Historical Year Data · 2022
Underemployment Rate (U6) in 2022
Underemployment Rate (U6) opened 2022 at 7.10% and closed at 6.60%, a -7.04% move for the year. The high of 7.20% was reached on February 1, and the low of 6.60% on December 1.
Open
7.10%
2022-01
Close
6.60%
12 data points
High
7.20%
Feb 1
Low
6.60%
Dec 1
Full Year Change
-7.04%
2021 Change
-34.82%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 7.10% | 7.10% | 7.10% | 7.10% | +0.00% |
| Feb | 7.20% | 7.20% | 7.20% | 7.20% | +0.00% |
| Mar | 7.00% | 7.00% | 7.00% | 7.00% | +0.00% |
| Apr | 7.00% | 7.00% | 7.00% | 7.00% | +0.00% |
| May | 7.10% | 7.10% | 7.10% | 7.10% | +0.00% |
| Jun | 6.70% | 6.70% | 6.70% | 6.70% | +0.00% |
| Jul | 6.80% | 6.80% | 6.80% | 6.80% | +0.00% |
| Aug | 6.90% | 6.90% | 6.90% | 6.90% | +0.00% |
| Sep | 6.70% | 6.70% | 6.70% | 6.70% | +0.00% |
| Oct | 6.70% | 6.70% | 6.70% | 6.70% | +0.00% |
| Nov | 6.70% | 6.70% | 6.70% | 6.70% | +0.00% |
| Dec | 6.60% | 6.60% | 6.60% | 6.60% | +0.00% |
Events During 2022
2022 Fed Rate Hiking Cycle
Stagflation
March–December 2022
The Fed raised rates 425bps in 2022, the fastest hiking cycle since the Volcker era. The 60/40 portfolio posted its worst year since 1937.
2022 UK Mini-Budget & Gilt Crisis
Stagflation
September 23 – October 14, 2022
UK Prime Minister Liz Truss's September 23, 2022 mini-budget triggered a collapse in sterling and gilts. LDI pension strategies faced forced liquidation. The Bank of England intervened to prevent financial instability.
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