• Why My Recession Rule Could Go Wrong This Time: The highly accurate Sahm rule uses the unemployment rate to detect the start of an economic downturn. But like many indicators during the pandemic era, it’s possible it could “break.” (Bloomberg) see also The most important economic number hasn’t gotten enough attention. The Labor Department reported, “Nonfarm business sector labor productivity increased 4.7% in Q3 2023, BLS reported today. Output increased 5.9% and hours worked increased 1.1%. (Washington Post)
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment