Historical Year Data · 2023
Atlanta Fed Wage Growth — Job Switchers in 2023
Atlanta Fed Wage Growth — Job Switchers opened 2023 at 7.30% and closed at 5.60%, a -23.29% move for the year. The high of 7.30% was reached on January 1, and the low of 5.50% on November 1.
Open
7.30%
2023-01
Close
5.60%
12 data points
High
7.30%
Jan 1
Low
5.50%
Nov 1
Full Year Change
-23.29%
2022 Change
+32.76%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 7.30% | 7.30% | 7.30% | 7.30% | +0.00% |
| Feb | 6.80% | 6.80% | 6.80% | 6.80% | +0.00% |
| Mar | 7.20% | 7.20% | 7.20% | 7.20% | +0.00% |
| Apr | 6.70% | 6.70% | 6.70% | 6.70% | +0.00% |
| May | 6.70% | 6.70% | 6.70% | 6.70% | +0.00% |
| Jun | 6.20% | 6.20% | 6.20% | 6.20% | +0.00% |
| Jul | 6.60% | 6.60% | 6.60% | 6.60% | +0.00% |
| Aug | 5.70% | 5.70% | 5.70% | 5.70% | +0.00% |
| Sep | 5.70% | 5.70% | 5.70% | 5.70% | +0.00% |
| Oct | 5.60% | 5.60% | 5.60% | 5.60% | +0.00% |
| Nov | 5.50% | 5.50% | 5.50% | 5.50% | +0.00% |
| Dec | 5.60% | 5.60% | 5.60% | 5.60% | +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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