Analyst Questions Accuracy Of July's Economic Signal

According to Odaily, analyst Chris Anstey has expressed skepticism about the validity of the 'Sahm Rule' triggered in July. This rule suggests that an economic recession begins when the three-month average unemployment rate rises by at least 0.5 percentage points from its lowest point in the past 12 months. However, with the unemployment rate now below 4% and no signs of a recession six months later, Anstey argues that the signal was inaccurate.