CoinWorld reported that researchers at the San Francisco Federal Reserve have proposed a new recession warning indicator, providing economists with more tools to assess whether the U.S. might fall into recession. This tool, called the Labor Market Stress Indicator (LMSI), reveals regional differences in the labor market by statistically counting the number of states where the unemployment rate has risen at least 0.5 percentage points from its lowest level in the past 12 months. The research report states: "Whenever 30 or more states simultaneously experience an accelerating rise in unemployment rates, the national economy almost always falls into recession. The LMSI method is transparent—only counting states with accelerating unemployment rates—easy to interpret, and also provides valuable insights into the geographical distribution of economic stress."