How low can he go? Intrade chances for Obama's reelection fall after awful jobs report

Barack Obama’s reelection odds are down on Intrade following the dismal jobs news released today, but not by much.

Obama reelection now trading at 56.5%, down from 57.7% Thursday https://t.co/DO5cfqRL

— Greg Ip (@greg_ip) June 1, 2012

Mitt Romney’s odds are up slightly:

https://twitter.com/mittNESS/status/208562115303325696

Despite the small changes, people are watching the market closely.

Consecutive months of little growth in employment continues to lower Obama's numbers on Intrade

— Steven Harris (@HarrisStevenJ) June 1, 2012

https://twitter.com/tjic/status/208557725578297345

would have expected bigger drop “@JimPethokoukis: Obama contract down 2.5% on Intrade since jobs report, now 55.2%”

— Michael Granoff (@mikejgr) June 1, 2012

Twitchy will continue to follow the Intrade predictions and update as needed.

UPDATE:

https://twitter.com/erickflaig/status/208576962065735681