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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.
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