Historical Year Data · 2022
Atlanta Fed Wage Growth — Job Switchers in 2022
Atlanta Fed Wage Growth — Job Switchers opened 2022 at 5.80% and closed at 7.70%, a +32.76% move for the year. The high of 8.50% was reached on July 1, and the low of 5.80% on January 1.
Open
5.80%
2022-01
Close
7.70%
12 data points
High
8.50%
Jul 1
Low
5.80%
Jan 1
Full Year Change
+32.76%
2021 Change
+26.19%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 5.80% | 5.80% | 5.80% | 5.80% | +0.00% |
| Feb | 6.60% | 6.60% | 6.60% | 6.60% | +0.00% |
| Mar | 7.00% | 7.00% | 7.00% | 7.00% | +0.00% |
| Apr | 7.20% | 7.20% | 7.20% | 7.20% | +0.00% |
| May | 7.50% | 7.50% | 7.50% | 7.50% | +0.00% |
| Jun | 8.00% | 8.00% | 8.00% | 8.00% | +0.00% |
| Jul | 8.50% | 8.50% | 8.50% | 8.50% | +0.00% |
| Aug | 8.40% | 8.40% | 8.40% | 8.40% | +0.00% |
| Sep | 7.90% | 7.90% | 7.90% | 7.90% | +0.00% |
| Oct | 7.60% | 7.60% | 7.60% | 7.60% | +0.00% |
| Nov | 8.10% | 8.10% | 8.10% | 8.10% | +0.00% |
| Dec | 7.70% | 7.70% | 7.70% | 7.70% | +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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