Historical Year Data · 1983

Sahm Rule Recession Indicator in 1983

Sahm Rule Recession Indicator opened 1983 at 2.13% and closed at 0.30%, a -85.92% move for the year. The high of 2.13% was reached on January 1, and the low of 0.30% on July 1.

Open

2.13%

1983-01

0.30%

7 data points

High

2.13%

Jan 1

Low

0.30%

Jul 1

Full Year Change

-85.92%

1982 Change

+92.68%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	2.13%	2.13%	2.13%	2.13%	+0.00%
Feb	1.87%	1.87%	1.87%	1.87%	+0.00%
Mar	1.57%	1.57%	1.57%	1.57%	+0.00%
Apr	1.27%	1.27%	1.27%	1.27%	+0.00%
May	0.97%	0.97%	0.97%	0.97%	+0.00%
Jun	0.70%	0.70%	0.70%	0.70%	+0.00%
Jul	0.30%	0.30%	0.30%	0.30%	+0.00%

Events During 1983

1982 Latin American Debt Crisis

Deflation

August 1982 – 1989

Mexico defaulted on its external debt in August 1982, triggering a seven-year crisis that engulfed Brazil, Argentina, Chile, and most of Latin America. The "lost decade" reshaped emerging market finance.

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