Friday, February 03, 2012

Good News (both for job seekers and for one person trying to hold onto his job)

Good news today about employment.  The 243,000 increase in jobs is a very solid number.  The graph below shows how the prices at Intrade reacted when the news was released at 8:30 am.  President Obama's probability of being reelected rose by about 2 percentage points.  Click on the graphic to enlarge.