Nonfarm Payrolls and Unemployment Rate (July 2024) are scheduled for release on Aug 2, 2024.
The Sahm Rule is named after Claudia Sahm. The Sahm Rule says that a recession appears on the horizon after the unemployment rate's current three month moving average exceeds the lowest 3 month moveing average of the trailong 12 months by 0.5% or more.
Tomorrow's non farm payrolls and unemployment rate (July/24) are the critical indicator of the labour market health.
