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When will the unemployment rate in the USA drop below 9%?
Background: As of July, the unemployment rate, predicted widely to be heading to 10% or more, unexpectedly dropped from 9.5% to 9.4%. Was that just a head-fake or are we starting to see the light at the end of the tunnel? The economy seems to be stabilizing, but the auto industry and other sectors are still struggling. Instant recovery does not seem to be in the cards. With unemployment this high, it will not happen overnight, but the global recession seems to be coming to an end. FYI, the average unemployment rate for the year 2008 was 5.8%
Can you predict when the unemployment rate in the USA will drop below 9%? Settlement will be based on data from the US Bureau of Labor Statistics each month: http://www.bls.gov/cps/
Can you predict when the unemployment rate in the USA will drop below 9%? Settlement will be based on data from the US Bureau of Labor Statistics each month: http://www.bls.gov/cps/
Settlement details:Settlement will be based on the US Bureau of Labor Statistics data: http://www.bls.gov/cps/
Forecast history %
| Dec 2009 or before |
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| Jan - March 2010 |
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| April - June 2010 |
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| July - Sept 2010 |
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| Oct - Dec 2010 |
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| Jan - March 2011 |
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| April - June 2011 |
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| After June 2011 or never |
|
Question suspends in 1 year
- Activity: H$39,533 |
- Predictions: 101 |
Comments: 3
Suspend date: Sun 15th May 2011 7:59pm PST (1 year to go)
Initial likelihoods: Dec 2009 or before: 8%, Jan - March 2010: 10%, April - June 2010: 14%, July - Sept 2010: 18%, Oct - Dec 2010: 18%, Jan - March 2011: 14%, April - June 2011 : 10%, After June 2011 or never: 8%
Action history:
bayoubear![[Admin]](http://www.hubdub.com/images/icon_admin.gif "This user is an admin"){kind=icon}
: was: "2010-12-15 19:59:00" 
Suspend date: Sun 15th May 2011 7:59pm PST (1 year to go) details 
Get widget!Predictions (101)
modigs2000
predicted After June 2011 or never (H$50 at 38%)
predicted Oct - Dec 2010 (H$20 at 13%)Comments (3)
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