'Sahm Rule' enters Fed lexicon as fast, real-time recession flag

Discussion in 'Economics' started by Banjo, Oct 5, 2019.

  1. Banjo

    Banjo

  2. easymon1

    easymon1

    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
     
  3. jys78

    jys78

    Trump said the data was fake during his campaign.

    Once elected, he said it was accurate and took credit.
     
  4. Nobert

    Nobert

    45:05

     
  5. easymon1

    easymon1

    go long thrift shops, tar, and feathers?