US Jobless Claims Top 30 Million: ING Economics

With another 3.893 million (38,93,000) people in the United States filed a new unemployment claim in the last week, it brings the total unemployment claims in the last six weeks to 30.3 million. Coupled with a third of 16 - 65 year olds being economically inactive, ING Economics estimates that less than half of the US working population will be earning a wage in May.