Observation:
Aug 2023: 0.13 (+ more) Updated: Sep 1, 2023Aug 2023: | 0.13 | |
Jul 2023: | 0.10 | |
Jun 2023: | 0.07 | |
May 2023: | 0.03 | |
Apr 2023: | 0.00 | |
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Units:
Percentage Points,Frequency:
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Source: Sahm, Claudia
Release: Sahm Rule Recession Indicator
Units: Percentage Points, Seasonally Adjusted
Frequency: Monthly
Sahm Recession Indicator signals the start of a recession when the three-month moving average of the national unemployment rate (U3) rises by 0.50 percentage points or more relative to its low during the previous 12 months.
Sahm, Claudia, Sahm Rule Recession Indicator [SAHMCURRENT], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/SAHMCURRENT, October 1, 2023.