By Mike Thayer
The number of Americans filing first-time claims for jobless benefits went up for the week ending May 26.
The Labor Department's latest report shows unemployment claims rising 10,000 to 383,000, demonstrating what I've been saying for quite some time, that this economy is sour. Anytime the figure is around 400,000, things aren't good.
In related news, the U.S. gross domestic product number has been revised. The GDP grew at a slower pace in the first quarter than was first reported by the Commerce Department last month. The number has been revised to an annualized rate of 1.9%, down from 2.2%. Anything less than 3%, not good.
King Obama and his court aren't giving you the truth.