
Will the U.S. unemployment rate reach 8.5 percent in 2009?
News reports were available by 8:50 AM EDT, so the question is settled as YES and suspended as of that time. Wagers made after that time are to be voided and refunded.
Unemployment rate bolts to 8.5 percent, a 25-year high
By Jeanine AversaAssociated PressPosted: 04/03/2009 05:50:53 AM PDT
WASHINGTON — Unemployment zoomed to 8.5 percent last month, the highest in a quarter-century, as employers axed 663,000 more workers and pushed the nation's jobless ranks past 13 million. The hard times were only expected to get harder — a painful 10 percent jobless rate before long.
http://www.google.com/hostednews/ap/article/ALeqM5jsanM66tszKz1zFq0LOG4XvWS7zAD97B57BO0
Background:>
Settlement details:Settles as "yes" if the national unemployment rate equals or exceeds 8.5 percent at any time in 2009, as reported by Reuters.com
- Activity: H$209,065 |
- Predictions: 225 |
Comments: 12
Suspend date: Thu 31st Dec 11:59pm PST (5 weeks to go)
Settlement date: Sat 4th Apr 7:31am PST
Prediction cut-off: Predictions on this question after Fri 3rd Apr 4:50am PST have been voided because they were made after the question could be settled
Initial likelihoods: Yes: 50%
Action history:
8.5% officially today
Unemployment rate bolts to 8.5 percent, a 25-year high
By Jeanine AversaAssociated PressPosted: 04/03/2009 05:50:53 AM PDT
WASHINGTON — Unemployment zoomed to 8.5 percent last month, the highest in a quarter-century, as employers axed 663,000 more workers and pushed the nation's jobless ranks past 13 million. The hard times were only expected to get harder — a painful 10 percent jobless rate before long.
http://www.google.com/hostednews/ap/article/ALeqM5jsanM66tszKz1zFq0LOG4XvWS7zAD97B57BO0
Suspend date: Thu 31st Dec 11:59pm PST (5 weeks to go)
Settlement date: Sat 4th Apr 7:31am PST
Prediction cut-off: Predictions on this question after Fri 3rd Apr 4:50am PST have been voided because they were made after the question could be settled details
Predictions (225)
Comments (12)
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http://www.foxnews.com/story/0,2933,487425,00.html
President Obama and the Democrats’ “stimulus” package will increase the unemployment rate. The changes they propose will also make us poorer, with fewer, less productive jobs.
The most obvious explanation is the $36 billion in increased unemployment insurance benefits. Larger benefits at least for this year will encourage some people, who may be unhappy with their jobs, to be unemployed while they look for something better. Others will be a little more reluctant to take a new job when they are offered it. Unlike the rest of the “stimulus” package that is over two years, since the increased benefits are only planned for this year, the higher payments will increase unemployment this year and then start declining soon after the extension ends.
Yet, the “stimulus” package will do something else that will increase unemployment at least as much. Most of the new jobs will be for people who are currently employed. By moving money from places where it is currently being spent to places where the government wants it spent, you move the jobs also. But it takes time for people to move between jobs. That is called unemployment.
[more at the link]
Just a comment on that label - a report is written about something that has happened. This was not a report but an opinion piece written by John R. Lott, Jr - if you notice, it was clearly labeled as that. If you have a different opinion, it would be interesting to hear it, along with the supporting data that leads you to whatever your conclusion is. However, we will have to wait for the outcome before we can have reports.
then you are too, f_o_f
@nn,
I guess it should have been: ant Obama publications (more generally spoken)
but it doesn´t make a difference. fox publishing anti Obama content does not surprise me.
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