Umemployment and housing news not good

Unemployment jumps half a percent, another good sign we’re in a recession, as is five straight months of job cuts.

First-quarter foreclosures hit a full 1 percent; delinquencies crossed the 6 percent mark. And, more than 6 percent of subprimes have started the foreclosure process.

Texans, once again, don’t forget to thank Phil Gramm for y our difficulties.