Originally from the pit at Tradesports(TM) (RIP 2008) ... on trading, risk, economics, politics, policy, sports, culture, entertainment, and whatever else might increase awareness, interest and liquidity of prediction markets
Friday, September 05, 2008
Uh Oh: Unemployment rate up to 6.1%
This is not good--I believe unemployment is the most significant indicator of economic health.
If this rate pops up past 7%, I think we are in for some tough times.
S&P500 dropped 1.5% after the 8:30am announcement.