Economy 2023: US Unemployment rate below 4.0%?
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resolved Jan 5
Resolved
YES

This market is part of series of predictions made by Matthew Yglesias. Please check the group to bet on them all.


Matthew Yglesias is a liberal American blogger and journalist who writes about economics and politics. He publishes the Substack newsletter Slow Boring.

Recently he made 10 predictions on economy events, published on
https://www.slowboring.com/p/my-predictions-for-2023:


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📢Resolved to YES (Definitive Evidence): 3.7% (CNBC)


@itsTomekK I think this can be resolved
US Dec Unemployment Rate: 3.7%

This update should be around January 5th like the inflation markets.

Seems like there is at least a 6% chance that the next print will be 4.0% or higher, given that it was 3.9% in October and generally trending up.

predicted YES

@riverwalk3
The unemployment rate edged down to 3.7 percent in November
Thats last update this year and it is heading downwards

predicted NO

@ChristopherRandles That was an outlier in the previous trend, where it had gone up from 3.4% to 3.9%. The household survey has some variance, but it's clear we're adding less and less jobs each month and unemployment rate is slowly ticking up.

@itsTomekK 8 December 2023 is the last update before the end of the year. Shows 3.7%
Can this

  1. Resolve now? or

  2. Do we wait for December figure in early January? or

  3. Do we wait for Matthew Yglesias. to say whether he thinks this prediction was true or a fail?

    FWIW I don't like 3, what if he blatantly moves goal posts to claim success or never reports backs?

predicted NO

@ChristopherRandles isn't January number for 2023 data? I would rather wait, but 2.

Shocking 3.7% number for today's report!

Will this resolve based on Nov unemployment report first week of December, or December unemployment released first week of January?

predicted NO

@wilsonkime I'll try to follow Matt's Yglesias judgement, but my guess is we're including December data.