Why the Stock Market Keeps Going Up While Employment Nosedives
It turns out only one of these is a leading indicator of the economy
Published in
6 min readMay 27, 2020
U.S. unemployment reached 14.7% in April 2020, the highest level recorded since the Great Depression. With such staggering unemployment numbers, it might be confusing to see that every major market index is about 30% above its March 23 lows:
