Real-time Sahm Rule Recession Indicator

Description

Sahm Recession Indicator signals the start of a recession when the three-month moving average of the national unemployment rate (U3) (https://fred.stlouisfed.org/series/UNRATE) rises by 0.50 percentage points or more relative to its low during the previous 12 months. This indicator is based on "real-time" data, that is, the unemployment rate (and the recent history of unempl...Show More