Historical Year Data · 2022
Avg Hourly Earnings (Production) in 2022
Avg Hourly Earnings (Production) opened 2022 at $26.91 and closed at $28.22, a +4.87% move for the year. The high of $28.22 was reached on December 1, and the low of $26.91 on January 1.
Open
$26.91
2022-01
Close
$28.22
12 data points
High
$28.22
Dec 1
Low
$26.91
Jan 1
Full Year Change
+4.87%
2021 Change
+6.36%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | $26.91 | $26.91 | $26.91 | $26.91 | +0.00% |
| Feb | $26.97 | $26.97 | $26.97 | $26.97 | +0.00% |
| Mar | $27.1 | $27.1 | $27.1 | $27.1 | +0.00% |
| Apr | $27.28 | $27.28 | $27.28 | $27.28 | +0.00% |
| May | $27.4 | $27.4 | $27.4 | $27.4 | +0.00% |
| Jun | $27.52 | $27.52 | $27.52 | $27.52 | +0.00% |
| Jul | $27.66 | $27.66 | $27.66 | $27.66 | +0.00% |
| Aug | $27.75 | $27.75 | $27.75 | $27.75 | +0.00% |
| Sep | $27.87 | $27.87 | $27.87 | $27.87 | +0.00% |
| Oct | $27.99 | $27.99 | $27.99 | $27.99 | +0.00% |
| Nov | $28.11 | $28.11 | $28.11 | $28.11 | +0.00% |
| Dec | $28.22 | $28.22 | $28.22 | $28.22 | +0.00% |
Events During 2022
2022 Fed Rate Hiking Cycle
Stagflation
March–December 2022
The Fed raised rates 425bps in 2022, the fastest hiking cycle since the Volcker era. The 60/40 portfolio posted its worst year since 1937.
2022 UK Mini-Budget & Gilt Crisis
Stagflation
September 23 – October 14, 2022
UK Prime Minister Liz Truss's September 23, 2022 mini-budget triggered a collapse in sterling and gilts. LDI pension strategies faced forced liquidation. The Bank of England intervened to prevent financial instability.
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