MSM Covers For Obama's Failing Economy: According to the Department of Labor, although claims for unemployment decreased in the week ending April 14, the 4-week moving average was 374,750, up 5,500 from the previous week's revised average of 369,250.
This means that the economy is not improving, despite administration claims that it is. In Standard & Poor’s 500-stock index, the number of firms that provided earnings guidance to investors in March was 27, which was the lowest ever for the month of March and the second-lowest of any month since 2000. This means that companies are nervous about their future earnings.
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