Gustonomics 101: What Is the Sahm Rule?

Perhaps the best indicator of a recession is known as the Sahm Rule. But it’s little known outside the economics world. So what is it and how can regular everyday businesses make use of this esoteric economic indicator? Caleb and Liz talk it out.

Shownotes

Personal Consumption Expenditures: Chain-type Price Index [FRED]
The Federal Reserve's Dual Mandate [Chicago Fed]
Full Employment [Econ Focus/Richmond Fed]
Sahm Rule Recession Indicator [FRED]
The Sahm rule: step by step [Stay-at-Home Macro]