Historical Year Data · 2016
Underemployment Rate (U6) in 2016
Underemployment Rate (U6) opened 2016 at 9.70% and closed at 9.20%, a -5.15% move for the year. The high of 9.90% was reached on April 1, and the low of 9.20% on December 1.
Open
9.70%
2016-01
Close
9.20%
12 data points
High
9.90%
Apr 1
Low
9.20%
Dec 1
Full Year Change
-5.15%
2015 Change
-11.61%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 9.70% | 9.70% | 9.70% | 9.70% | +0.00% |
| Feb | 9.60% | 9.60% | 9.60% | 9.60% | +0.00% |
| Mar | 9.80% | 9.80% | 9.80% | 9.80% | +0.00% |
| Apr | 9.90% | 9.90% | 9.90% | 9.90% | +0.00% |
| May | 9.90% | 9.90% | 9.90% | 9.90% | +0.00% |
| Jun | 9.50% | 9.50% | 9.50% | 9.50% | +0.00% |
| Jul | 9.60% | 9.60% | 9.60% | 9.60% | +0.00% |
| Aug | 9.60% | 9.60% | 9.60% | 9.60% | +0.00% |
| Sep | 9.70% | 9.70% | 9.70% | 9.70% | +0.00% |
| Oct | 9.60% | 9.60% | 9.60% | 9.60% | +0.00% |
| Nov | 9.40% | 9.40% | 9.40% | 9.40% | +0.00% |
| Dec | 9.20% | 9.20% | 9.20% | 9.20% | +0.00% |
Events During 2016
2016 Brexit Vote
Goldilocks
June 23–24, 2016
The UK voted to leave the European Union on June 23, 2016. The pound fell 10% overnight, its largest single-day drop since floating in 1971.
2014-2016 Oil Price Collapse
Deflation
June 2014 – February 2016
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.
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