News flash

The U.S. July unemployment rate data triggers the Sam rule predicting economic recession.
The US unemployment rate in July recorded 4.3%, the highest since October 2021, triggering the Sam rule indicating an impending economic recession. It is reported that the Sam rule is an indicator of an impending economic recession, suggesting that once the three-month moving average of the unemployment rate exceeds the low point of the past year by 0.5 percentage points, it means that the economic recession has begun.