US National Debt vs Sahm Rule Indicator

US National Debt

Total US federal government debt

40.10T USD
+2.91%
Very High
40.2 39.5 38.9 Jun'26 Jul'26 Aug'26

Sahm Rule Indicator

Real-time recession indicator

-0.07%
-153.85%
No Recession Signal
0.30 0.11 -0.07 Feb'26 Mar'26 Apr'26 May'26 Jun'26 Jul'26

Indicator Comparison

US National Debt Sahm Rule Indicator
Current 40.10T USD -0.07%
Change +2.91% -153.85%
Status Very High No Recession Signal
Data Source FRED GFDEBTN FRED SAHMREALTIME
Update Frequency Quarterly Monthly
Last Updated September 3, 2026 August 1, 2026