US July unemployment rate hits highest mark since 2021, triggering recession warning under the Sam's rule
Publication Time:2024-08-02 20:51:06
Latest figures show that the US unemployment rate for July reached 4.3%, the highest since October 2021. This rise in numbers has prompted a reevaluation of economic conditions, particularly in light of its relation to the Sam's rule. The Sam's rule is used as an indicator for predicting recessions, with its core logic suggesting that when the three-month moving average of the unemployment rate exceeds the lowest point of the past year by 0.5 percentage points, it typically signifies that a recession has begun. The significant growth in unemployment rates has undoubtedly cast a shadow over the economic outlook, sparking deep concern among investors and economists about the future trajectory of the economy.
recession
US unemployment rate
Sam's rule