Recession is a period of broad economic activity decline. No official definition exists, but different countries use different criteria. Recessions can be V-, U-, L-shaped or W-shaped. Severe or prolonged recessions are called economic depressions
Unemployment rate shows percentage of workers who can work but aren't employed. Global unemployment rate for 2021 was between 6.3-6.5%. Unemployment rate is a lagging indicator responding to economic conditions
Unemployment occurs when actively seeking work cannot find employment. Unemployment rate is calculated by dividing unemployed by labor force. Current U.S. unemployment rate is 4.1% as of October 2024
10-year Treasury yield is government's borrowing rate for decade. Treasury securities are government loans with maturities from weeks to 30 years. Treasury securities are considered safer than stocks due to government backing
CCI measures consumer optimism about financial situation. Survey conducted by Conference Board every last Tuesday. Based on 3,000 questionnaires with 5 questions. Compares current and future economic conditions
BMC is a self-paced online course completed within one week. Course includes 8 hours of video tutorials using Bloomberg data. Divided into four main modules: Economic Indicators, Currencies, Fixed Income, Equities. Each module contains multiple sub-modules with 120 assessment questions