‘SAHM RULE’ RED FLAG!
Global markets got another shock from the US monthly jobs report released on Friday, which indicated the *unemployment rate had increased to 4.3%.*
While still remaining amongst the lowest level, *the markets panicked because at 4.3%, it triggered the 'Sahm Rule'.*
This rule states that when the three-month average of the unemployment rate is 0.5 bps above its 12-month low, a recession is underway.
Historically, it has been a very accurate indicator.
So, when US Market on Friday, it’s because of the triggering of this rule!!
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
