Historical Year Data · 2016
Unemployment Rate (Black) in 2016
Unemployment Rate (Black) opened 2016 at 8.50% and closed at 8.00%, a -5.88% move for the year. The high of 8.90% was reached on March 1, and the low of 8.00% on August 1.
Open
8.50%
2016-01
Close
8.00%
12 data points
High
8.90%
Mar 1
Low
8.00%
Aug 1
Full Year Change
-5.88%
2015 Change
-17.48%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 8.50% | 8.50% | 8.50% | 8.50% | +0.00% |
| Feb | 8.60% | 8.60% | 8.60% | 8.60% | +0.00% |
| Mar | 8.90% | 8.90% | 8.90% | 8.90% | +0.00% |
| Apr | 8.80% | 8.80% | 8.80% | 8.80% | +0.00% |
| May | 8.20% | 8.20% | 8.20% | 8.20% | +0.00% |
| Jun | 8.70% | 8.70% | 8.70% | 8.70% | +0.00% |
| Jul | 8.20% | 8.20% | 8.20% | 8.20% | +0.00% |
| Aug | 8.00% | 8.00% | 8.00% | 8.00% | +0.00% |
| Sep | 8.50% | 8.50% | 8.50% | 8.50% | +0.00% |
| Oct | 8.50% | 8.50% | 8.50% | 8.50% | +0.00% |
| Nov | 8.20% | 8.20% | 8.20% | 8.20% | +0.00% |
| Dec | 8.00% | 8.00% | 8.00% | 8.00% | +0.00% |
Events During 2016
2016 Brexit Vote
Goldilocks
June 23–24, 2016
The UK voted to leave the European Union on June 23, 2016. The pound fell 10% overnight, its largest single-day drop since floating in 1971.
2014-2016 Oil Price Collapse
Deflation
June 2014 – February 2016
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
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