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Why the Stock Market Keeps Going Up While Employment Nosedives

It turns out only one of these is a leading indicator of the economy

Image: skodonnell/E+/Getty Images

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:

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