What will be the unemployment rate for July as released by the Labor Department?
Better than most expected, both on Hubdub and in the 'real' world! Only 4% of HD wagers were correct.
"August 07, 2009
Nonfarm payroll employment continued to decline in July (-247,000), and the unemployment rate was little changed at 9.4 percent."
http://www.bls.gov/cps/
Background:
The unemployment rate, 9.5 percent, is the highest since 1983.
Although some had thought the unemployment situation was improving, June's data casts a shadow on these hopes. And as we move into summer, will things get any better, or continue to worsen?
What will be the unemployment % as released by the US Labor Department for July?
Settlement details:As reported by a major mainstream news source, based on Department of Labor statistics.
| 9.2% or lower |
| |||
| 9.3% |
| |||
| 9.4% |
| |||
| 9.5% |
| |||
| 9.6% |
| |||
| 9.7% |
| |||
| 9.8% |
| |||
| 9.9% or higher |
|
- Activity: H$21,615 |
- Predictions: 50 |
Comments: 2
Suspend date: Fri 31st Jul 11:59pm PST
Settlement date: Mon 10th Aug 2:48am PST
Prediction cut-off: Predictions on this question after Fri 31st Jul 11:59pm PST have been voided because they were made after the question could be settled
Initial likelihoods: 9.2% or lower: 2%, 9.3%: 5%, 9.4%: 18%, 9.5%: 26%, 9.6%: 24%, 9.7%: 18%, 9.8%: 5%, 9.9% or higher: 2%
Action history:
dieseldog
: settle as 9.4 please.
The U.S. unemployment rate declined to 9.4 percent for July, down slightly from 9.5 percent the month before, according to the latest jobs numbers Friday.
http://www.bizjournals.com/kansascity/stories/2009/08/03/daily56.html?ana=from_rss
http://www.lancastereaglegazette.com/article/20090808/NEWS01/908080307/1002/rss01
http://www.pbs.org/newshour/updates/business/july-dec09/jobless_08-07.html
bayoubear![[Admin]](http://www.hubdub.com/images/icon_admin.gif "This user is an admin"){kind=icon}
: Better than most expected, both on Hubdub and in the 'real' world! Only 4% of HD wagers were correct.
"August 07, 2009
Nonfarm payroll employment continued to decline in July (-247,000), and the unemployment rate was little changed at 9.4 percent."
http://www.bls.gov/cps/
Suspend date: Fri 31st Jul 11:59pm PST
Settlement date: Mon 10th Aug 2:48am PST
Prediction cut-off: Predictions on this question after Fri 31st Jul 11:59pm PST have been voided because they were made after the question could be settled details 
Get widget!Predictions (50)
rogerkni
predicted 9.9% or higher (H$50 at 13%)
larimore_9
predicted 9.7% (H$20 at 16%)Comments (2)
Stake virtual dollars on the outcomes of real news stories! Win more if you're right and climb the leaderboards Learn more...
Related Tags
http://www.nytimes.com/2009/07/03/business/economy/03jobs.html?th&emc=th
The American economy lost 467,000 more jobs in June, and the unemployment rate edged up to 9.5 percent in a sobering indication that the longest recession since the 1930s had yet to release its hold.
“The numbers are indicative of a continued, very severe recession,” said Stuart G. Hoffman, chief economist at PNC Financial Services in Pittsburgh. “There’s nothing in here to show that the economy and the market are pulling out of the grip of recession.”
Please log in or join to add a comment