datoid

September 1982 unemployment reached 10.10%, marking a 2.6 standard deviation spike above the 60-month average of 7.03%. This represents the peak of a steady 14-month climb from 7.20% in July 1981. The surge coincides with record-high CPI at 332.41 and Treasury yields jumping 10.6% to 4.47% over three months - classic stagflation indicators. Despite rising unemployment, GDP still grew 1.4%, suggesting complex economic dynamics at play. This unemployment peak occurred during the Volcker Fed's aggressive inflation fight. The simultaneous presence of high unemployment, inflation, and rising rates creates an unusual policy dilemma.