JWN - Looking At The Big Picture
Introduction
The market's three-day plunge is getting investors worried about the future outlook of the economy and the markets. On Friday, however, the economic data released contained very interesting numbers. Evaluating these statistics is key to understanding at what point of history we could find ourselves in. Nevertheless, economic and industry trends seem to build a strong bullish case.
Signs Of A Strong Economy
Unemployment Down
Unemployment numbers beat expectations and overall unemployed decrease past expectations to 8.4%, a decrease of almost 50% from the pandemic peak in April (Figure 1).
Figure 1 - Source: