Created Thu 25th Dec 2008 4:19pm PST by

deanthoreau

How many jobs will the USA shed in January 2009?

Settled as more than 500,000

Non-farm payrolls fell by 598,000 in January according to this story in the Wall Street Journal: http://online.wsj.com/article/SB123392041675356609.html?mod=

Background:

Background: In November, America shed more than 500,000 jobs, the worst single-month record in thirty-four years. We lost more than 2 million over the course of 2008--and the crash is accelerating across the globe.
sources:
http://www.thenation.com/doc/20090112/borosage_lotke?rel=hp_picks

Settlement details:As reported by a major mainstream news source. Usually the job loss rate is announced by the 25th of the following month. Therefore people can predict up until the actual announcement of the number.

Forecast history %

less than 500,000

10%

more than 500,000

90%

Settled as more than 500,000 on Sat 7th Feb 3:16pm PST

Activity: H$35,525
Predictions: 81
Comments: 14

Suspend date: Wed 25th Feb 11:59pm PST
Settlement date: Sat 7th Feb 3:16pm PST

Initial likelihoods: less than 500,000: 40%, more than 500,000: 60%

Action history:

Created Thu 25th Dec 2008 4:19pm PST by

deanthoreau

Settlement requested Fri 6th Feb 5:40am PST by

coolkraft Level 14, Prophet (H$130,285)

: http://www.cnbc.com/id/29051078

over 500,000 job loss

Suspended Fri 6th Feb 5:47am PST by

kruijs [Power User]

: Suspended pending settlement

Settlement requested Fri 6th Feb 5:47am PST by

kruijs [Power User]

: Please review coolkraft's settlement info. (market suspended)

Suspended Fri 6th Feb 5:47am PST by

kruijs [Power User]

: Suspended pending settlement

Settlement requested Fri 6th Feb 5:47am PST by

kruijs [Power User]

: Please review coolkraft's settlement info. (market suspended)

Settlement requested Fri 6th Feb 5:59am PST by

oppugner Level 14, Prophet (H$113,153)

: 598,000
http://news.theage.com.au/breaking-news-world/us-unemployment-hits-76-598000-jobs-lost-20090207-803x.html

Settlement requested Fri 6th Feb 6:02am PST by

rassi

: Should be settled as "More than 500,000".

Non-farm payrolls fell by 598,000 in January according to this story in the Wall Street Journal: http://online.wsj.com/article/SB123392041675356609.html?mod=

Settled as 'more than 500,000' Sat 7th Feb 3:16pm PST by

bayoubear [Admin]

: Non-farm payrolls fell by 598,000 in January according to this story in the Wall Street Journal: http://online.wsj.com/article/SB123392041675356609.html?mod=

hide

Suspend date: Wed 25th Feb 11:59pm PST
Settlement date: Sat 7th Feb 3:16pm PST details

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Predictions (81)

41 weeks ago

joaoxxx Level 13, Psychic (H$97,095)

predicted more than 500,000 (H$3,000 at 88%)

41 weeks ago

mernahuana Level 11, Legend (H$15,705)

predicted more than 500,000 (H$998 at 83%)

42 weeks ago

drlinn Level 1, Newbie (H$848)

predicted more than 500,000 (H$100 at 83%)

42 weeks ago

tommyboy Level 1, Newbie (H$769)

predicted more than 500,000 (H$20 at 77%)

42 weeks ago

rassi

predicted more than 500,000 (H$1,000 at 75%)

Comments (14)

ironman288 Level 12, Guru (H$37,574)

Last I heard from the Obamaphiles just the knowledge that he was taking office had "already turned the economy around". I guess they jumped the gun a bit ;)

posted 47 weeks ago

deanthoreau

Even the Obamaphiles know it will take aobut 7 years just to undo the past 8 years....if we are lucky!

posted 47 weeks ago

lola

ANALYSIS-Job cuts soar as small U.S. firms fight to survive
By Emily Kaiser

WASHINGTON, Jan 7 (Reuters) - The battered U.S. job market may be losing one of its last remaining sources of strength as small businesses begin aggressively cutting payrolls in the face of a dismal holiday shopping season. A report on Wednesday showed private sector job losses of 693,000 in December, far greater than economists had expected. Small businesses accounted for an unusually large 40 percent of the decline, according to the figures from ADP Employer Services and Macroeconomic Advisers. If a government report on December employment on Friday is as dire as the data from ADP, it may be a sign that another pillar of the economy -- small business -- is buckling as the recession drags on into a second year.

http://tinyurl.com/9gw3g4

posted 45 weeks ago

ejayz

Drudge is reporting that Hertz shed 21,000 job alone yesterday

posted 43 weeks ago

coolkraft Level 14, Prophet (H$130,285)

http://www.usatoday.com/money/companies/earnings/2009-01-23-harley_N.htm

posted 43 weeks ago

coolkraft Level 14, Prophet (H$130,285)

caterpillar laying off 20,000 workers

posted 42 weeks ago

misterbojangles

guess there will be less butterflies in the spring

posted 42 weeks ago

rassi

"Bloody Monday" claims 71,400 jobs....
http://www.americablog.com/2009/01/bloody-monday-claims-71400-jobs-in-us.html

posted 42 weeks ago

rassi

Layoffs in America's largest 500 companies in January - http://www.forbes.com/2009/01/09/january-layoffs-fires-lead-cx_kk_0109january09layoffs.html

posted 41 weeks ago

rassi

"On Friday, the Labor Department will issue the employment report for January, and analysts are expecting a drop of 525,000 payroll jobs."
From: http://news.yahoo.com/s/nm/20090205/bs_nm/us_usa_economy_jobless_2

posted 41 weeks ago

coolkraft Level 14, Prophet (H$130,285)

job loss per CNBC 598,000 for January

posted 41 weeks ago

coolkraft Level 14, Prophet (H$130,285)

http://www.cnbc.com/id/29051078

posted 41 weeks ago

rassi

Bueller???

posted 41 weeks ago

coolkraft Level 14, Prophet (H$130,285)

why isn't this settled?

posted 40 weeks ago

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