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Pastimes : The Philosophical Porch

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To: Real Man who wrote (23046)8/4/2024 8:42:25 AM
From: Rarebird  Read Replies (1) of 24020
 
The Sahm rule is an infallible indicator; it has never been wrong!!

Sahm rule says that if unemployment rate goes up .5% or more over a three month period, economy is already in recession. Unemployment rate needed to rise to 4.2% to trigger the Sahm rule. It went up more than that to 4.3%.

Sahm came on CNBC on Friday and said she does not think economy is already in recession. But I think she was trying to prevent panic.
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