As reported Friday morning, the unemployment rate in the US rose above 10% for the first time since 1982. As shown below, this is by far the fastest rise since continuous data begin in 1948. It is interesting to note that from 9/30/1982, when the rate first rose above 10%, to 7/29/1983, when unemployment first fell below 10%, the S&P 500 gained 34.99%.
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