and Shipments Up Month-Over-Month and Year-Over-Year in January
Canadian lumber production increased 16.4% month-over-month to 3,996.3 thousand cubic meters in January.
West Fraser and Mercer Announce Agreement to Dissolve Cariboo Pulp and Paper Joint Venture
West Fraser and Mercer jointly announced an agreement to dissolve their 50/50 joint venture in Cariboo Pulp and Paper.
West Fraser Updating Its Williams Lake, BC, Plywood Mill With New Dryer
West Fraser’s new wood veneer dryer has arrived at its Williams Lake, BC, facility, Coast Mountain News reported.
Mortgage Applications Retreat for Fourth Consecutive Week in the Week Ending March 29th
Mortgage loan application volume declined 0.6% on a seasonally adjusted basis from one week earlier, the MBA reported.
BC Indigenous Housing Society’s Housing Project Walls Being Built With Intelligent City Robotics
Intelligent City is producing passive house panels for the BC Indigenous Housing Society’s new nine-story mass timber multi-family housing project, the Journal of Commerce by ConstructConnect reported.
ADP® Reports Private Sector Employment and Compensation Gains in March
Private sector employment increased by 184,000 jobs in March and annual pay was up 5.1% year-over-year, ADP reported.
West Fraser Permanently Closes Its Sawmill in Perry, FL
On Monday, West Fraser confirmed that it was permanently ceasing production at its Perry, Florida, sawmill, ABC27/WTXL reported.