Historical Year Data · 2006

Underemployment Rate (U6) in 2006

Underemployment Rate (U6) opened 2006 at 8.40% and closed at 7.90%, a -5.95% move for the year. The high of 8.50% was reached on July 1, and the low of 7.90% on December 1.

Open

8.40%

2006-01

7.90%

12 data points

High

8.50%

Jul 1

Low

7.90%

Dec 1

Full Year Change

-5.95%

2005 Change

-6.52%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	8.40%	8.40%	8.40%	8.40%	+0.00%
Feb	8.40%	8.40%	8.40%	8.40%	+0.00%
Mar	8.20%	8.20%	8.20%	8.20%	+0.00%
Apr	8.10%	8.10%	8.10%	8.10%	+0.00%
May	8.20%	8.20%	8.20%	8.20%	+0.00%
Jun	8.40%	8.40%	8.40%	8.40%	+0.00%
Jul	8.50%	8.50%	8.50%	8.50%	+0.00%
Aug	8.40%	8.40%	8.40%	8.40%	+0.00%
Sep	8.00%	8.00%	8.00%	8.00%	+0.00%
Oct	8.20%	8.20%	8.20%	8.20%	+0.00%
Nov	8.10%	8.10%	8.10%	8.10%	+0.00%
Dec	7.90%	7.90%	7.90%	7.90%	+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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