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US: Applying Sahm recession rule to individual states is a mistake

Applying the logic of the rule to individual states would reveal that 20 of them should be in a recession, right? Instead rising unemployment rates in places such as California, New York and New Jersey actually reflect economic strength

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​ Applying the logic of the rule to individual states would reveal that 20 of them should be in a recession, right? Instead rising unemployment rates in places such as California, New York and New Jersey actually reflect economic strength Applying the logic of the rule to individual states would reveal that 20 of them should be in a recession, right? Instead rising unemployment rates in places such as California, New York and New Jersey actually reflect economic strength  Moneycontrol Latest News Read More  

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