Wow. 4.3% unemployment in July. (A big jump up from 3.5% in July 2023).
***The July jobs report has triggered the “Sahm Rule” indicating we could be in the early stages of a recession***
It's possible this time is different. But this is a big warning sign that the job market… pic.twitter.com/SLsHXFV7YF
— Heather Long (@byHeatherLong) August 2, 2024
On X, Washington Post economic writer wrote:
Wow. 4.3% unemployment in July. (A big jump up from 3.5% in July 2023).
***The July jobs report has triggered the “Sahm Rule” indicating we could be in the early stages of a recession***
It’s possible this time is different. But this is a big warning sign that the job market (and possibly broader economy) is really slowing fast.
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