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econscout
Analysis

Two series, one timeline

Overlay any two indicators over the window where both exist. Jan 1948 to May 2026.

First series
Second series
Nonfarm Payrolls (Thousands of persons) Unemployment Rate (Percent)
1948-49 Recession1953-54 Recession1957-58 Recession1960-61 Recession1969-70 Recession1973-75 Recession1980 Recession1981-82 Recession1990-91 Recession2001 RecessionGlobal Financial CrisisCOVID-19 Recession60M80M100M120M140M4%6%8%10%12%14%19501960197019801990200020102020

Left axis: Nonfarm Payrolls · PAYEMS. Right axis: Unemployment Rate · UNRATE. Both from FRED, latest-revised, read from cache.

Correlation is not causation. Two lines moving together is not one moving the other. A shared trend often traces back to a third force, or to chance. This tool overlays the data. It does not explain it.