ROB magazine: What the Sahm rule says about a recession in the U.S. or Canada

Recessions are a bit like earthquakes. They can knock you off your feet and are impossible to predict. But in the same way seismologists are working to detect quakes critical seconds before the ground starts to shake, economists are watching a new realtime gauge for signs of an imminent downturn.

It’s called the Sahm Rule, the brainchild of former Federal Reserve economist Claudia Sahm.

Story continues here Subscription required