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Economic Indicator

Definition

A statistic, like unemployment or GDP growth, that provides insight into the overall health of the economy.

What to consider

  • Follow key indicators like GDP and unemployment rates.
  • Consider how these metrics impact your personal finances.
  • Use this data to inform your long-term investment strategy.

Real world scenarios

  • When unemployment figures dropped, Sam saw it as a positive economic indicator that the job market was recovering.

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