Reported 3 months ago
The upcoming July jobs report could activate the Sahm Rule, a recession indicator that tracks unemployment rate changes. If the unemployment rate rises to 4.2%, this would trigger the rule, which has accurately predicted past recessions. However, economists caution that this rise might be due to factors like immigration rather than a weakening economy, suggesting that the situation is not as dire as it seems. Despite these reassurances, market participants are closely watching the report for its potential impact on market sentiment.
Source: YAHOO