Avg Hourly Earnings (Private) in 2015
Avg Hourly Earnings (Private) opened 2015 at $24.74 and closed at $25.25, a +2.06% move for the year. The high of $25.25 was reached on November 1, and the low of $24.74 on January 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | $24.74 | $24.74 | $24.74 | $24.74 | +0.00% |
| Feb | $24.79 | $24.79 | $24.79 | $24.79 | +0.00% |
| Mar | $24.85 | $24.85 | $24.85 | $24.85 | +0.00% |
| Apr | $24.89 | $24.89 | $24.89 | $24.89 | +0.00% |
| May | $24.97 | $24.97 | $24.97 | $24.97 | +0.00% |
| Jun | $24.97 | $24.97 | $24.97 | $24.97 | +0.00% |
| Jul | $25.01 | $25.01 | $25.01 | $25.01 | +0.00% |
| Aug | $25.1 | $25.1 | $25.1 | $25.1 | +0.00% |
| Sep | $25.11 | $25.11 | $25.11 | $25.11 | +0.00% |
| Oct | $25.2 | $25.2 | $25.2 | $25.2 | +0.00% |
| Nov | $25.25 | $25.25 | $25.25 | $25.25 | +0.00% |
| Dec | $25.25 | $25.25 | $25.25 | $25.25 | +0.00% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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