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Wall Street is talking about the 'Sahm rule': What is it?

2

The July jobs report has been dominating headlines as data came in weaker than expectations, with 114,000 jobs added to the US economy and unemployment rising to 4.3%. The July jobs data triggered the highly-watched recession indicator known as the Sahm Rule, but what exactly is it?

Market Domination anchor Julie Hyman what the Sahm rule, developed by Claudia Sahm, is.

For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend.

This post was written by Mariela Rosales.

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