Reported 2 days ago
The recent September jobs report showed a drop in unemployment to 4.1%, alleviating fears sparked by earlier indicators such as the Sahm Rule, which typically signals a recession when unemployment rises. Citi economist Robert Sockin suggests that the current economic climate feels different, noting that consumer trends remain strong despite past patterns suggesting a downturn, indicating that the economy may not be heading toward a recession as previously thought.
Source: YAHOO