What to watch for in Friday's Jobs Report
BLS will be publish the September Jobs Report this Friday. This report will be important for a number of reasons, and it will answer some key questions for investors and policy makers.
First, the unemployment rate has been troughing. If history is any guide, a rising unemployment rate after a trough has been signals of recessions. This was documented in the Sahm Rule, which was developed as a way to trigger automatic stabilizers and a real-time recession signal.
The Sahm Rule triggers a signal “When 3-month moving average national unemployment rate exceeds its minimum over previous 12 months by 0.5 pct points”. A similar technique is also used at iMarket Signals as a recession warning. Currently, there is no recession in the forecast.
The full post can be found here.
Source: http://humblestudentofthemarkets.blogspot.com/2019/09/what-to-watch-for-in-fridays-jobs-report.html
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