Historical Year Data · 2006

Unemployed 27+ Weeks (Long-Term) in 2006

Unemployed 27+ Weeks (Long-Term) opened 2006 at 1,170 and closed at 1,093, a -6.58% move for the year. The high of 1,350 was reached on February 1, and the low of 1,078 on October 1.

Open

1,170

2006-01

1,093

12 data points

High

1,350

Feb 1

Low

1,078

Oct 1

Full Year Change

-6.58%

2005 Change

-17.72%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	1,170	1,170	1,170	1,170	+0.00%
Feb	1,350	1,350	1,350	1,350	+0.00%
Mar	1,309	1,309	1,309	1,309	+0.00%
Apr	1,331	1,331	1,331	1,331	+0.00%
May	1,333	1,333	1,333	1,333	+0.00%
Jun	1,145	1,145	1,145	1,145	+0.00%
Jul	1,304	1,304	1,304	1,304	+0.00%
Aug	1,306	1,306	1,306	1,306	+0.00%
Sep	1,245	1,245	1,245	1,245	+0.00%
Oct	1,078	1,078	1,078	1,078	+0.00%
Nov	1,131	1,131	1,131	1,131	+0.00%
Dec	1,093	1,093	1,093	1,093	+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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