What will be the peak unemployment rate in 2026? [ resolves 2027-03-09 (217D) ]
kalshi: [A] single source·objective outcome methodology ›
distribution · by strike · marks: daily snapshot
kalshi 14 markets
| market | resolves | P(YES) | vol (24h) | vol (cum) | RCG | venue id | ||
|---|---|---|---|---|---|---|---|---|
| ≥ 4.5% | 2027-03-09 | 39.0% | $41 | $235 | A | KXU3MAX-27-4.5 | ||
| ≥ 4.8% | 2027-03-09 | 14.0% | $19 | $140 | A | KXU3MAX-27-4.8 | ||
| ≥ 5% | 2027-03-09 | 2.5% | $123 | $8.4K | A | KXU3MAX-27-5 | ||
| ≥ 5.5% | 2027-03-09 | 8.0% | — | $201 | A | KXU3MAX-27-5.5 | ||
| ≥ 6% | 2027-03-09 | 1.0% | $19 | $2.1K | A | KXU3MAX-27-6 | ||
| ≥ 6.5% | 2027-03-09 | 2.0% | — | $18 | A | KXU3MAX-27-6.5 | ||
| ≥ 7% | 2027-03-09 | 4.2% | — | $3.9K | A | KXU3MAX-27-7 | ||
| ≥ 8% | 2027-03-09 | 4.0% | — | $775 | A | KXU3MAX-27-8 | ||
| ≥ 9% | 2027-03-09 | 10.0% | — | $1.8K | A | KXU3MAX-27-9 | ||
| ≥ 10% | 2027-03-09 | 5.0% | — | $647 | A | KXU3MAX-27-10 | ||
| ≥ 12% | 2027-03-09 | 4.9% | — | $156 | A | KXU3MAX-27-12 | ||
| ≥ 15% | 2027-03-09 | 4.4% | — | $163 | A | KXU3MAX-27-15 | ||
| ≥ 17% | 2027-03-09 | 3.0% | — | $129 | A | KXU3MAX-27-17 | ||
| ≥ 20% | 2027-03-09 | 2.8% | — | $97 | A | KXU3MAX-27-20 |
resolution architecture
| venue | proposer | source | citation | arbitration | class | analyst notes |
|---|---|---|---|---|---|---|
| kalshi | Exchange Staff | Bureau of Labor Statistics | link | Kalshi Staff | Other | — |
verbatim rules
kalshi
If any U.S. seasonally adjusted U-3 unemployment rate for a month in 2026 is above 4.5%, the market resolves to Yes.
platform source field
kalshi.settlement_sources → "Bureau of Labor Statistics" ↗ sources (1) · single authority
Bureau of Labor Statistics committed source
recent wire items
- Unemployment staying below 4.5 percent remains the consensus Kalshi ladder
- Kalshi ladder implies peak unemployment before 2027 stays below 4.5%: only 16% probability at the 4.5% strike, with higher strikes pricing 7% or less.
- The blowout jobs report is consistent with this low-peak pricing; the market is not treating the strong payroll print as a precursor to labor market deterioration.
- Above 5.0% unemployment before 2027 prices at just 2%, reflecting near-full market dismissal of a recession-level labor shock this cycle.
- Resolution via Kalshi; the contract tracks the highest monthly unemployment rate reported by the Bureau of Labor Statistics before January 2027.
- Peak unemployment below 4.5% stays heavily favored before 2027 Kalshi ladder
- Kalshi ladder prices 84% on unemployment peaking below 4.5% before 2027, with only 7% on above 4.8% and 2% on above 5.0%.
- August's blowout payroll print is consistent with the market's heavy skew toward a contained labor market through year-end.
- Tail risk pricing is minimal: combined probability above 5.5% is under 18%, suggesting the market sees a recession-level spike as a long shot.
- Companion September U-3 ladder (CM-EVT-720DZC17Y9) is pinned near 4.1%, reinforcing the view that the labor market is stable, not deteriorating.
- Unemployment topping 4.5 percent before 2027 stays a long shot Kalshi ladder
- The ladder implies only 16% odds that unemployment will exceed 4.5% before 2027, with probabilities collapsing rapidly above that, 7% at 4.8%, 5% at 5.5%.
- August unemployment printed at 4.1%, consistent with the ladder's heavy mass below 4.5%; the strong hiring data supports that low-tail reading.
- The distribution's long right tail, 3% at 15%, 3% at 17%, 3% at 20%, reflects residual but small catastrophic-scenario pricing.
- A companion ladder (CM-EVT-2X91TW50H2) shows 67% odds unemployment stays above 4.1% in October, suggesting the market sees the current 4.1% reading as near the floor, not a peak.
- Peak unemployment before 2027 stays a long shot above 4.5 percent Kalshi ladder
- Kalshi ladder puts only 26% odds on unemployment exceeding 4.5% before 2027; probability collapses further at higher strikes.
- The 'functionally unemployed' analysis conflicts with the ladder, which gives only 4-5% to a spike above 6.0%.
- The market is not pricing the bearish labor narrative; the distribution is heavily skewed toward the sub-4.5% outcome.
- Companion August U-3 ladder (CM-EVT-CN1M891289) implies 4.1-4.2% for the next print, offering a near-term anchor to the longer-horizon view.
- Peak unemployment below 4.5% stays the consensus call Kalshi ladder
- Ladder pricing puts peak unemployment below 4.5% as the base case: only 21% of probability sits at 4.5% or above.
- Claims at 206,000 are consistent with this subdued tail, the market is not pricing a significant unemployment spike.
- The distribution has a long, flat tail from 5.0% to 20.0%, each capturing only 1-5%, reflecting low-probability recession scenarios.
- A companion ladder (CM-EVT-720DZC17Y9) implies the September U-3 rate near 4.2-4.3%, consistent with modest upward drift from the July 4.1% print.
programmatic access · four surfaces, same payload
One canonical record at every surface — embedded JSON-LD, REST, MCP, and /llms.txt.
| HTML | browsers, AI grounded search, crawlers (embedded JSON-LD @type: Dataset) | https://clearmarket.fyi/events/kxu3max-27/ |
| JSON | REST API for developers | https://api.clearmarket.fyi/v1/events/kxu3max-27 |
| MCP | agentic AI tool call (Claude Desktop, Cursor, Continue) | clearmarket.get_event("kxu3max-27") |
| AGENT | AI crawler discovery index | /llms.txt |
Snapshot 2026-08-04. Venue data via Kalshi + Polymarket APIs. Editorial fields (tags, editorial_notes) are ClearMarket-drafted with AI assistance under editorial review. Derived fields (venues_covered, resolution_clarity_grade, rcg_score) computed at serve time. Full per-field map in the JSON record under field_provenance.
raw JSON record · same payload returned by REST endpoint {
"event_id": "CM-EVT-RBY62SKLC0",
"slug": "kxu3max-27",
"question": "What will be the peak unemployment rate in 2026?",
"category": "economics",
"tags": [
"economics",
"unemployment",
"us-labor-market",
"economic-indicators",
"2026-data",
"macro-forecast"
],
"venues_covered": [
"kalshi"
],
"market_count": 14,
"cumulative_volume_usd": 18780,
"resolution_clarity_grade": "A",
"rcg_score": 100,
"rcg_caps": [],
"resolution_source": "Bureau of Labor Statistics",
"resolution_source_url": "https://www.bls.gov/news.release/empsit.toc.htm",
"source_status": "platform_named",
"source_of_record": "Bureau of Labor Statistics",
"resolution_source_list": [
{
"name": "Bureau of Labor Statistics",
"url": "https://www.bls.gov/news.release/empsit.toc.htm",
"provenance": "platform_api"
}
],
"arbitration_model": "kalshi_staff",
"proposer_model": "platform_staff",
"field_provenance": {
"question": {
"source": "clearmarket_editorial"
},
"tags": {
"source": "clearmarket_editorial",
"ai_drafted": true
},
"resolution_clarity_grade": {
"source": "derived",
"method": "rcg_v2_7factor"
},
"venues_covered": {
"source": "derived"
}
}
}