Quikrete Industry Dashboard
Consumer Watch reveals a shake-up in unemployment.
The latest weekly installment of the Quikrete Industry Dashboard features a shake-up on Consumer Watch dials. Gas prices rise slightly; however, unemployment rose to 4.0% in June, up slightly from a previous low of 3.8% in May. This marks an increase in the metric after nine consecutive months of decreasing or steady unemployment. There’s no new data on the big-three housing industry reports. But the HBSDealer Stock Roundup shows companies in the hardware and building supply space all over the map of monthly and annual growth.
Readers Respond: Got Logo?
Logos provide an identity in business. A good logo provides brand identity and can greases the wheels of commerce. Sometimes they’re an effective business tool. Sometimes they’re not.
In the hardware and building supply industry, the quality of logos runs the full spectrum. And we put a self-examination to our readers, regarding their logos of their own businesses.
We asked readers: How would you describe your company’s logo? Among 80 respondents, here is the breakdown of results.
- 31% — Better than the average corporate logo
- 25% — Excellent, beloved by customers and employees
- 25% — It serves its purpose
- 11% — Needs improvement
- 8% — What logo?
The latest poll question remains open to readers.
HBSDealer is also asking you to submit your company logo in the first HBSDealer Industry-Wide Logo Contest. Send us your logo to [email protected]. Two winners will be selected by professional New York City-based graphic designers — a “Dealer Logo” and a “Supplier/Vendor Logo.”
Deadline for entries is Aug. 10.
Unemployment rises in June
While construction employment shows strong growth, new jobs among building material and lawn and garden retailers are nearly flat.
About 213,000 jobs were added to the U.S. economy in June but the unemployment rate rose to 4.0%, the U.S. Bureau of Labor and Job Statistics reported today.
Most growth occurred in professional and business services, manufacturing, and health care, while retail trade lost jobs.
Unemployment increased by 0.2 percentage points to 4.0%, compared to a jobless rate of 4.3 percent during the same period a year ago. Unemployment had been at an 18-year low of 3.8% last month.
Retail industry employment in June increased by 50,200 jobs unadjusted over the same time last year despite a seasonally adjusted drop from May of 25,800, the National Retail Federation said today.
“This is another solid, robust payroll increase that nicely closes out the second quarter and affirms a very strong economy,” NRF Chief Economist Jack Kleinhenz said. “It is consistent with how consumers feel about the economy and their personal finances. Nonetheless, while payroll gains should translate into increased spending in the coming months, if the trade war spreads it may become a turning point for consumer and business confidence that could affect spending.”
Overall construction employment increased 13% while specialty trade contractor employment rose 3.2%. Employment in building material and garden supply store increased just 0.5%
Employment in professional and business services increased by 50,000 in June and has risen by 521,000 over the year.
Manufacturing added 36,000 jobs in June. Durable goods manufacturing accounted for nearly all of the increase, including job gains in fabricated metal products (+7,000), computer and electronic products (+5,000), and primary metals (+3,000). Motor vehicles and parts also added jobs over the month (+12,000), after declining by 8,000 in May. Over the past year, manufacturing has added 285,000 jobs.
Employment showed little or no change over the month in other major industries, including wholesale trade, transportation and warehousing, information, financial activities, leisure and hospitality, and government.