Jobs are fundamental to both the stock market and GDP. If you don’t have jobs, you don’t have companies with stocks to trade. If you don’t have jobs, you aren’t producing any stuff that gets measured by GDP. Really, what’s the point of all this stuff we are measuring if nobody is working?
When everyone who wants a job has a job, we say times are good. So, if people are losing jobs and filing for unemployment, that’s a sign that things are not so good. Fortunately, this is tracked on a weekly basis: