Multi-family delinquency rate pic.twitter.com/Ygj4URgZVt
— Will DeCotiis (@Will_DeCotiis) September 19, 2024
2/ The recent unemployment rate came in at 4.2%
Showing signs of a weakening labor market
This has begun to spark recessionary concerns pic.twitter.com/Ig9umKI2aH
— Game of Trades (@GameofTrades_) September 19, 2024
4/ The Sahm Rule is a recession indicator developed by economist Claudia Sahm
It triggers if the 3-month MA of the unemployment rate rises by 0.5% or more above its 12-month low
Currently, the Sahm Rule reading is at 0.57%
Indicating that a recession cannot be avoided
— Game of Trades (@GameofTrades_) September 19, 2024
6/ Despite signs of slow labor market weakening, it has not fully cracked yet
— Game of Trades (@GameofTrades_) September 19, 2024
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