US National Debt vs Sahm Rule Indicator

US National Debt

Total US federal government debt

39.39T USD
+1.08%
Very High
39.5 39.1 38.8 Apr'26 May'26 Jun'26 Jul'26

Sahm Rule Indicator

Real-time recession indicator

0.07%
-46.15%
No Recession Signal
0.30 0.18 0.07 Feb'26 Mar'26 Apr'26 May'26

Indicator Comparison

US National Debt Sahm Rule Indicator
Current 39.39T USD 0.07%
Change +1.08% -46.15%
Status Very High No Recession Signal
Data Source FRED GFDEBTN FRED SAHMREALTIME
Update Frequency Quarterly Monthly
Last Updated July 6, 2026 June 1, 2026