Historical Year Data · 2006

Unemployment Rate (Black) in 2006

Unemployment Rate (Black) opened 2006 at 8.90% and closed at 8.30%, a -6.74% move for the year. The high of 9.50% was reached on February 1, and the low of 8.30% on December 1.

Open

8.90%

2006-01

8.30%

12 data points

High

9.50%

Feb 1

Low

8.30%

Dec 1

Full Year Change

-6.74%

2005 Change

-13.21%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	8.90%	8.90%	8.90%	8.90%	+0.00%
Feb	9.50%	9.50%	9.50%	9.50%	+0.00%
Mar	9.50%	9.50%	9.50%	9.50%	+0.00%
Apr	9.40%	9.40%	9.40%	9.40%	+0.00%
May	8.70%	8.70%	8.70%	8.70%	+0.00%
Jun	8.90%	8.90%	8.90%	8.90%	+0.00%
Jul	9.50%	9.50%	9.50%	9.50%	+0.00%
Aug	8.80%	8.80%	8.80%	8.80%	+0.00%
Sep	9.00%	9.00%	9.00%	9.00%	+0.00%
Oct	8.40%	8.40%	8.40%	8.40%	+0.00%
Nov	8.50%	8.50%	8.50%	8.50%	+0.00%
Dec	8.30%	8.30%	8.30%	8.30%	+0.00%

Events During 2006

2006 US Housing Market Peak

Goldilocks

June 2006 – February 2007

US home prices peaked in summer 2006 after a 106% rally from 2000. Subprime mortgage underwriting collapsed in late 2006, setting up the 2008 crisis. The peak is the canonical example of a market top visible only in retrospect.

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