Historical Year Data · 1989

Sahm Rule Recession Indicator in 1989

Sahm Rule Recession Indicator opened 1989 at 0.03% and closed at 0.13%, a +333.33% move for the year. The high of 0.20% was reached on November 1, and the low of 0.03% on January 1.

Open

0.03%

1989-01

0.13%

9 data points

High

0.20%

Nov 1

Low

0.03%

Jan 1

Full Year Change

+333.33%

1988 Change

+0.00%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	0.03%	0.03%	0.03%	0.03%	+0.00%
May	0.03%	0.03%	0.03%	0.03%	+0.00%
Jun	0.13%	0.13%	0.13%	0.13%	+0.00%
Jul	0.10%	0.10%	0.10%	0.10%	+0.00%
Aug	0.10%	0.10%	0.10%	0.10%	+0.00%
Sep	0.10%	0.10%	0.10%	0.10%	+0.00%
Oct	0.13%	0.13%	0.13%	0.13%	+0.00%
Nov	0.20%	0.20%	0.20%	0.20%	+0.00%
Dec	0.13%	0.13%	0.13%	0.13%	+0.00%

Events During 1989

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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