US National Debt vs Sahm Rule Indicator

US National Debt

Total US federal government debt

38.95T USD
-0.04%
Very High
39.1 38.7 38.4 Feb'26 Mar'26 Apr'26 May'26

Sahm Rule Indicator

Real-time recession indicator

0.13%
-35.00%
No Recession Signal
0.30 0.21 0.13 Feb'26 Mar'26

Indicator Comparison

US National Debt Sahm Rule Indicator
Current 38.95T USD 0.13%
Change -0.04% -35.00%
Status Very High No Recession Signal
Data Source FRED GFDEBTN FRED SAHMREALTIME
Update Frequency Quarterly Monthly
Last Updated May 14, 2026 April 1, 2026