Analyst: Non-agricultural data proves that Sam's rule is invalid

Analyst Chris Anstey said that with the unemployment rate back below 4%, we can now say with certainty that the "Sam Rule" triggered in July was a wrong 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 past 12 months, the economy is at the beginning of a recession. Half a year has passed, the unemployment rate is falling, and there is no sign of a recession. It turns out that this is not an accurate signal. (Jinshi)