The code addresses the problem of analyzing and visualizing economic indicators, specifically focusing on unemployment and labor force participation rates across various states in the United States. It retrieves data from the FRED API for the S&P 500 index, national unemployment rate, and state-level unemployment rates. The goal is to provide insights into economic trends and disparities among states, facilitating informed decision-making and policy analysis. Additionally, it aims to incorporate labor force participation rate data, although this aspect requires further debugging.
The code utilizes data from the FRED API to analyze key economic indicators such as the S&P 500 index, national unemployment rate, and state-level unemployment rates, aiming to identify trends and disparities across different states in the United States. Additionally, it attempts to incorporate labor force participation rate data for further analysis, but this aspect requires debugging.
- Analyze trends in key economic indicators such as the S&P 500 index, national unemployment rate, and state-level unemployment rates.
- Visualize disparities and patterns in unemployment rates across various states in the United States.
- Provide insights into economic dynamics to support informed decision-making and policy analysis regarding employment trends and disparities at both national and state levels.