This visualisation shows the relationship between ISM Manufacturing PMI index, the Unemployment rate and the recession periods for the U.S. economy. A drop in the ISM Manufacturing PMI index and a spike in the unemployment rate has been a consistent pattern for the majority of previous recessions in the U.S. economy. Alternatively, weaker economic conditions lead to higher unemployment.
An investor can track the relationship between various macroeconomic indicators, such as the ISM Manufacturing PMI index, and the Unemployment rate and determine the state of the economy and, thus, the stock market's direction.
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