"Recession is when your neighbor loses his job. Depression is when you lose yours. And recovery is when Barack Obama loses his."

Peter Brady analyzes this week's depressing jobs report.

Initial jobless claims were just announced at 382K, much higher than the expected of 375K.

Last week's claims were announced at 382K, but revised up to 385K.

Today's headlines across all media outlets: JOBLESS CLAIMS FALL BY 3K

Wash, rinse and repeat.

Real unemployment is 11.7 percent... and still rising.



Title borrowed from Ronald Reagan.