# Will the seasonally adjusted U.S. unemployment rate (U-3) for December 2036 be above 7.5%

> Above 3.0% leads at 86%, runner-up 82% across 20 winner-take-all outcomes — refreshed 51 min ago.

URL: https://simplefunctions.dev/odds/u3eoy
Updated: 2026-09-20T17:20:51.426Z
Category: economy · Topic: recession
Status: active
Closes: 2028-01-07

## Headline

- Leader: Above 3.0% at 86%
- Runner-up: Above 3.0% at 82%
- Outcomes: 20 (winner-take-all)
- Venue: Kalshi (20 contracts)
- 24h volume: $0

## Bound contracts (20)

| Outcome | Price | 24h | Volume | Venue | Slug |
|---|---|---|---|---|---|
| Above 3.0% | 86¢ | +1pp | $0 | kalshi | /markets/will-the-seasonally-adjusted-us-unemployment-rate-kalshi-kxu3eoy-37jan09-t3.0 |
| Above 3.0% | 82¢ | +38pp | $0 | kalshi | /markets/will-the-seasonally-adjusted-us-unemployment-rate-kalshi-kxu3eoy-33jan07-t3.0 |
| Above 3.5% | 78¢ | +1pp | $0 | kalshi | /markets/will-the-seasonally-adjusted-us-unemployment-rate-kalshi-kxu3eoy-37jan09-t3.5 |
| Above 3.5% | 73¢ | +38pp | $0 | kalshi | /markets/will-the-seasonally-adjusted-us-unemployment-rate-kalshi-kxu3eoy-33jan07-t3.5 |
| Above 5.5% | 56¢ | +1pp | $0 | kalshi | /markets/will-the-seasonally-adjusted-us-unemployment-rate-kalshi-kxu3eoy-37jan09-t5.5 |
| Above 6.0% | 56¢ | +10pp | $0 | kalshi | /markets/will-the-seasonally-adjusted-us-unemployment-rate-kalshi-kxu3eoy-29jan05-t6.0 |
| Above 5.5% | 52¢ | +34pp | $0 | kalshi | /markets/will-the-seasonally-adjusted-us-unemployment-rate-kalshi-kxu3eoy-33jan07-t5.5 |
| Above 4.5% | 47¢ | −9pp | $0 | kalshi | /markets/will-the-seasonally-adjusted-us-unemployment-rate-kalshi-kxu3eoy-33jan07-t4.5 |
| Above 7.5% | 37¢ | +6pp | $0 | kalshi | /markets/will-the-seasonally-adjusted-us-unemployment-rate-kalshi-kxu3eoy-37jan09-t7.5 |
| Above 9.0% | 21¢ | +3pp | $0 | kalshi | /markets/will-the-seasonally-adjusted-us-unemployment-rate-kalshi-kxu3eoy-37jan09-t9.0 |
| Above 9.0% | 17¢ | +8pp | $0 | kalshi | /markets/will-the-seasonally-adjusted-us-unemployment-rate-kalshi-kxu3eoy-33jan07-t9.0 |
| Above 10.0% | 9¢ | — | $0 | kalshi | /markets/will-the-seasonally-adjusted-us-unemployment-rate-kalshi-kxu3eoy-31jan10-t10.0 |
| Above 9.0% | 8¢ | — | $0 | kalshi | /markets/will-the-seasonally-adjusted-us-unemployment-rate-kalshi-kxu3eoy-29jan05-t9.0 |
| Above 4.0% | 7¢ | −1pp | $0 | kalshi | /markets/will-the-seasonally-adjusted-us-unemployment-rate-kalshi-kxu3eoy-33jan07-t4.0 |
| Above 5.0% | 7¢ | −1pp | $0 | kalshi | /markets/will-the-seasonally-adjusted-us-unemployment-rate-kalshi-kxu3eoy-33jan07-t5.0 |
| Above 6.0% | 7¢ | +2pp | $0 | kalshi | /markets/will-the-seasonally-adjusted-us-unemployment-rate-kalshi-kxu3eoy-33jan07-t6.0 |
| Above 9.5% | 7¢ | — | $0 | kalshi | /markets/will-the-seasonally-adjusted-us-unemployment-rate-kalshi-kxu3eoy-29jan05-t9.5 |
| Above 10.0% | 6¢ | — | $0 | kalshi | /markets/will-the-seasonally-adjusted-us-unemployment-rate-kalshi-kxu3eoy-29jan05-t10.0 |
| Above 10.0% | 5¢ | −2pp | $0 | kalshi | /markets/will-the-seasonally-adjusted-us-unemployment-rate-kalshi-kxu3eoy-32jan09-t10.0 |
| Above 10.0% | 3¢ | −7pp | $0 | kalshi | /markets/will-the-seasonally-adjusted-us-unemployment-rate-kalshi-kxu3eoy-30jan04-t10.0 |

## 30-day trajectory

| Day | Above 3.0% | Above 3.0% | Above 3.5% |
|---|---|---|---|
| 2026-09-03 | — | — | 76 |
| 2026-09-04 | — | — | 78 |
| 2026-09-06 | 85 | — | 77 |
| 2026-09-07 | — | 19 | — |
| 2026-09-08 | — | 57 | — |
| 2026-09-10 | 72 | — | 77 |
| 2026-09-12 | 86 | — | 78 |
| 2026-09-17 | 85 | — | — |
| 2026-09-18 | 86 | — | — |

_9 days of price history captured. Each row is the daily mean of intraday 5-min captures._

## What moved the line

- 2026-09-17 · Above 4.0% −31pp 50→19¢ · kalshi
- 2026-09-17 · Above 5.0% −27pp 41→14¢ · kalshi
- 2026-09-17 · Above 6.0% −24pp 31→7¢ · kalshi
- 2026-09-18 · Above 6.0% −10pp 56→46¢ · kalshi
- 2026-09-19 · Above 6.0% +10pp 46→56¢ · kalshi

## Analysis

This market reflects traders' assessment that there is a 94% probability the U.S. unemployment rate will exceed 7.5% by December 2036, ten years from now. The high probability suggests traders expect either a significant economic downturn or persistently elevated unemployment over the coming decade. This view contrasts with nearer-term expectations, where traders price only a 4% chance of above-7% unemployment by December 2026 and a 4% chance of above-10% unemployment by December 2027, indicating traders expect near-term labor market stability followed by deterioration. The primary drivers of this long-dated forecast are assumptions about economic cycle duration, potential recessions between now and 2036, and structural labor market shifts. The main catalyst will be actual unemployment data releases each month, particularly during any recession periods, which would either validate or challenge the tail-risk assumption embedded in the current 94% probability.

### Key factors

- Historical U.S. unemployment has exceeded 7.5% during most recessions and periods of economic stress, occurring roughly every 7-10 years on average
- Current unemployment is near historic lows; sustaining sub-3% rates continuously for 10 years without any recession would make the 94% probability significantly overpriced
- The market prices near-zero probability of above-7% unemployment in the next 12 months but 94% probability by 2036, implying traders expect at least one significant labor market shock in the 10-year window
- Structural changes to labor force participation, automation, and demographic shifts over a decade could systematically alter unemployment dynamics versus historical norms
- Actual recession timing and severity between 2026-2036 will be the primary determinant; quarterly GDP and employment data releases will incrementally resolve this uncertainty

## Methodology

Headline is the **leader's price**, not an arithmetic mean — averaging disjoint winner-take-all outcomes is meaningless. Per-outcome prices come from the venue's last-traded mid; cross-venue values are simple means across contracts on each venue.

## How to use this data

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- Topic hub: https://simplefunctions.dev/predictions/recession

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