TOTAL VOLUME:
$147.3b
24H VOL:
$160,757,820
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2,798,566,680
OPEN INTEREST:
$1,796,460,506
516,586
Markets across
38,144
events
MATCHED EVENTS:
2,845
PLATFORM COVERAGE:
5
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Kalshi:
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Time left: 13d:17h:07m
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This market tracks whether the U.S. unemployment rate will reach exactly 5.4% in October 2026. On Kalshi, the probability of the unemployment rate hitting that specific level stands at 50.0%, while the probability of it landing at a different rate is also 50.0%. Resolution will be determined by official unemployment data released for October 2026. Watch the monthly jobs report scheduled for November 2026 to see whether the unemployment rate matches the 5.4% threshold.
This event determines which specific unemployment rate level the Bureau of Labor Statistics will report for October 2026, with possible outcomes ranging from exactly 3.3% to exactly 5.5%. Each tenth of a percentage point represents a distinct resolution outcome. Only one outcome can occur, as the reported unemployment rate will settle at a single value; participants are betting on the precise rate rather than whether it exceeds or falls below a threshold.
Currently, prediction market odds offer a unique perspective compared to traditional analyst forecasts for the October 2026 unemployment rate. While analysts often provide a single point estimate or range, this market represents a probability distribution of potential outcomes. This means it captures not only the most likely scenario but also the uncertainty surrounding it. It’s important to note that analysts’ forecasts can be influenced by biases or specific methodologies, while this market reflects the aggregated wisdom of a diverse group of traders. Examining both sources provides a more comprehensive view.
On Kalshi, this market is priced using a continuous double auction, meaning traders buy and sell contracts representing different unemployment rate outcomes. The price of each contract reflects the market’s assessment of the probability of that outcome occurring. As more traders participate and new information emerges, these prices fluctuate, creating a dynamic and real-time forecast. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. The current top outcome, as indicated by the highest probability, is at 37.0%, and the overall volume traded demonstrates the level of interest in this particular economic indicator.
This market resolves around Nov 6, 2026, with the outcome confirmed once the official unemployment rate for October 2026 is verifiable from credible public reporting. The Bureau of Labor Statistics (BLS) is the primary source for this data, and the market will settle based on the seasonally adjusted unemployment rate released by the BLS for that month. Traders will be able to see the final settlement price and the resulting payouts based on their positions in this market. It’s a forward-looking assessment of a key economic indicator.
Several signals and events could significantly move this market before it resolves. Major economic reports released in the intervening months, such as monthly jobs reports, GDP growth figures, and inflation data, will all influence trader sentiment. Unexpected shifts in monetary policy by the Federal Reserve, geopolitical events impacting global economic growth, and even significant changes in labor force participation rates could also cause substantial price movements. Any news that alters expectations about the overall health of the U.S. economy is likely to be reflected in the trading activity of this market.