Unemployment – alphavantage

Let’s take a look at some indicators of the economy. First is unemplo

When we talk about the economy, it’s easy to get lost in headlines or technical terms. But in reality, there are a few key indicators that give us a clear picture of how an economy is performing. Let’s break them down in a simple and easy-to-understand way.

Unemployment Rate

This tells us how many people are actively looking for work but can’t find jobs. A high unemployment rate can mean economic trouble, while a low rate usually indicates stability and growth.

Post : API Token Key Get 

Code

import requests
import matplotlib.pyplot as plt

url = f'https://www.alphavantage.co/query?function=UNEMPLOYMENT&apikey={Your API Key}'
r = requests.get(url)
data = r.json()

month=[]
value=[]
count = 0
for item in data['data']:
    month.append(item['date'][:-3])
    value.append(float(item['value']))
    if 120 == count:
        break
    count += 1
month.reverse()
value.reverse()

plt.plot(month, value, 'r-', label="Month")

plt.xlabel('Unemployment')
plt.xticks(ticks=month, labels=month, rotation=45)
plt.locator_params(axis='x', nbins=len(month))
plt.ylabel('%')
plt.legend()

plt.show()

Output

Understanding these indicators can help us make sense of news headlines and economic shifts. By watching these signs, we can better prepare for changes in our financial lives.

The unemployment rate is more than just a number—it’s a powerful indicator of both economic health and social well-being.

What Is the Unemployment Rate?
It measures the percentage of people who are actively seeking jobs but cannot find work. It reflects how many individuals are ready to work but are left out of the workforce.

Why It Matters Socially
A high unemployment rate can lead to major social issues:

• Increased poverty: Without income, families struggle to meet basic needs.
• Mental health concerns: Long-term unemployment is linked to depression, anxiety, and loss of self-worth.
• Higher crime rates: In some cases, lack of income and purpose can contribute to social unrest or criminal behavior.
• Youth disillusionment: When young people can’t find jobs, they may lose hope in the system, which can lead to a “lost generation” effect