The Stock Market's Reaction to Unemployment News: Why Bad News is Usually Good for Stocks
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We find that on average an announcement of rising unemployment is 'good news' for stocks during economic expansions and 'bad news' during economic contractions. Thus stock prices usually increase on news of rising unemployment, since the economy is usually in an expansion phase. We provide an
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美国国家经济研究局创建时间：
2001-01-01
