Unemployment Rate (Black) in 2015
Unemployment Rate (Black) opened 2015 at 10.30% and closed at 8.50%, a -17.48% move for the year. The high of 10.30% was reached on January 1, and the low of 8.50% on December 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 10.30% | 10.30% | 10.30% | 10.30% | +0.00% |
| Feb | 10.10% | 10.10% | 10.10% | 10.10% | +0.00% |
| Mar | 9.90% | 9.90% | 9.90% | 9.90% | +0.00% |
| Apr | 9.70% | 9.70% | 9.70% | 9.70% | +0.00% |
| May | 10.30% | 10.30% | 10.30% | 10.30% | +0.00% |
| Jun | 9.70% | 9.70% | 9.70% | 9.70% | +0.00% |
| Jul | 9.10% | 9.10% | 9.10% | 9.10% | +0.00% |
| Aug | 9.40% | 9.40% | 9.40% | 9.40% | +0.00% |
| Sep | 9.30% | 9.30% | 9.30% | 9.30% | +0.00% |
| Oct | 9.00% | 9.00% | 9.00% | 9.00% | +0.00% |
| Nov | 9.40% | 9.40% | 9.40% | 9.40% | +0.00% |
| Dec | 8.50% | 8.50% | 8.50% | 8.50% | +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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