Historical Year Data · 2022
Canada Unemployment in 2022
Canada Unemployment opened 2022 at 6.40% and closed at 5.00%, a -21.88% move for the year. The high of 6.40% was reached on January 1, and the low of 4.80% on July 1.
Open
6.40%
2022-01
Close
5.00%
12 data points
High
6.40%
Jan 1
Low
4.80%
Jul 1
Full Year Change
-21.88%
2021 Change
-35.87%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 6.40% | 6.40% | 6.40% | 6.40% | +0.00% |
| Feb | 5.50% | 5.50% | 5.50% | 5.50% | +0.00% |
| Mar | 5.40% | 5.40% | 5.40% | 5.40% | +0.00% |
| Apr | 5.40% | 5.40% | 5.40% | 5.40% | +0.00% |
| May | 5.20% | 5.20% | 5.20% | 5.20% | +0.00% |
| Jun | 4.90% | 4.90% | 4.90% | 4.90% | +0.00% |
| Jul | 4.80% | 4.80% | 4.80% | 4.80% | +0.00% |
| Aug | 5.20% | 5.20% | 5.20% | 5.20% | +0.00% |
| Sep | 5.10% | 5.10% | 5.10% | 5.10% | +0.00% |
| Oct | 5.10% | 5.10% | 5.10% | 5.10% | +0.00% |
| Nov | 5.00% | 5.00% | 5.00% | 5.00% | +0.00% |
| Dec | 5.00% | 5.00% | 5.00% | 5.00% | +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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