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Comparing two forecasts per indicator will give consumers a better idea of upcoming economic conditions. After evaluating such forecasts, it is important to analyze which forecast best suits the current circumstances to more accurately prediction of the economy.
Unemployment Rate
Although some degree of unemployment is inevitable in a complex economy, the amount of unemployment varies substantially over time and across countries. Unemployment rate forecasts matter to the financial market and consumers.
Unexpected changes in the unemployment rate have a statistically significant effect on the economy...
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