Historical Year Data · 2023
Sahm Rule Recession Indicator in 2023
Sahm Rule Recession Indicator opened 2023 at -0.07% and closed at 0.23%, a +428.57% move for the year. The high of 0.33% was reached on October 1, and the low of -0.07% on January 1.
Open
-0.07%
2023-01
Close
0.23%
12 data points
High
0.33%
Oct 1
Low
-0.07%
Jan 1
Full Year Change
+428.57%
2022 Change
+115.00%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | -0.07% | -0.07% | -0.07% | -0.07% | +0.00% |
| Feb | 0.00% | 0.00% | 0.00% | 0.00% | +0.00% |
| Mar | 0.00% | 0.00% | 0.00% | 0.00% | +0.00% |
| Apr | 0.00% | 0.00% | 0.00% | 0.00% | +0.00% |
| May | 0.03% | 0.03% | 0.03% | 0.03% | +0.00% |
| Jun | 0.07% | 0.07% | 0.07% | 0.07% | +0.00% |
| Jul | 0.10% | 0.10% | 0.10% | 0.10% | +0.00% |
| Aug | 0.13% | 0.13% | 0.13% | 0.13% | +0.00% |
| Sep | 0.20% | 0.20% | 0.20% | 0.20% | +0.00% |
| Oct | 0.33% | 0.33% | 0.33% | 0.33% | +0.00% |
| Nov | 0.30% | 0.30% | 0.30% | 0.30% | +0.00% |
| Dec | 0.23% | 0.23% | 0.23% | 0.23% | +0.00% |
Events During 2023
2023 Silicon Valley Bank Collapse
Mixed
March 2023
Silicon Valley Bank collapsed on March 10, 2023, the second-largest bank failure in US history. The Fed's response redefined liquidity backstops for the banking system.
2023 Credit Suisse Forced Merger
Mixed
March 15-19, 2023
Credit Suisse was forced into an emergency acquisition by UBS over the weekend of March 18-19, 2023. The deal wiped out AT1 bondholders while preserving some equity, reshaping bank capital structure risk assessment globally.
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