US Unemployment goes up or down in Aug 2008?

• 63%
  accuracy

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The US unemployment rate rose in July to 5.7 per cent - its highest level for four years - as the economy shed jobs for a seventh consecutive month. The data provided further evidence of deterioration in the labour market, as companies in a broad range of sectors trimmed workforces to tackle the downturn. But it also offered some encouragement, since the pace of job losses - at 51,000 last month - was not as rapid as predicted by economists, and remained below levels observed in previous recessions.

Let's predict if the US unemployment rate will go up or down in Aug 2008. We will verify the result here: http://data.bls.gov/PDQ/s...

Community Prediction in Chance

Community Accuracy:  63%

Top Predictor:   meanstreaks (100% Accuracy)

(show accuracy distribution▼)

Rank Accuracy A >= 90% B >= 80% C >= 70% D >= 60% E >= 40% F < 40%

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	ZiiValue (chance)	Answer	MyValue (0% to 100% chance)	Possible Outcomes
	52%			unemployment > 5.7%
	27%			unemployment remains 5.7%
	21%			unemployment < 5.7%

STEP 2:  Comment

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