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Analysis

Two series, one timeline

Overlay any two indicators over the window where both exist. Jan 1992 to Apr 2026.

Retail Sales(Millions of dollars) Nonfarm Payrolls(Thousands of persons)
2001 RecessionGlobal Financial CrisisCOVID-19 Recession$200B$300B$400B$500B$600B$700B110M120M130M140M150M1995200020052010201520202025

Left axis: Retail Sales · RSAFS. Right axis: Nonfarm Payrolls · PAYEMS. 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.