Historical Year Data · 2022
Unemployment Rate (U3) in 2022
Unemployment Rate (U3) opened 2022 at 4.00% and closed at 3.50%, a -12.50% move for the year. The high of 4.00% was reached on January 1, and the low of 3.50% on July 1.
Open
4.00%
2022-01
Close
3.50%
12 data points
High
4.00%
Jan 1
Low
3.50%
Jul 1
Full Year Change
-12.50%
2021 Change
-39.06%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 4.00% | 4.00% | 4.00% | 4.00% | +0.00% |
| Feb | 3.90% | 3.90% | 3.90% | 3.90% | +0.00% |
| Mar | 3.70% | 3.70% | 3.70% | 3.70% | +0.00% |
| Apr | 3.70% | 3.70% | 3.70% | 3.70% | +0.00% |
| May | 3.60% | 3.60% | 3.60% | 3.60% | +0.00% |
| Jun | 3.60% | 3.60% | 3.60% | 3.60% | +0.00% |
| Jul | 3.50% | 3.50% | 3.50% | 3.50% | +0.00% |
| Aug | 3.60% | 3.60% | 3.60% | 3.60% | +0.00% |
| Sep | 3.50% | 3.50% | 3.50% | 3.50% | +0.00% |
| Oct | 3.60% | 3.60% | 3.60% | 3.60% | +0.00% |
| Nov | 3.60% | 3.60% | 3.60% | 3.60% | +0.00% |
| Dec | 3.50% | 3.50% | 3.50% | 3.50% | +0.00% |
Events During 2022
2022 Fed Rate Hiking Cycle
Stagflation
March–December 2022
The Fed raised rates 425bps in 2022, the fastest hiking cycle since the Volcker era. The 60/40 portfolio posted its worst year since 1937.
2022 UK Mini-Budget & Gilt Crisis
Stagflation
September 23 – October 14, 2022
UK Prime Minister Liz Truss's September 23, 2022 mini-budget triggered a collapse in sterling and gilts. LDI pension strategies faced forced liquidation. The Bank of England intervened to prevent financial instability.
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