Historical Year Data · 2016
Sahm Rule Recession Indicator in 2016
Sahm Rule Recession Indicator opened 2016 at -0.03% and closed at -0.07%, a -133.33% move for the year. The high of 0.10% was reached on September 1, and the low of -0.07% on December 1.
Open
-0.03%
2016-01
Close
-0.07%
12 data points
High
0.10%
Sep 1
Low
-0.07%
Dec 1
Full Year Change
-133.33%
2015 Change
+0.00%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | -0.03% | -0.03% | -0.03% | -0.03% | +0.00% |
| Feb | -0.03% | -0.03% | -0.03% | -0.03% | +0.00% |
| Mar | 0.00% | 0.00% | 0.00% | 0.00% | +0.00% |
| Apr | 0.03% | 0.03% | 0.03% | 0.03% | +0.00% |
| May | -0.03% | -0.03% | -0.03% | -0.03% | +0.00% |
| Jun | -0.03% | -0.03% | -0.03% | -0.03% | +0.00% |
| Jul | -0.03% | -0.03% | -0.03% | -0.03% | +0.00% |
| Aug | 0.07% | 0.07% | 0.07% | 0.07% | +0.00% |
| Sep | 0.10% | 0.10% | 0.10% | 0.10% | +0.00% |
| Oct | 0.10% | 0.10% | 0.10% | 0.10% | +0.00% |
| Nov | 0.00% | 0.00% | 0.00% | 0.00% | +0.00% |
| Dec | -0.07% | -0.07% | -0.07% | -0.07% | +0.00% |
Events During 2016
2016 Brexit Vote
Goldilocks
June 23–24, 2016
The UK voted to leave the European Union on June 23, 2016. The pound fell 10% overnight, its largest single-day drop since floating in 1971.
2014-2016 Oil Price Collapse
Deflation
June 2014 – February 2016
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.
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