Today's Flooring News

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GDP Revised Down to a 5% Decrease for Q1

GDP Revised Down to a 5% Decrease for Q1

Washington, DC, May 28, 2020—Real gross domestic product (GDP) decreased at an annual rate of 5.0% in the first quarter of 2020, according to the second estimate released by the Bureau of Economic Analysis.

2.1 Million Americans Filed for Unemployment Last Week

2.1 Million Americans Filed for Unemployment Last Week

Washington, DC, May 28, 2020—In the week ending May 23, the advance figure for seasonally adjusted initial claims was 2,123,000, a decrease of 323,000 from the previous week's revised level, according to the U.S. Census Bureau.