Historical Year Data · 2003

Sahm Rule Recession Indicator in 2003

Sahm Rule Recession Indicator opened 2003 at 0.23% and closed at 0.03%, a -86.96% move for the year. The high of 0.47% was reached on July 1, and the low of 0.03% on December 1.

Open

0.23%

2003-01

0.03%

12 data points

High

0.47%

Jul 1

Low

0.03%

Dec 1

Full Year Change

-86.96%

2002 Change

-81.25%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	0.23%	0.23%	0.23%	0.23%	+0.00%
Feb	0.20%	0.20%	0.20%	0.20%	+0.00%
Mar	0.13%	0.13%	0.13%	0.13%	+0.00%
Apr	0.13%	0.13%	0.13%	0.13%	+0.00%
May	0.20%	0.20%	0.20%	0.20%	+0.00%
Jun	0.40%	0.40%	0.40%	0.40%	+0.00%
Jul	0.47%	0.47%	0.47%	0.47%	+0.00%
Aug	0.47%	0.47%	0.47%	0.47%	+0.00%
Sep	0.37%	0.37%	0.37%	0.37%	+0.00%
Oct	0.30%	0.30%	0.30%	0.30%	+0.00%
Nov	0.23%	0.23%	0.23%	0.23%	+0.00%
Dec	0.03%	0.03%	0.03%	0.03%	+0.00%

Events During 2003

1990 Japanese Bubble Collapse

Deflation

January 1990 – 2003

The Nikkei 225 peaked at 38,957 on December 29, 1989, then fell 82% over 13 years. Japan entered its "lost decades" of deflation, zero rates, and structural stagnation that still shapes global markets today.

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