The unemployment rate climbed to 4.3% in July, up 0.2% from June, the Friday employment report from the Bureau of Labor Statistics shows, alarming some economists who believe the Federal Reserve has waited too long to cut interest rates.| North Dakota Monitor
As the jobless level has ticked up in recent months, the "Sahm Rule" has generated increasing talk on Wall Street.| CNBC
The rise in the unemployment rate has raised concerns about the possibility of a recession, but the story is not as simple as the usual rules of thumb.| stayathomemacro.substack.com
The Sahm rule has gotten more attention recently and predictably that has come with questions about who created it. I did. Now is a good opportunity to talk about on macro tools in general.| stayathomemacro.substack.com