Historical Year Data · 2022
Avg Hourly Earnings (Private) in 2022
Avg Hourly Earnings (Private) opened 2022 at $31.6 and closed at $32.94, a +4.24% move for the year. The high of $32.94 was reached on December 1, and the low of $31.6 on January 1.
Open
$31.6
2022-01
Close
$32.94
12 data points
High
$32.94
Dec 1
Low
$31.6
Jan 1
Full Year Change
+4.24%
2021 Change
+4.88%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | $31.6 | $31.6 | $31.6 | $31.6 | +0.00% |
| Feb | $31.64 | $31.64 | $31.64 | $31.64 | +0.00% |
| Mar | $31.8 | $31.8 | $31.8 | $31.8 | +0.00% |
| Apr | $31.96 | $31.96 | $31.96 | $31.96 | +0.00% |
| May | $32.1 | $32.1 | $32.1 | $32.1 | +0.00% |
| Jun | $32.19 | $32.19 | $32.19 | $32.19 | +0.00% |
| Jul | $32.34 | $32.34 | $32.34 | $32.34 | +0.00% |
| Aug | $32.44 | $32.44 | $32.44 | $32.44 | +0.00% |
| Sep | $32.57 | $32.57 | $32.57 | $32.57 | +0.00% |
| Oct | $32.7 | $32.7 | $32.7 | $32.7 | +0.00% |
| Nov | $32.82 | $32.82 | $32.82 | $32.82 | +0.00% |
| Dec | $32.94 | $32.94 | $32.94 | $32.94 | +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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