Reported about 2 months ago
July's jobs report indicated a rising unemployment rate, raising recession fears as per the Sahm Rule. However, economist Tiffany Wilding of PIMCO argues that the current economic data, including retail sales and jobless claims, show resilience in the labor market, which may alleviate recession worries. She points to factors like immigration and overall labor market balance that contribute to the unemployment rise. Wilding suggests these insights can help the Federal Reserve adapt its monetary policy moving forward.
Source: YAHOO