Historical Year Data · 2023
Unemployment Rate (U3) in 2023
Unemployment Rate (U3) opened 2023 at 3.50% and closed at 3.80%, a +8.57% move for the year. The high of 3.90% was reached on October 1, and the low of 3.40% on April 1.
Open
3.50%
2023-01
Close
3.80%
12 data points
High
3.90%
Oct 1
Low
3.40%
Apr 1
Full Year Change
+8.57%
2022 Change
-12.50%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 3.50% | 3.50% | 3.50% | 3.50% | +0.00% |
| Feb | 3.60% | 3.60% | 3.60% | 3.60% | +0.00% |
| Mar | 3.50% | 3.50% | 3.50% | 3.50% | +0.00% |
| Apr | 3.40% | 3.40% | 3.40% | 3.40% | +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 | 3.70% | 3.70% | 3.70% | 3.70% | +0.00% |
| Sep | 3.70% | 3.70% | 3.70% | 3.70% | +0.00% |
| Oct | 3.90% | 3.90% | 3.90% | 3.90% | +0.00% |
| Nov | 3.70% | 3.70% | 3.70% | 3.70% | +0.00% |
| Dec | 3.80% | 3.80% | 3.80% | 3.80% | +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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