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What will the US unemployment rate be for March 2009?

Background: The Labor Department reported a drop in non-farm payroll of 651,000 for February 2009, raising the unemployment rate from 7.6 to 8.1 percent, the highest since 1983. Where will it land for March 2009?

Settlement details:As reported by a major mainstream news source.

 
Forecast history %
Below 7.8 percent
1%
7.8 or 7.9 percent
1%
8 percent
2%
8.1 percent
2%
8.2 percent
3%
8.3 percent
9%
8.4 percent
25%
8.5 percent
30%
8.6 or 8.7 percent
23%
Above 8.7 percent
4%
Settled as 8.5 percent on Sun 5th Apr 1:12am PST

Suspend date: Tue 31st Mar 3pm PST
Settlement date: Sun 5th Apr 1:12am PST
Prediction cut-off: Predictions on this question after Tue 31st Mar 3pm PST have been voided because they were made after the question could be settled

Initial likelihoods: Below 7.8 percent: 2%, 7.8 or 7.9 percent: 5%, 8 percent: 8%, 8.1 percent: 15%, 8.2 percent: 20%, 8.3 percent: 20%, 8.4 percent: 15%, 8.5 percent: 8%, 8.6 or 8.7 percent: 5%, Above 8.7 percent: 2%

Action history:

Created Fri 6th Mar 6:58am PST by brian72975
Suspended Tue 31st Mar 3pm PST : Suspend date reached
Settlement requested Fri 3rd Apr 1:21pm PST by horsefeathers: the figure has been released
Settlement requested Sat 4th Apr 5:03am PST by horsefeathers: results are in
Settlement requested Sat 4th Apr 1:49pm PST by brian72975: as above
Settled as '8.5 percent' Sun 5th Apr 1:12am PST by robuk[Admin]: http://www.nytimes.com/2009/04/04/business/economy/04jobs.html

Suspend date: Tue 31st Mar 3pm PST
Settlement date: Sun 5th Apr 1:12am PST
Prediction cut-off: Predictions on this question after Tue 31st Mar 3pm PST have been voided because they were made after the question could be settled details

 

Predictions (195)

33 weeks ago
tophatchick predicted 8 percent (H$10 at 2%)
33 weeks ago
tophatchick predicted 8.1 percent (H$3 at 2%)
33 weeks ago
tophatchick predicted 7.8 or 7.9 percent (H$7 at 1%)
33 weeks ago
demtb predicted 8.5 percent (H$100 at 29%)
33 weeks ago
cajnj predicted Above 8.7 percent (H$5 at 4%)

Comments (1)

  1 ejayz
Remember alot of Equipment operators and construction related folks could be back to work in march as temps warm up and the building trades start going again.....
posted 36 weeks ago

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