Obamafail: jobless rise again

"Jobless claims surged this week, missing expectations by the most since Sandy. For 13 months, we have meandered around a flat-line initial claims number in the 365k range - and we remain there, writes Tyler Durden.  "What is most troubling about this total catastrophe that occurred in Emergency Unemployment Compensation. After last week's record-breaking plunge of over 350k, this week saw a surge of over 418k added to the EUC rolls - the biggest 2-week jump in two months." Read more