Jobs Come From Profits

... and we hate profit. It's a mark of evil greediness. And racism. Lots and lots of racism.

In a troubling sign for the U.S. labor market, the number of workers filing new claims for unemployment benefits unexpectedly surged last week to wipe out most of the recent declines.

The Labor Department said in its weekly report Thursday that initial claims for jobless benefits rose by 25,000 to 471,000 in the week ended May 15. Economists who were surveyed by Dow Jones Newswires had predicted claims would fall by 4,000.

The previous week's level was revised upward as well, to 446,000 from 444,000.

The Euros have hated profit for a long time.

NEW YORK—The euro dropped Thursday, surrendering gains from a day earlier, after talk of intervention to stem the common currency's rapid decline was increasingly seen as far-fetched, and investor concern once again focused on the spreading euro-zone debt crisis and the ramifications for global growth.

So just how's that massive printing press attack on the speculators going?