Unemployment Prediction Model with Scary Accuracy!
This RSI-MA Model Predicts Unemployment Rate With Scary Accuracy!
Although high unemployment usually occurs during economic recessions, it doesn't always mean that equity valuations would drop, nor does rising unemployment always mean recession.
On the monthly chart of the official national unemployment rate:
Unemployment Momentum Rising = MA6(RSI3) cross>50
Unemployment Momentum Dropping = MA6(RSI3) cross< 50
Although high unemployment usually occurs during economic recessions, it doesn't always mean that equity valuations would drop, nor does rising unemployment always mean recession.
On the monthly chart of the official national unemployment rate:
Unemployment Momentum Rising = MA6(RSI3) cross>50
Unemployment Momentum Dropping = MA6(RSI3) cross< 50
Kory Hoang (stably.io)