According to TechFlow, on July 5, according to Jinshi Data, Nick Timiraos, the "Federal Reserve mouthpiece", said that the US unemployment rate rose from 3.96% in May to 4.05% in June. Since March (3.83%), the data has risen by 0.22%. According to Sam's rule, the 3-month average of the unemployment rate has risen by 0.42% from the 12-month low, close to the 0.5% threshold. The meaning of Sam's rule is that when the 3-month average of the unemployment rate is 0.5 percentage points higher than the 12-month low, the economy is in recession.