Simon Says: We may be in a recession
The Augusta Metropolitan Statistical Area economy is in a recession, according to one indicator. The Sahm indicator hit 0.6 in August and a reading higher than 0.5 indicates a recession. The Sahm indicator is named after its creator, Claudia Sahm. The Sahm Recession Indicator signals the start of a recession when the three-month moving average of the unemployment rate rises by 0.50 percentage points or more relative to the minimum of the three-month averages from the previous 12 months. In August, the local unemployment rate rose to 4.4 percent for