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It's the primary gauge of supply and demand imbalances in the market, which can lead to changes in production levels and significant price volatility;
It's a leading indicator of consumer inflation - when businesses pay more for labor the higher costs are usually passed on to the consumer;
Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-ma...
Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity;