Analyst: Non-farm data proves the failure of the Sam rule

GoldenOctober2024

On January 10th, Jinshi Data reported that analyst Chris Anstey said that with the unemployment rate dropping below 4%, we can now confidently say that the ‘Sam Rule’ triggered in July was a false signal. The rule states that when the three-month average unemployment rate rises by at least 0.5 percentage points from the low point of the previous 12 months, the economy is entering a recession. Half a year has passed, and the unemployment rate is declining without any signs of economic recession. It has been proven that this is not an accurate signal.

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