Unemployment Rate Spike Triggers ‘Sahm Rule’ Indicator, Signaling Potential US Recession

By Naveen Athrappully An economic indicator that has historically predicted U.S. recessions with high accuracy is now signaling a potential recession for the country following the recent spike in unemployment numbers. The U.S. Bureau of Labor Statistics (BLS) released the unemployment rate data on Friday, bumping it up to 4.3 percent for July, up from […]