A recession indicator known as the Sahm Rule has triggered in 20 states.
"The increase in unemployment rates stem partly from the strength of the economy the past few years," Sahm wrote.
AdvertisementA historically accurate recession indicator is flashing across the country, but immigration trends leave no reason to worry, Claudia Sahm, the signal's founder, wrote in Bloomberg.
The so-called Sahm Rule has flashed red in 20 states, she says, and would indicate a recession has arrived.
It triggers when the unemployment rate's three-month average climbs 50 points above a 12-month low.
Persons:
Sahm, —, Claudia Sahm
Organizations:
Immigrants, Service, Bloomberg, Business