{
  "$schema": "https://clearmarket.fyi/schema/signal/v1.json",
  "record_id": "CMSIG2026090703",
  "record_slug": "sep-unemployment-rate-implied-at-4-0-4-1-ladder-81-49-2026-09-07",
  "schema_version": "v0.2.0",
  "provenance_version": "0.2.0",
  "published_at": "2026-09-07T00:00:00.000Z",
  "semantic_title": "September unemployment rate seen near 4 percent",
  "telemetry": "Kalshi ladder",
  "headline": "Sep unemployment rate implied at 4.0-4.1%: ladder 81%/49%",
  "category_tag": "MOMENTUM_REPRICING",
  "secondary_tags": [],
  "detection_path": "news_cycle",
  "pre_news_classification": "concurrent",
  "status": {
    "state": "live",
    "as_of": "2026-09-07",
    "outcome": null,
    "outcome_basis": null,
    "final_price": null,
    "resolved_at": null
  },
  "target_event_id": "CM-EVT-720DZC17Y9",
  "target_event_slug": "kxu3-26sep",
  "event_question": "September 2026 unemployment rate (U-3)",
  "linked_event_ids": [],
  "primary_market": {
    "platform": "kalshi",
    "platform_market_id": "KXU3-26SEP-T4.1",
    "question_raw": "Will the unemployment rate (U-3) be above 4.1% in September?",
    "current_price": 0.49,
    "volume_24h_usd": 58.8,
    "arbitration_model": "kalshi_staff",
    "resolution_source": "Bureau of Labor Statistics",
    "resolves_at": "2027-01-01T14:00:00Z"
  },
  "related_markets": [],
  "bullets": [
    "Ladder implies September U-3 unemployment in the 4.0-4.1% range: 81% above 4.0% but only 49% above 4.1%.",
    "Strong August hiring is consistent with unemployment staying anchored near 4.0%, not rising, the ladder reflects that signal.",
    "The near-coin-flip at the 4.1% strike shows genuine uncertainty about whether jobs strength compresses unemployment below the prior trend.",
    "A companion ladder (CM-EVT-RBY62SKLC0) prices only 16% on unemployment reaching 4.5% before 2027, suggesting the market sees no near-term spike risk."
  ],
  "atomic_claims": [
    {
      "type": "news_event",
      "field_provenance": {
        "story": {
          "tier": "mediated",
          "method": "exa_search",
          "source": "fxstreet.com",
          "source_url": "https://www.fxstreet.com/news/united-states-dollar-index-strengthens-above-9900-as-robust-us-jobs-data-boosts-fed-rate-hike-bets-202609070225",
          "retrieved_at": "2026-09-07T13:54:18+00:00"
        }
      },
      "significance": {
        "threshold": 5,
        "threshold_unit": "rank",
        "passed": true,
        "reason": "surfaced in the daily Exa news-cycle scan; mechanically matched to an active kalshi market"
      },
      "story": "August NFP crushed forecasts at 162,000 jobs added, reigniting debate about labor market resilience and the unemployment rate trajectory.",
      "publisher": "fxstreet.com",
      "published_at": "2026-09-07T00:00:00.000Z",
      "source_url": "https://www.fxstreet.com/news/united-states-dollar-index-strengthens-above-9900-as-robust-us-jobs-data-boosts-fed-rate-hike-bets-202609070225"
    },
    {
      "type": "pm_response",
      "field_provenance": {
        "notes": {
          "tier": "editorial",
          "method": "llm_judge_cm_signal_v1"
        }
      },
      "notes": "Ladder resolves against the BLS Employment Situation release for September 2026; the tight 4.0-4.1% implied range reflects the post-NFP recalibration."
    }
  ],
  "sources": [
    {
      "label": "fxstreet.com: United States Dollar Index strengthens above 99.00 as robust US jobs d",
      "url": "https://www.fxstreet.com/news/united-states-dollar-index-strengthens-above-9900-as-robust-us-jobs-data-boosts-fed-rate-hike-bets-202609070225",
      "published_at": "2026-09-07T00:00:00.000Z",
      "retrieved_at": "2026-09-07T13:54:18+00:00"
    }
  ],
  "field_provenance": {
    "pm_data": "kalshi_api",
    "news_context": "exa_search",
    "editorial_judgment": "cm_signal_llm_judge"
  },
  "canonical_urls": {
    "html": "https://clearmarket.fyi/signals/sep-unemployment-rate-implied-at-4-0-4-1-ladder-81-49-2026-09-07/",
    "json": "https://clearmarket.fyi/signals/sep-unemployment-rate-implied-at-4-0-4-1-ladder-81-49-2026-09-07.json"
  },
  "license": "https://creativecommons.org/licenses/by/4.0/",
  "_provenance_registry": {
    "direct": "Unaltered extraction from primary venue/source API (e.g., polymarket_clob_api, kalshi_api, BLS, FRED). Highest trust tier.",
    "mediated": "Information fetched via grounded agentic retrieval (e.g., perplexity_grounded). MUST carry source_url to the underlying primary source.",
    "derived": "Algorithmic computation from listed inputs. Chain only as fresh as the oldest input timestamp (see as_of).",
    "editorial": "Interpretive classification produced by a versioned LLM prompt template (prompts auditable in github.com/JDSource/clearmarket/prompts)."
  },
  "_provenance_canonical": "https://clearmarket.fyi/schema/provenance/v1"
}