The U.S. unemployment rate reached 4.3% in July, triggering Sam's Law and predicting an economic recession

According to PANews, the U.S. unemployment rate was 4.3% in July, the highest since October 2021, triggering Sam's Law, which predicts an economic recession.

Sam's Rule states that once the three-month moving average of the unemployment rate is 0.5 percentage points above its low point over the past year, a recession has begun.