Analysis
Two series, one timeline
Overlay any two indicators over the window where both exist. Jan 1978 to Apr 2026.
First series
Second series
Y-axis
Nonfarm Payrolls(Thousands of persons) Consumer Sentiment(Index 1966:Q1=100)
Left axis: Nonfarm Payrolls · PAYEMS. Right axis: Consumer Sentiment
· UMCSENT. Both from FRED, latest-revised, read from cache.
Correlation is not causation. Two lines moving together is not one moving the other. A shared trend often traces back to a third force, or to chance. This tool overlays the data. It does not explain it.