CycleWatch

Signals › Labor Market

MS_RULE · DERIVED

Michaillat-Saez rule

min(delta-u, -delta-v). Thresholds 0.29 / 0.81. Beats Sahm by ~1.5 months.

Latest reading

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No free source.

Signal

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Not in the fit. No verdict.

Use
Benchmark: scored against the model, never an input

Where it fits

Labor Market: Detect the income-to-consumption feedback loop that turns a slowdown into a recession. The model averages the standardised signals in each block into a block score, then combines the twelve block scores in a probit. Today the 12-block model reads 1.6%.

Other signals in this block