Unemployment, Foreclosures Both Up

Newsmax reports:

President Obama’s re-election prospects suffered a blow on two fronts Thursday with the news that jobless claims and home foreclosures are both up.
The Labor Department reported that 386,000 people filed new jobless claims in the week ending June 9, up 6,000 from the previous week’s figure. That was 11,000 more than the 375,000 predicted by economists.

It marked the fifth time in six weeks that jobless claims have risen, bad news for the incumbent president when most voters cite the economy as the most important issue going into the November election.