"Was July's recession signal a false alarm? Analyst Chris Anstey challenges the 'Sahm Rule' accuracy amidst a still-strong job market."

Analyst Questions Accuracy of July's Economic Signal

According to Odaily, analyst Chris Anstey is skeptical about the validity of the 'Sahm Rule' triggered in July. This rule, which predicts recessions when unemployment rises by 0.5 percentage points over three months, seems off this time. With the unemployment rate now below 4% and no recession in sight six months later, Anstey argues the signal might have been inaccurate.

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