RiseSmart's Unemployment Rate Predictor Outperforms Vegas Oddsmakers as Broncos Defeat Panthers in Super Bowl 50

The latest victory brings the success rate of RiseSmart's predictor to 75 percent.

Feb 08, 2016, 15:04 ET from RiseSmart

SAN JOSE, Calif., Feb. 8, 2016 /PRNewswire/ -- The winning team of the Super Bowl once again hails from the city with the lower unemployment rate, an outcome that occurs three-quarters of the time according to an analysis by RiseSmart, a Randstad company and the leading provider of contemporary career transition solutions. Data from the Bureau of Labor Statistics (BLS) shows that the team whose metropolitan area boasts the lower unemployment rate has now enjoyed a 75 percent success rate since 1981.

On Feb. 1, RiseSmart issued its annual Super Bowl prediction, forecasting that the Denver Broncos would defeat the Carolina Panthers in the Big Game based on an analysis of BLS data. Through November, the 2015 unemployment rate for Denver was 3.9 percent, compared to 5.4 percent for Charlotte, signaling a Denver victory. The Broncos defeated the Panthers 24-10 Sunday, confirming RiseSmart's prediction while defying those of Vegas oddsmakers.

This is the sixth consecutive year that RiseSmart has issued its Big Game prediction based on unemployment data. View a news release with a data table correlating teams and BLS jobless rates for the past 35 years, or see the data in a colorful Super Bowl infographic.

"We're glad to see the unemployment rate is continuing to improve and that it's had a positive impact on the Denver fan base," said RiseSmart CEO Sanjay Sathé. "But there is still more work to be done and more people to be placed into new jobs. That's our goal at RiseSmart, where our approach to outplacement is allowing us to proudly put people back to work 60 percent faster than the national average."

About RiseSmart
RiseSmart, a Randstad company, is the leading provider of contemporary career transition services that strengthen employer brands, improve retention and re-engage talent. RiseSmart's contemporary approach to outplacement combines personalized services from trained professionals with unmatched technology delivered through a convenient, cloud-based platform. High-performing organizations in more than 40 industries rely on RiseSmart's outplacement solution to help former employees find new jobs faster. Landing rates exceeding 80 percent and time-to-placement averages more than 60 percent faster than national averages have helped make RiseSmart the nation's fastest-growing outplacement firm. RiseSmart's innovative approach to human capital management has earned the company a wide range of awards and recognition from organizations including Bersin by Deloitte, the Best in Biz, Gartner Inc., the Golden Bridge Awards, GreatRated!, LAROCQUE, the Momentum Index, Red Herring, the San Francisco Business Times, SiliconIndia, the Silicon Valley/San Jose Business Journal, the Stevie Awards and TIE. Additionally, RiseSmart's outplacement solution has earned the exclusive endorsement of the American Hospital Association. For more information, visit www.risesmart.com.

CONTACT: Brittany McLaughlin, 1-972-850-5869, bmclaughlin@ideagrove.com

 

SOURCE RiseSmart



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