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April unemployment rate falls to 6.3%

BY HBSDEALER Staff

Data released by the Bureau of Labor Statistics today shows the April unemployment rate at 6.3%, the lowest level since September 2008.

Total nonfarm payroll employment increased by 288,000 in April. Job growth had averaged 190,000 per month over the prior 12 months.

In April, employment growth was widespread, according to the Bureau, led by gains in professional and business services, retail trade, food services and drinking places, and construction.

Also in April, employment in construction grew by 32,000, with job growth in heavy and civil engineering construction (+11,000) and residential building (+7,000). Construction has added 189,000 jobs over the past year, with almost three-fourths of the gain occurring in the past six months.

 

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Mark DeVincent named group president at Nortek

BY HBSDEALER Staff

Nortek has announced the appointment of Mark DeVincent as group president of its Custom and Engineered Solutions (CES) segment. DeVincent replaces Eric Roberts, who resigned after five years with the company.

DeVincent joined Nortek with 22 years of experience in manufacturing operations and sales management. Most recently, he was senior VP and general manager at Flextronics International, where he was the senior executive responsible for the company’s $2.5 billion server and storage business. 

"Mark is an experienced manufacturing leader with a deep background in sales," said Nortek president and CEO Michael J. Clarke. "His previous leadership at Flextronics will serve CES well, as the segment focuses on broadening and deepening its customer and channel partner relationships, both in the United States and abroad.  Mark brings a perspective and abilities that will accelerate the growth of this key business, and we are excited to welcome him to Nortek." 

Prior to Flextronics, DeVincent served as director, account management at Sanmina-SCI and Director, Western Region at HADCO Corp.

Nortek is a global, diversified company whose offerings include audio/video and security solutions, digital display mounting solutions, ventilation products such as range hoods and bathroom fans, heating and cooling products, and air management systems.

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Weyerhaeuser steps up stair innovation

BY HBSDEALER Staff

Federal Way, Washington-based Weyerhaeuser introduced SturdiStep stair treads as an alternative to pine.

SturdiStep treads are manufactured to be flat, straight, precise and free of knots, and they are the only wood stair treads to carry a warranty (30 years) against delamination, cupping, warping and splitting.

“Each SturdiStep tread is uniform, flat and stable — consistency that traditional solid-wood treads just can’t promise,” said Jody Dedmon, market development manager for Weyerhaeuser. “The potential monetary savings and quality improvement should resonate with any builder who has had to deal with callbacks due to squeaks and uneven surfaces.”

SturdiStep treads are durable enough to withstand the demands of normal construction delays, eliminating the cost and hassle of installing and replacing temporary treads. Low-moisture content also means fewer squeaks due to shrinkage, the company said.

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