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How will the December U.S. national unemployment number compare with the 8.6% November reported level?

POSSIBLE ANSWERS

PREDICTED CHANCE

TODAY

8.7% or Higher.

(closed)

Predicted: 39.84%

Actual: 0.00%

Equal to 8.6%

(closed)

Predicted: 25.65%

Actual: 0.00%

8.5% or Lower.

(closed)

Predicted: 34.50%

Actual: 100.00%

  • completed

Question ends

January 05, 2012 @ 04:00am PST

Predictions Made

155

Most by: ChloeBurns (25 predictions)

Discussion

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SneakyPete   •   Fri Jan 06 2012 at 06:38am PST

The December U.S. national unemployment number was lower (8.5%) when compared to the 8.6% November reported level.

SneakyPete   •   Thu Jan 05 2012 at 04:19pm PST

The number of people seeking unemployment benefits fell further in the final week of 2011, a positive sign for hiring one day ahead of Friday’s December employment report.

The Labor Department says weekly applications dropped 15,000 to a seasonally adjusted 372,000 last week. It was the fourth drop in five weeks. The four-week average, which smoothes fluctuations, declined to 373,250, the lowest level since June 2008.

When applications drop below 375,000 — consistently — they generally signal that hiring is strong enough to reduce the unemployment rate.

Applications have declined steadily over the past three months. The four-week average fell 11 percent in 2011, evidence that companies are laying off fewer workers. But many employers have been slow to add jobs.

Read more: http://www.foxnews.com/politics/2012/01/05/unemployment-claims-drop-to-372k-last-week/#ixzz1idIKiNvt

Politics_HP   •   Mon Jan 02 2012 at 11:06pm PST

I agree with the person who wrote the comment at December 20, 2011 @ 01:32pm PST. It wouldn’t make sense if the unemployment number increased.

MFWinAlford   •   Thu Dec 29 2011 at 05:35am PST

Jobless claims just came in higher than expected.

SneakyPete   •   Thu Dec 29 2011 at 08:24am PST

I saw that. Just curious how the seasonal holiday hires will impact the unemployment rate. Will we see political adjustments made for the coming election campaign? Not that, that woudl ever take place, of course. Just stiring the pot, a liitle at the end of 2011, on my part.
Happy New Year to all…..

Rationales

"political business cycle"

joxjaxtax sold Equal to 8.6% at 16.02%
December 29, 2011 @ 08:42pm PST

"Increase in holiday temp workers."

JDM bought 8.5% or Lower. at 59.79%
December 27, 2011 @ 06:10am PST

"Holiday hiring should decrease the number for the time being"

amsiegel bought 8.5% or Lower. at 59.93%
December 20, 2011 @ 01:32pm PST

historical trend

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