The unemployment rate is one of the most important macroeconomic indicators to track for measuring the health of the economy and, thus, the stock market. Almost all recessions in the U.S. economy have been preceded by a spike in the unemployment rate. Financial market pundits believe that the decline in indicators such as Housing, New Orders, Profits, and Employment can be considered a forewarning of any recession in the U.S. economy.
This visualisation, by default, shows the Unemployment rate relative to S&P 500. Other macroeconomic indicators related to the unemployment rate or other assets, such as stocks, can be selected in the primary and secondary indexes to understand their relationship.
A data-driven investor can track changes in indicators such as the unemployment rate to position their bets to maximise gains at acceptable risks.
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