Name: July jobs report prints negative?
Start: 2025-07-03T22:28:08.86894Z
End: 2025-08-01T06:00:00Z

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If the U.S. reports a negative change (less than 0) in total nonfarm payroll employment July June 2025, this market will resolve to "Yes". Otherwise, it will resolve to "No".

This market will resolve according to the nonfarm payroll employment reported by the BLS "Employment Situation Summary" for July 2025, scheduled to be released on August 1, 2025, 8:30 AM ET.

The BLS "Employment Situation Summary" may be found here: https://www.bls.gov/bls/newsrels.htm

July jobs report prints negative?

This market will resolve to "Yes" if the Bureau of Labor Statistics (BLS) ceases regular publication of any of the following reports: monthly Employment Situation reports (nonfarm payrolls and unemployment rate), Consumer Price Index (CPI), Producer Price Index (PPI), Employment Cost Index, Job Openings and Labor Turnover Survey (JOLTS), by December 31, 2025 at 11:59 PM ET. Otherwise, it will resolve to "No."

For purposes of this market, “ceases regular publication” means any of the following:

- The BLS officially announces it will no longer publish the report on its regular schedule.
- The BLS misses three consecutive scheduled releases of the report without providing the data within 30 days of each scheduled release date.
- The BLS announces that the report is discontinued, terminated, or permanently suspended.
- Legislative or executive action explicitly prohibits or defunds the publication of the report.

The following do NOT qualify as cessation:
- Temporary delays or postponements followed by subsequent publication (including delays caused by government shutdowns).
- Changes in methodology, seasonal adjustment, or calculation methods while continuing publication.
- Changes in publication frequency (e.g., monthly to quarterly) while maintaining regular releases.
- Format changes (e.g., digital-only, layout changes).
- Publishing preliminary or partial data with full data forthcoming.
- Changes to specific components within a report while the overall data series continues.
- Combining the report with other reports while still publishing the underlying data.
- BLS delays the jobs report due to a shutdown, then publishes it.
- BLS changes CPI methodology but continues publishing monthly CPI.
- BLS shifts employment data from monthly to quarterly.
- The Federal Reserve begins publishing employment data while BLS continues its own.
- BLS website outage delays posting, but data is released via other channels.
- BLS publishes preliminary data pending final adjustments.

The primary resolution source will be a consensus of credible reporting. 

Will BLS stop reporting payroll data this year?

This market will resolve to “Yes”, if either of the following conditions are met:

1.  The National Bureau of Economic Research (NBER) publicly announces that a recession has occurred in the United States, at any point in 2025, with the announcement made by December 31, 2025, 11:59 PM ET.

2.  The seasonally adjusted annualized percent change in quarterly U.S. real GDP from the previous quarter is less than 0.0 for two consecutive quarters between Q4 2024 and Q4 2025 (inclusive), as reported by the Bureau of Economic Analysis (BEA). 

Otherwise, this market will resolve to "No". 

Note that advance estimates will be considered. For example, if upon release, the advance estimate for Q2 2025 was negative, and the Q1 2025's most recent, up-to-date estimate was also negative, this market would resolve to "Yes". If on December 31, 2025 the latest estimate for quarterly GDP in Q3 2025 was negative, this market will stay open until the Advance estimate of Q4 2025 is published, at which point it will resolve to "Yes" if Q4 2025 was negative or if the NBER declares a recession by then.

The resolution source will be the official announcements from the NBER and the BEA’s estimate of seasonally adjusted annualized percent change in quarterly US real GDP from previous quarters as released by the Bureau of Economic Analysis (BEA), https://www.bea.gov/data/gdp/gross-domestic-product

US recession in 2025?

This market will resolve to "Yes" if the Bureau of Labor Statistics fails to release any monthly report on the Consumer Price Index by 11:59PM ET on the scheduled release date between December 1, 2025 and December 31, 2026, 11:59PM ET. Otherwise, this market will resolve to "No".

If an announcement is made by the White House or the BLS that the monthly CPI release will be delayed or cancelled altogether, this market will immediately resolve to "Yes".

The resolution source for this market will be information from the BLS or a consensus of credible reporting. 

BLS delays another CPI release before 2027?

This market will resolve to 'Yes' if the seasonally adjusted and annualized GDP growth rate for the full year 2025, as derived from the 'Advance Estimate' for Q4 2025, scheduled for release by the U.S. Bureau of Economic Analysis (BEA) on January 30, 2026, reports a growth rate below 0. Otherwise, this market will resolve to 'No'.

The GDP release will be available at: https://www.bea.gov/data/gdp/gross-domestic-product.

Only the first available GDP report labeled as the 'Advance Estimate' for Q4 2025, which provides the initial full-year 2025 GDP growth rate, will be used for resolution. Any subsequent revisions or updates to the data will not be considered.

Negative GDP growth in 2025?

This market will resolve to “Yes” if either of the following conditions is met:

1.  The seasonally adjusted annualized percent change in quarterly U.S. real GDP from the previous quarter is less than 0.0 for two consecutive quarters between Q2 2025 and Q4 2026 (inclusive), as reported by the Bureau of Economic Analysis (BEA). 

2.  The National Bureau of Economic Research (NBER) publicly announces that a recession has occurred in the United States, at any point during 2025 or 2026, with the announcement made by the time the BEA releases the advance estimate for Q4 2026.

Otherwise, this market will resolve to "No". 

Note that advance estimates will be considered. For example, if upon release, the advance estimate for Q3 2025 was negative, and the Q2 2025's most recent, up-to-date estimate was also negative, this market would resolve to "Yes". If on December 31, 2026 the latest estimate for quarterly GDP in Q3 2025 was negative, this market will stay open until the Advance estimate of Q4 2026 is published, at which point it will resolve to "Yes" if Q4 2026 was negative or if the NBER declares a recession by then.

The resolution source will be the official announcements from the NBER and the BEA’s estimate of seasonally adjusted annualized percent change in quarterly US real GDP from previous quarters as released by the Bureau of Economic Analysis (BEA), https://www.bea.gov/data/gdp/gross-domestic-product

US recession by end of 2026?

This market will resolve to 'Yes' if the seasonally adjusted and annualized GDP growth rate for the full year 2026, as derived from the 'Advance Estimate' for Q4 2026, with a release by the U.S. Bureau of Economic Analysis (BEA) expected in January 2027, reports a growth rate below 0. Otherwise, this market will resolve to 'No'.

The GDP release will be available at: https://www.bea.gov/data/gdp/gross-domestic-product.

Only the first available GDP report labeled as the 'Advance Estimate' for Q4 2026, which provides the initial full-year 2026 GDP growth rate, will be used for resolution. Any subsequent revisions or updates to the data will not be considered.

Negative GDP growth in 2026?

This market will resolve based on the seasonally adjusted number of federal employees, as reported by the U.S. Bureau of Labor Statistics (BLS) under the "All Employees, Federal" series (CES9091000001), displayed here (https://fred.stlouisfed.org/series/CES9091000001)

This market will resolve according to the decrease in the seasonally adjusted number of federal employees between the December 2024 report and the December 2025 report.

If the reported value falls exactly between two brackets, then this market will resolve to the higher range bracket.

The difference will be calculated as the December 2024 value minus the December 2025 value.

The December 2024 figure will be based on the initial December 2024 BLS Employment Situation report scheduled for release on January 3, 2025, and the initial December 2025 figure will be based on the report scheduled for release on January 9, 2026. Revisions made to these figures will not be considered, only the values reported in the initial reports will be used.

The resolution source will be the BLS Employment Situation data, specifically the series CES9091000001, available at https://fred.stlouisfed.org/series/CES9091000001 or the official BLS website.


Will Elon and DOGE cut more than 200k employees in 2025?

This market will resolve to "Yes" if both of the following conditions prove true at any point in 2025:

1) The "US recession in 2025?" market resolves to "Yes" (https://polymarket.com/event/us-recession-in-2025).

2) The Consumer Price Index (CPI) increases by 5.0% or more over the 12 month period ending in any month between April 2025 and December 2025 according to the US Bureau of Labor Statistics (https://www.bls.gov/bls/news-release/cpi.htm#current)

Otherwise, this market will resolve to "No".

This market will not resolve until all relevant figures are reported for the period of time encompassing December 2025.

The resolution sources for this market will be the NBER, BEA (https://www.bea.gov/data/gdp/gross-domestic-product), and BLS (https://www.bls.gov/bls/news-release/cpi.htm#current), as well as the "US recession in 2025?" market on Polymarket.

US stagflation in 2025?

This market will resolve to “Yes” if Brazil's unemployment rate for Q4 2025 is below 6.3% when it is released. Otherwise, this market will resolve to “No”.

This market will resolve according to IBGE's (https://www.ibge.gov.br/en/indicators#desemprego) public release of the Q4 2025 figure unemployment, expected in January 2026. If the publication of this figure is delayed beyond February 28, 2026 ET, this market will resolve according to the last published figure. 

Because this market's resolution source reports quarterly unemployment to one decimal point (e.g. 4.5%), this is the level of precision that will be used when resolving the market.


Brazil unemployment below 6.3% for Q4 2025?

This market will resolve to “Yes”, if either of the following conditions are met:

1.  The C.D. Howe Institute’s Business Cycle Council publicly announces that a recession has occurred in Canada, at any point in 2025, with the announcement made by December 31, 2025, 11:59 PM ET.

2.  The seasonally adjusted annualized percent change in quarterly Canadian Real GDP (expenditure-based), chained (2017) dollars GDP from the previous quarter is less than 0.0 for two consecutive quarters between Q4 2024 and Q4 2025 (inclusive), as reported by Statistics Canada (StatCan).

Otherwise, this market will resolve to "No".

Note that any two consecutive, concurrent vintages indicating negative GDP growth will qualify, regardless of prior or later revisions. For example, if upon release, the initial estimate for Q2 2025 was negative, and Q1 2025's most recent, up-to-date estimate was also negative, this market would resolve to "Yes". If on December 31, 2025 the latest estimate for quarterly GDP in Q3 2025 was negative, this market will stay open until Statistics Canada publishes the initial estimate for Q4 2025, at which point it will resolve to "Yes" if Q4 2025 was negative or if the C.D. Howe Institute’s Business Cycle Council declares a recession by then.

The resolution source will be the official announcements from the C.D. Howe Institute’s Business Cycle Council and Statistics Canada’s estimate of seasonally adjusted annualized percent change in quarterly Canadian real GDP from previous quarters as released by Statistics Canada (e.g., as reported in the line “Gross domestic product at market prices” in Table 3 of the quarterly GDP release: https://www150.statcan.gc.ca/n1/daily-quotidien/250829/t003a-eng.htm)

Canada recession in 2025?

This market will resolve to “Yes” if the Consumer Price Index (CPI) increased by greater than the listed percent over the 12 month period ending with any month in 2026 according to the monthly Bureau of Labor Statistics (BLS) reports. Otherwise, this market will resolve to "No".

The resolution source for this market will be the BLS Consumer Price Index reports released for each month of 2026 (https://www.bls.gov/bls/news-release/cpi.htm). Resolution of this market will take place upon release of the aforementioned data.

This market may not resolve to "No" until the December 2026 report is issued. Once the December 2026 report is issued, any revisions to previously released CPI figures will not be counted toward this market's resolution. If the CPI report for December 2026 is not issued by January 31, 2027, 11:59 PM ET, this market will resolve based on CPI figures which have already been made available by the BLS.

Note: the resolution source for this market will be the official monthly BLS CPI news release which reports inflation over 12 month periods to only one decimal point (e.g. 2.9%). Thus, this is the level of precision that will be used when resolving the market.

Will inflation reach more than 3% in 2026?

This market will resolve to “Yes”, if either of the following conditions are met:

1.  The C.D. Howe Institute’s Business Cycle Council publicly announces that a recession has occurred in Canada, at any point before 2027, with the announcement made by December 31, 2026, 11:59 PM ET.

2.  The seasonally adjusted annualized percent change in quarterly Canadian Real GDP (expenditure-based), chained (2017) dollars GDP from the previous quarter is less than 0.0 for two consecutive quarters between Q4 2025 and Q4 2026 (inclusive), as reported by Statistics Canada (StatCan).

Otherwise, this market will resolve to "No".

Note that any two consecutive, concurrent vintages indicating negative GDP growth will qualify, regardless of prior or later revisions. For example, if upon release, the initial estimate for Q2 2026 was negative, and Q1 2026's most recent, up-to-date estimate was also negative, this market would resolve to "Yes". If on December 31, 2026 the latest estimate for quarterly GDP in Q3 2026 was negative, this market will stay open until Statistics Canada publishes the initial estimate for Q4 2026, at which point it will resolve to "Yes" if Q4 2026 was negative or if the C.D. Howe Institute’s Business Cycle Council declares a recession by then.

The resolution source will be the official announcements from the C.D. Howe Institute’s Business Cycle Council and Statistics Canada’s estimate of seasonally adjusted annualized percent change in quarterly Canadian real GDP from previous quarters as released by Statistics Canada (e.g., as reported in the line “Gross domestic product at market prices” in Table 3 of the quarterly GDP release: https://www150.statcan.gc.ca/n1/daily-quotidien/250829/t003a-eng.htm)

Canada recession before 2027?

In Q4 2024, government expenditures were $7,106,807,000,000 (see https://fred.stlouisfed.org/series/FGEXPND). 

This market will resolve to “Yes” if federal government current expenditures decrease by 5% or more between the Q4 2024 report and the Q4 2025 report. Otherwise, it will resolve to "No".

Any 2025 quarterly report of $6,751,467,000,000 or less will qualify for a “Yes” resolution.

Revisions made to these figures will not be considered, only the values reported in the initial reports will be used.

This market's resolution source is the Federal Government: Current Expenditures chart maintained by the St. Louis Federal Reserve Bank, displayed here (https://fred.stlouisfed.org/series/FGEXPND).


Will Elon cut the budget by at least 5% in 2025?

The CDC reported a general fertility rate of 53.7 births per 1,000 women aged 15–44 for Q2 2025 (see: https://www.cdc.gov/nchs/nvss/vsrr/natality-dashboard.htm). 

This market will resolve to "Yes" if the initial reported rate for Q3 2025 exceeds 53.7, according to the CDC's Vital Statistics Rapid Release series. Otherwise, this market will resolve to "No". 

If the CDC does not release general fertility rate data for Q3 2025 by March 31, 2026, 11:59 PM ET, this market will resolve to "No".

Resolution will be based on the first published estimate for Q3 2025, regardless of any subsequent revisions.

The resolution source will be the CDC’s Vital Statistics Rapid Release.

US fertility rate up in Q3 2025?

In Q4 2024, government expenditures were $7,106,807,000,000 see (https://fred.stlouisfed.org/series/FGEXPND). 

This market will resolve to “Yes” if federal government current expenditures decrease by 10% or more between the Q4 2024 report and the Q4 2025 report. Otherwise, it will resolve to "No".

Any 2025 quarterly report of $6,396,126,000,000 or less will qualify for a “Yes” resolution.

Revisions made to these figures will not be considered, only the values reported in the initial reports will be used.

This market's resolution source is the Federal Government: Current Expenditures chart maintained by the St. Louis Federal Reserve Bank, displayed here (https://fred.stlouisfed.org/series/FGEXPND).

Will Elon cut the budget by at least 10% in 2025?

This market will resolve to “Yes” if the upper bound of the target federal funds rate is increased at any point between January 1, 2026 and the Fed's December 2026 meeting, currently scheduled for December 8-9, 2026. Otherwise, this market will resolve to “No”.

This market may not resolve to "No" until the Fed has released its rate change decision following its December meeting.

The primary resolution source for this market will be the official website of the Federal Reserve (https://www.federalreserve.gov/monetarypolicy/openmarket.htm), however a consensus of credible reporting may also be used.

Fed rate hike in 2026?

This market will resolve to "Yes" if Larry Summers serves any time in a federal, state, or local U.S. jail or prison between November 18, 2025 and December 31, 2025 11:59PM ET. Otherwise, this market will resolve to "No".

The primary resolution source for this market will be official information from the U.S. Government, however a consensus of credible reporting may also be used.

Larry Summers in jail before 2026?

During the 2024 FY ICE removed 271,484 non citizens (see: https://www.ice.gov/doclib/eoy/iceAnnualReportFY2024.pdf).

This market will resolve to "Yes" if U.S. Immigration and Customs Enforcement (ICE) removes 750,000 or more non citizens in the 2025 fiscal year. Otherwise, this market ill resolve to "No".

The resolution source will be the FY 2025 ICE Annual Report. If the FY 2025 ICE Annual Report is not published by February 28, 2026, 11:59 PM ET, another credible resolution source will be used. 

Will Trump deport 750,000 or more people in 2025?

This market will resolve according to the EU GDP growth rates over the same quarter of the previous year % change, based on seasonally adjusted data, in the "GDP and employment flash estimates for the fourth quarter of 2025" flash release for Q4 of 2025, scheduled for January 30, 2026.

If the reported value falls exactly between two brackets, then this market will resolve to the higher range bracket.

The GDP release will be made available here: https://ec.europa.eu/eurostat/web/main/news/euro-indicators

If no data for the specified quarter is released by the date the next quarter's data is scheduled to be released, this market will resolve based on data from the last available quarter.

Note: data from the initial release of the referenced flash GDP report is what will be used to resolve this market. Data may be revised during the following quarter or as a part of the next estimate's publication, however any revisions to GDP report data made after the initial release of the specified report will not be considered for this market's resolution.

Will Eurozone GDP growth in Q4 2025 be between 1.0 and 1.5%?

This market will resolve to "Yes" if the data for the Global Land-Ocean Temperature Index for 2025 shows an increase greater than that of any previously recorded year when it is released. Otherwise, this market will resolve to "No".

An anomaly greater than that of any previously recorded year for 2025 is necessary and sufficient to resolve this market to "Yes" immediately once the data becomes available, regardless of whether the figure for 2024 and/or 2025 is later revised.

The primary resolution source for this market will be the figure found in the table titled "Land-Ocean Temperature Index (C)" under the column "No_Smoothing" in the row "2025" (https://data.giss.nasa.gov/gistemp/graphs/graph_data/Global_Mean_Estimates_based_on_Land_and_Ocean_Data/graph.txt). If NASA's "Global Temperature Index" is rendered permanently unavailable, other information from NASA may be used. If no information for 2025 is provided by NASA by March 1, 2026, 11:59 PM ET, this market will resolve based on a consensus of credible reporting.

Will 2025 be the hottest year on record?

This market will resolve to "Yes" if the data for the Global Land-Ocean Temperature Index for 2025 shows the second greatest increase of any previously recorded year when it is released. Otherwise, this market will resolve to "No".

An anomaly which is the second greatest of any previously recorded year for 2025 is necessary and sufficient to resolve this market to "Yes" immediately once the data becomes available, regardless of whether the figure for 2024 and/or 2025 is later revised.

The primary resolution source for this market will be the figure found in the table titled "Land-Ocean Temperature Index (C)" under the column "No_Smoothing" in the row "2025" (https://data.giss.nasa.gov/gistemp/graphs/graph_data/Global_Mean_Estimates_based_on_Land_and_Ocean_Data/graph.txt). If NASA's "Global Temperature Index" is rendered permanently unavailable, other information from NASA may be used. If no information for 2025 is provided by NASA by March 1, 2026, 11:59 PM ET, this market will resolve based on a consensus of credible reporting.

Will 2025 be the second hottest year on record?

This market will resolve to "Yes" if Jerome Powell serves any time in custody in a federal, state, or local U.S. jail or prison between July 22 (inclusive) and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

The primary resolution source for this market will be official information from the U.S. Government, however a consensus of credible reporting may also be used.

Jerome Powell in jail in 2025

 This market will resolve to "Yes" if the referenced John Bolton serves any time in a federal, state, or local U.S. jail or prison between August 25, and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

The primary resolution source for this market will be official information from the U.S. Government, however a consensus of credible reporting may also be used.


John Bolton in jail in 2025?

The U.S. government collected $82.2b in customs duties in FY 2025 (See: https://www.fiscal.treasury.gov/files/reports-statements/financial-report/2024/notes-to-the-financial-statements19.pdf).

This market will resolve to "Yes"  if the value of costumes duties collected in FY 2025 according to the Financial Report of the United States Government published by the Treasury Department for FY 2025 (See: https://www.fiscal.treasury.gov/reports-statements/financial-report/) is greater than $250b. Otherwise this market will resolve to "No". 

If the Treasury Department does not publish relevant data  for FY 2025 by February 28, 2026, 11:59 PM ET, this market will resolve to "No". 

The resolution source will be the Treasury Department.


Will tariffs generate >$250b in 2025?

This market will resolve to “Yes” if the upper bound of the European Central Bank's deposit facility rate is decreased at any point between August 20 and December 31, 2025 ET. Otherwise, this market will resolve to “No”.

This market may not resolve to "No" until December 31, 2025, 11:59 PM ET has passed.

The primary resolution source for this market will be the official website of the European Central Bank (https://www.ecb.europa.eu/stats/policy_and_exchange_rates/key_ecb_interest_rates/html/index.en.html), however a consensus of credible reporting may also be used.

ECB rate cut in 2025?

This market will resolve to "Yes" if the Treasury 10-year yield is lower than the listed value for any date between February 24 and December 31, 2025. Otherwise this market will resolve to "No".

The resolution source for this market is the Department of the treasury, specially the data listed under "Daily Treasury Par Yield Curve Rates" for the column "10 Yr" (see: https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value=2025).


Will the 10-year Treasury yield dip below 3.9% in 2025?

This market will resolve to “Yes” if the upper bound of the target federal funds rate is decreased at any point between December 16, 2025 and the completion of the Federal Open Market Committee (FOMC) meeting for June 2026, currently scheduled for June 16-17. Otherwise, this market will resolve to “No”.

If no June meeting takes place by July 7, 2026, 11:59 PM ET, and no qualifying rate cut has been announced, this market will resolve to "No". 

Emergency rate cuts will qualify.

The primary resolution source for this market will be the official website of the Federal Reserve (https://www.federalreserve.gov/monetarypolicy/openmarket.htm), however a consensus of credible reporting may also be used.

Fed rate cut by June 2026 meeting?

This market will resolve to "Yes" if the next Canadian federal election is officially scheduled for a date prior to October 2029, by June 30, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

For this market to resolve to "Yes" it is only necessary that the election date be declared, not that the election actually occur within the market timeframe. (e.g. if on December 23, 2025 an election is scheduled for November 23, 2026, this market will resolve to "Yes").

The primary resolution source for this market will be official information from the government of the Canada, However a consensus of credible reporting will also be used.

Another Canada election called by June 30?

This market will resolve to “Yes” if the upper bound of the European Central Bank’s (ECB) deposit facility rate is decreased at any point between January 1, 2026 and the conclusion of the ECB's December 2026 meeting, currently scheduled for December 16-17, 2026. Otherwise, this market will resolve to “No”.

This market may not resolve to "No" until the ECB has released its rate change decision following its December meeting. If, however, the ECB’s December meeting is cancelled, postponed after December 31, 2026, or the rate change decision for that meeting is otherwise unknown by December 31, 2026, 11:59 PM ET, and no qualifying rate decrease has occurred, this market will resolve immediately to “No”.

The primary resolution source for this market will be the European Central Bank (https://www.ecb.europa.eu/stats/policy_and_exchange_rates/key_ecb_interest_rates/html/index.en.html), however a consensus of credible reporting may also be used.

ECB rate cut in 2026?

This market will resolve to "Yes" if the next Japanese general election is scheduled between November 10, 2025, and June 30, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

This market is about whether a date for the next Japanese election is announced within the stated timeframe. The date the election is scheduled to take place will have no effect on the resolution of this market.

The primary resolution source for this market is official information from the Government of Japan; however, a consensus of credible reporting may also be used.

July jobs report prints negative?

Market Context

July jobs report prints negative?

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July jobs report prints negative?

Market Context

July jobs report prints negative?

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