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Sahm Rule Recession Indicator (current data)

Series SAHMCURRENT — Sahm rule (revised-data version).

Latest value: 0.00 pp for September 2026, −0.23 pp from a year earlier (against September 2025). 141 monthly observations from January 2015 to September 2026, in percentage points. Source: FRED (FRED route); context series, not an input to the Nowflation CPI Gauge.

Latest observations

PeriodValue
September 20260.00 pp
August 2026−0.07 pp
July 2026−0.03 pp
June 20260.07 pp
May 20260.10 pp
April 20260.13 pp
March 20260.20 pp
February 20260.27 pp
January 20260.30 pp
December 20250.35 pp
November 20250.35 pp
October 20250.25 pp

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Cite: Nowflation, “Sahm Rule Recession Indicator (current data)” (SAHMCURRENT), data from FRED, retrieved October 18, 2026, https://nowflation.com/series/SAHMCURRENT. The series at its source: FRED.

Related series

Real-time Sahm Rule Recession Indicator · All Employees, Total Nonfarm (Nonfarm Payrolls, seasonally adjusted) · U-6 underemployment rate · Unemployment Rate (U-3, seasonally adjusted)

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