Roseburg Forest Products confirmed that it laid off approximately 2.5% of its workforce across all North American locations early last month, while 120 positions are slated to be filled at Oregon facilities through 2026, The News-Review reported.
Wood Markets News
San Group Files for Creditor Protection
The San Group, which operates two sawmills and a remanufacturing plant in Port Alberni, has filed for creditor protection, the Times Colonist reported.
US Nonfarm Payroll Increases By 227,000 in November; Unemployment Ticks Up to 4.2%
Total nonfarm payroll employment increased by 227,000 in November. The unemployment rate increased to 4.2%.
US Wood Pellet Exports Decline in October
The US exported 839,226.4 metric tons of wood pellets in October, down from 898,128.2 metric tons in September, a Biomass Magazine review of USDA data shows.
University of Michigan Reports Preliminary Results of Its Consumer Sentiment Index for December
The University of Michiga Index of Consumer Sentiment increased to a reading of 74.0 in December, up from 71.8 in November. This is a month-over-month increase of 3.1% and up 6.2% year-over-year.
Canadian Employment and Unemployment Both Increase in November
Canadian employment increased 0.2%, or 51,000 jobs, in November. The employment rate held steady at 60.6%.
Campbell Global Acquires 40,800 Acres of Timberland in the Pacific Northwest
Campbell Global acquired of 40,800 productive acres of high-quality, commercial timberland located on the Olympic Peninsula in northwest Washington state.
Canadian Lumber Production Increases 4.7% in September
Canadian lumber production increased 4.7% to 3,951.2 thousand cubic meters in September. Year-over-year, lumber production was down 5.9%.
Fannie Mae Releases Its Q4 Home Price Expectations Survey
According to the survey, a panel of over 100 housing experts forecast home price growth to decelerate to 3.8% in 2025 and 3.6% in 2026.
Private Sector Job Cuts Increase 3.8% in November
US-based employers announced 57,727 job cuts in November, a 3.8% increase from the 55,597 cuts announced in October, CG&C reported.