Historical Year Data · 2023
Atlanta Fed Wage Growth Tracker — Overall in 2023
Atlanta Fed Wage Growth Tracker — Overall opened 2023 at 6.10% and closed at 5.20%, a -14.75% move for the year. The high of 6.40% was reached on March 1, and the low of 5.00% on November 1.
Open
6.10%
2023-01
Close
5.20%
12 data points
High
6.40%
Mar 1
Low
5.00%
Nov 1
Full Year Change
-14.75%
2022 Change
+19.61%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 6.10% | 6.10% | 6.10% | 6.10% | +0.00% |
| Feb | 6.10% | 6.10% | 6.10% | 6.10% | +0.00% |
| Mar | 6.40% | 6.40% | 6.40% | 6.40% | +0.00% |
| Apr | 6.00% | 6.00% | 6.00% | 6.00% | +0.00% |
| May | 5.90% | 5.90% | 5.90% | 5.90% | +0.00% |
| Jun | 5.60% | 5.60% | 5.60% | 5.60% | +0.00% |
| Jul | 5.70% | 5.70% | 5.70% | 5.70% | +0.00% |
| Aug | 5.30% | 5.30% | 5.30% | 5.30% | +0.00% |
| Sep | 5.20% | 5.20% | 5.20% | 5.20% | +0.00% |
| Oct | 5.10% | 5.10% | 5.10% | 5.10% | +0.00% |
| Nov | 5.00% | 5.00% | 5.00% | 5.00% | +0.00% |
| Dec | 5.20% | 5.20% | 5.20% | 5.20% | +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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