You may have gotten the unsolicited texts, LinkedIn messages or other offers from phony recruiters. It’s hard to blow those off if you are in fact waiting to hear about a job, and these scams are getting more sophisticated.
Economists are closely watching the Sahm Rule, named after a former Fed economist Claudia Sahm. It uses increases in the unemployment rate to flag a recession and has a terrific track record. Let’s turn to economist Julia Coronado at MacroPolicy Perspectives for guidance.
After a banking collapse that wiped out life savings and a run of hyperinflation, people in Lebanon use the U.S. dollar a lot. This creates challenges for a fragile economy where many have lost all trust in the financial system. The BBC’s Hannah McCarthy reports.
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