Historical Year Data · 2023
Unemployment Rate (Black) in 2023
Unemployment Rate (Black) opened 2023 at 5.40% and closed at 5.20%, a -3.70% move for the year. The high of 6.00% was reached on June 1, and the low of 4.80% on April 1.
Open
5.40%
2023-01
Close
5.20%
12 data points
High
6.00%
Jun 1
Low
4.80%
Apr 1
Full Year Change
-3.70%
2022 Change
-17.14%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 5.40% | 5.40% | 5.40% | 5.40% | +0.00% |
| Feb | 5.80% | 5.80% | 5.80% | 5.80% | +0.00% |
| Mar | 5.10% | 5.10% | 5.10% | 5.10% | +0.00% |
| Apr | 4.80% | 4.80% | 4.80% | 4.80% | +0.00% |
| May | 5.70% | 5.70% | 5.70% | 5.70% | +0.00% |
| Jun | 6.00% | 6.00% | 6.00% | 6.00% | +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 | 5.70% | 5.70% | 5.70% | 5.70% | +0.00% |
| Oct | 5.80% | 5.80% | 5.80% | 5.80% | +0.00% |
| Nov | 5.70% | 5.70% | 5.70% | 5.70% | +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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