U.S. Jobless Claims Top 30 Million in Six Weeks as Coronavirus Rocks Economy

U.S. jobless claims have topped 30 million over the last six weeks, new data released by the Department of Labor has revealed.

Ioana Marinescu, an associate professor of economics at the University of Pennsylvania, told Newsweek: “These high numbers are the sign of an unemployment rate that we haven’t seen since the Great Depression: the Congressional Budget Office predicts 16 percent unemployment in the coming months.