Historical Year Data · 2006

Unemployment Rate (U3) in 2006

Unemployment Rate (U3) opened 2006 at 4.70% and closed at 4.40%, a -6.38% move for the year. The high of 4.80% was reached on February 1, and the low of 4.40% on October 1.

Open

4.70%

2006-01

4.40%

12 data points

High

4.80%

Feb 1

Low

4.40%

Oct 1

Full Year Change

-6.38%

2005 Change

-7.55%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	4.70%	4.70%	4.70%	4.70%	+0.00%
Feb	4.80%	4.80%	4.80%	4.80%	+0.00%
Mar	4.70%	4.70%	4.70%	4.70%	+0.00%
Apr	4.70%	4.70%	4.70%	4.70%	+0.00%
May	4.60%	4.60%	4.60%	4.60%	+0.00%
Jun	4.60%	4.60%	4.60%	4.60%	+0.00%
Jul	4.70%	4.70%	4.70%	4.70%	+0.00%
Aug	4.70%	4.70%	4.70%	4.70%	+0.00%
Sep	4.50%	4.50%	4.50%	4.50%	+0.00%
Oct	4.40%	4.40%	4.40%	4.40%	+0.00%
Nov	4.50%	4.50%	4.50%	4.50%	+0.00%
Dec	4.40%	4.40%	4.40%	4.40%	+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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