Wednesday, September 8, 2021

The Recession is over for all workers in the manufacturing sector but at different points in time

The Sahm Rule identifies signals related to the start of a recession when the three-month moving average of unemployment rate rises at a minimum 0.50 percentage points or more relative to its low during the previous 12 months.  


Applying to the manufacturing and its subsectors it shows the recession is over but it occurred at different points in time.


Sahm Rule Manufacturing


Sahm Food Manufacturing






No comments:

Post a Comment

Revisiting the Wage Phillips Curve in the Three Economic Periods from 1960 -2022

  Abstract This paper will examine the economic period from 1960 to 2022, which captures the role of monetary policies impact of the Phill...