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What happened
The article discusses the latest US jobs data, which shows a notable increase in non-farm payrolls, indicating a strong job market. This data is crucial as it helps assess the likelihood of a recession. The Sahm Rule, a gauge for predicting recessions, is explained in the context of current economic conditions.
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Key insights
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US Jobs Market Exceeds Expectations
The non-farm payrolls have shown a higher-than-expected increase, suggesting that the job market is robust despite concerns over economic slowdown.
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Sahm Rule as an Economic Indicator
The Sahm Rule is used to predict recessions by measuring increases in the unemployment rate. Current data suggests that the US is not on the brink of a recession.