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Market Meltdown: Is This 1999 All Over Again?
The Investopedia Express with Caleb Silver
A Rising Unemployment Rate Signals Economic Trouble
The unemployment rate's increase from 3.8% in March to 4.3% in July indicates an early stage of recession, as established by the SOM rule. This rule states that a recession is signaled when the three-month average unemployment rises above the lowest three-month average from the past year by at least half a percentage point. This development suggests potential economic challenges ahead, although it does not confirm a recession will definitely follow.
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