Australia Unemployment in 2015
Australia Unemployment opened 2015 at 6.35% and closed at 5.74%, a -9.62% move for the year. The high of 6.35% was reached on January 1, and the low of 5.74% on December 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 6.35% | 6.35% | 6.35% | 6.35% | +0.00% |
| Feb | 6.15% | 6.15% | 6.15% | 6.15% | +0.00% |
| Mar | 6.10% | 6.10% | 6.10% | 6.10% | +0.00% |
| Apr | 6.11% | 6.11% | 6.11% | 6.11% | +0.00% |
| May | 5.93% | 5.93% | 5.93% | 5.93% | +0.00% |
| Jun | 6.01% | 6.01% | 6.01% | 6.01% | +0.00% |
| Jul | 6.28% | 6.28% | 6.28% | 6.28% | +0.00% |
| Aug | 6.09% | 6.09% | 6.09% | 6.09% | +0.00% |
| Sep | 6.17% | 6.17% | 6.17% | 6.17% | +0.00% |
| Oct | 5.91% | 5.91% | 5.91% | 5.91% | +0.00% |
| Nov | 5.85% | 5.85% | 5.85% | 5.85% | +0.00% |
| Dec | 5.74% | 5.74% | 5.74% | 5.74% | +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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