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Explain the business value of economic indicators

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Please describe 3 economic indicators, and explain the business value of economic indicators.

Provide a 350-450 word explanation please. I just need your input (please provide your own input not just a list of references.

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Please describe 3 economic indicators, and explain the business value of economic indicators.

Three major economic indicators that come to mind are the Unemployment Rate, the Consumer Price Index, and the Gross Domestic Product. I will describe each of these and their value in turn.

Unemployment Rate: This value of this indicator is that it is a general signal as to the overall health of the economy. This rate refers to the percentage of the work force actively seeking employment but is unable to do so. Discouraged workers—those not seeking work due to lack of confidence in finding work—are not omitted from the labour force.

The unemployment rate measures the health of the economy and of society on a general basis. When economic ...

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