BusinessPostCorner.com
No Result
View All Result
Saturday, July 5, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Rising unemployment is near a key tipping point popularized by a former Fed economist that has reliably predicted past recessions

November 4, 2023
in Business
Reading Time: 1 min read
A A
0
Rising unemployment is near a key tipping point popularized by a former Fed economist that has reliably predicted past recessions
ShareShareShareShareShare

The rise in unemployment to 3.9% last month means joblessness is close to triggering the so-called Sahm Rule, which has proven to be reliable predictor of recessions in the past.

The rule, hatched by former Federal Reserve economist and now Bloomberg columnist Claudia Sahm, posits the start of a recession when the three-month moving average of the unemployment rate rises by a half-percentage point or more relative to its low during the previous 12 months.

The low for joblessness so far this year was 3.4%. October’s rate was the highest so far this year, following two readings at 3.8% in August and September. 

In a posting on X, the social media platform formerly known as Twitter, Sahm said the rise in unemployment last month was not good news. 

But she added that the Sahm rule “did not trigger, nor is it right on the edge” of triggering despite last month’s increase in joblessness.

Sahm, who heads her own consulting firm, has said she worried her creation has become “a monster.”

“If it was ever going to break it would be now, and I would be so happy to see it break,” Sahm said in an interview in August.

Subscribe to the CFO Daily newsletter to keep up with the trends, issues, and executives shaping corporate finance. Sign up for free.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Matthew Perry Foundation is created to help combat addiction, which the late ‘Friends’ star publicly struggled with for years

Next Post

How does your pay compare with other jobs?

Next Post
How does your pay compare with other jobs?

How does your pay compare with other jobs?

Tax Fraud Blotter: No solution

Tax Fraud Blotter: No solution

July 4, 2025
XRP Price Prediction: Brad Garlinghouse’s 1000% Tweet – Will This Push Ripple Beyond ?

XRP Price Prediction: Brad Garlinghouse’s 1000% Tweet – Will This Push Ripple Beyond $3?

June 29, 2025
What will Trump’s tax and spending bill do to US national debt?

What will Trump’s tax and spending bill do to US national debt?

July 3, 2025
Senate passes Trump tax bill

Senate passes Trump tax bill

July 1, 2025
Crying for a lost Labour government

Crying for a lost Labour government

July 2, 2025
Nine UK-Listed Companies Embrace Bitcoin Treasury Strategy Amid Global Trend

Nine UK-Listed Companies Embrace Bitcoin Treasury Strategy Amid Global Trend

June 29, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Hamas gives ‘positive’ response to Trump proposal for Gaza ceasefire

Hamas gives ‘positive’ response to Trump proposal for Gaza ceasefire

July 4, 2025
Crying at work – career damaging or just human?

Crying at work – career damaging or just human?

July 4, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!