Unemployed 5 to 14 Weeks in 2015
Unemployed 5 to 14 Weeks opened 2015 at 2,319 and closed at 2,191, a -5.52% move for the year. The high of 2,510 was reached on May 1, and the low of 2,191 on December 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 2,319 | 2,319 | 2,319 | 2,319 | +0.00% |
| Feb | 2,238 | 2,238 | 2,238 | 2,238 | +0.00% |
| Mar | 2,304 | 2,304 | 2,304 | 2,304 | +0.00% |
| Apr | 2,345 | 2,345 | 2,345 | 2,345 | +0.00% |
| May | 2,510 | 2,510 | 2,510 | 2,510 | +0.00% |
| Jun | 2,396 | 2,396 | 2,396 | 2,396 | +0.00% |
| Jul | 2,222 | 2,222 | 2,222 | 2,222 | +0.00% |
| Aug | 2,329 | 2,329 | 2,329 | 2,329 | +0.00% |
| Sep | 2,274 | 2,274 | 2,274 | 2,274 | +0.00% |
| Oct | 2,277 | 2,277 | 2,277 | 2,277 | +0.00% |
| Nov | 2,296 | 2,296 | 2,296 | 2,296 | +0.00% |
| Dec | 2,191 | 2,191 | 2,191 | 2,191 | +0.00% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
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.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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