Historical Year Data · 2008

Underemployment Rate (U6) in 2008

Underemployment Rate (U6) opened 2008 at 9.10% and closed at 13.60%, a +49.45% move for the year. The high of 13.60% was reached on December 1, and the low of 9.00% on February 1.

Open

9.10%

2008-01

13.60%

12 data points

High

13.60%

Dec 1

Low

9.00%

Feb 1

Full Year Change

+49.45%

2007 Change

+6.02%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	9.10%	9.10%	9.10%	9.10%	+0.00%
Feb	9.00%	9.00%	9.00%	9.00%	+0.00%
Mar	9.10%	9.10%	9.10%	9.10%	+0.00%
Apr	9.20%	9.20%	9.20%	9.20%	+0.00%
May	9.70%	9.70%	9.70%	9.70%	+0.00%
Jun	10.00%	10.00%	10.00%	10.00%	+0.00%
Jul	10.50%	10.50%	10.50%	10.50%	+0.00%
Aug	10.80%	10.80%	10.80%	10.80%	+0.00%
Sep	11.10%	11.10%	11.10%	11.10%	+0.00%
Oct	11.80%	11.80%	11.80%	11.80%	+0.00%
Nov	12.70%	12.70%	12.70%	12.70%	+0.00%
Dec	13.60%	13.60%	13.60%	13.60%	+0.00%

Events During 2008

2008 Financial Crisis

Deflation

September 2007 – March 2009

The 2008 Financial Crisis remains the deepest and most instructive market event of the 21st century. Subprime losses cascaded through leveraged balance sheets, froze interbank lending, and forced unprecedented central bank intervention.

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