The number of planned U.S. layoffs soared 53% in May from April to 61,887, according to Challenger, Gray & Christmas. It was the highest reading since September 2011.
But ... but ... the President is on board with gay marriage! What else matters?
Certainly not this:
New claims for unemployment benefits rose to 383,000 last week from an upwardly revised 373,000 the week prior. Claims were expected to remain unchanged at a previously reported 370,000.