Tile Shop enters new market
The Tile Shop is expanding, in new markets and existing ones.
The specialty retailer opened its first location in Washington, D.C., a 10,400-sq.-ft. store in the historic neighborhood of Tenleytown.
The Tile Shop also opened its twelfth location in the Chicago metro area, in Schererville, Indiana.
Tile Shop stores feature more than 4,000 high-quality tile designs. Shoppers may also utilize the on-site design and education center featuring the new digital design tool that helps customers choose their own custom layouts and visualize how a tile project will look upon completion by exploring tile, trim and grout options – well before a purchase is made or an installation begins.
The Tile Shop currently operates 123 stores in 31 states.
Unemployment edges back up to 4.7%
Though the jobless rate edged up to 4.7% in December, wages were also up 2.9% year-over-year, and job gains were well above 2 million in 2016.
Additionally, the previous month's gains were larger than expected: the change for November was revised up from +178,000 to +204,000.
The economy added 156,000 jobs in December, with the most growth in health care (43,000) and social assistance (20,000).
The number of unemployed persons, at 7.5 million, changed little in December, but showed measurable progress in the fourth quarter.
The number of long-term unemployed (those jobless for 27 weeks or more) was essentially
unchanged at 1.8 million in December, though the measure declined by 263,000 in 2016.
As for job growth, the total of 2.2 million in 2016 came in under the increase of 2.7 million in 2015.
Employment in food services and drinking places continued to trend up in December (30,000), with 247,000 jobs added in 2016.
Employment also continued to trend up in transportation and warehousing in December
Manufacturing gained 17,000 jobs last month, though it's been on an overall path of decline in recent months.
Residential construction lost 1,900 jobs in December, and building material and garden supply stores gained 1,500.
In December, average hourly earnings for all employees on private nonfarm payrolls increased by 10 cents to $26.00, after edging down by 2 cents in November. Over the year, average hourly earnings have risen by 2.9%.