Analyst: Non-farm data proves that Sam's rule has failed
On January 10, analyst Chris Anstey stated that with the unemployment rate returning to below 4%, we can now confidently say that the "Sam's Rule" triggered in July was a false signal. This rule states that when the average unemployment rate over three months rises at least 0.5 percentage points from its low point in the past 12 months, it indicates the beginning of an economic recession. Half a year has passed, and as unemployment rates are falling, there are no signs of economic recession. It turns out this was not an accurate signal.
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