Republican Recession Watch: Jobless Claims Increase

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Remember, John McCain just doesn't understand economics... and he won't learn any more in the next 8 months that he hasn't in his many decades in the senate. Now, about that economy of ours.

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A rise in jobless claims and a drop in a key forecasting gauge provided the latest evidence that the U.S. economy is faltering and may be slipping into recession.

The Conference Board, a business-backed research group, said Thursday that its index of leading economic indicators fell in February for the fifth consecutive month. The index, which is designed to forecast where the nation's economy is headed in the next three to six months, dipped 0.3 percent to 135.0 in February after slumping 0.4 percent the month before.