'Sahm Rule' enters Fed lexicon as fast, real-time recession flag
- Thread starter Banjo
- Start date
mr banjo
an example from the article, ". . . The unemployment rule would identify a recession . . .
. . . the Sahm Rule hit 0.53 in February 2008 and under her proposal benefits would have started to flow. It peaked at four and did not fall below 0.5 until June of 2010.
. . .
NO RED FLAGS YET
Sahm’s recession indicator currently is well below the level of concern, at just 0.07 percentage point. On average it has been slightly negative since unemployment peaked and began falling in mid-2010, following the end of the deep 2007 to 2009 recession."
good to know,
thanks
i wonder how accurate current unemployment data is.
is the published data that which is used
an example from the article, ". . . The unemployment rule would identify a recession . . .
. . . the Sahm Rule hit 0.53 in February 2008 and under her proposal benefits would have started to flow. It peaked at four and did not fall below 0.5 until June of 2010.
. . .
NO RED FLAGS YET
Sahm’s recession indicator currently is well below the level of concern, at just 0.07 percentage point. On average it has been slightly negative since unemployment peaked and began falling in mid-2010, following the end of the deep 2007 to 2009 recession."
good to know,
thanks
i wonder how accurate current unemployment data is.
is the published data that which is used
Trump said the data was fake during his campaign.
Once elected, he said it was accurate and took credit.
