Sahm rule
Now 0.00 (Sep 1, 2026), before −0.07, a year ago 0.23.
How to read it
A recession rule of thumb: the 3-month average unemployment rate 0.5 pp above its low of the previous 12 months. It has marked the start of every US recession since 1970; it can give a false alarm when labour supply jumps.
Source: FRED · monthly