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DeepNewz, mobile.
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The United States is facing potential recession risks as economic indicators show significant downturns. Unemployment rates have risen, triggering concerns about recession thresholds. The Sahm Rule, developed by economist Claudia Sahm, is being closely monitored to assess the start of recessions.
The United States unemployment rate has risen to 4.1%, the highest in three years, which is also significantly higher than the level seen in 2019. In June, a 70,000 increase in government jobs boosted payroll employment https://t.co/5kSN9McvWT
We are a couple months from the Sahm recession rule from being triggered... https://t.co/7BtIEeML66
"The increase in the unemployment rate left the Sahm-rule below its 0.5pt threshold. Therefore, it does not suggest the economy is in a recession." - BofA Gapen https://t.co/4hbWEJTpPC
