First of all, congratulations to the Seventh District Indianapolis Colts for keeping their cool after the Seventh District Chicago Bears jumped to an early lead in Super Bowl XLI. Payton Manning and the rest of the Colts offense kept the vaunted Bears defense off balance, and the Colts defense overcame its season reputation and caused endless problems for the Bears offense. But of greater interest....
Check out a post by Chicago Fed economist, Mike Munley, on our other Chicago Fed blog. Mike looks at the link (if any) between Super Bowl perfomance and the unemployment rate in the participating cities. He notes that in 16 of the past 22 games, the city with lowest unemployment rate saw their team win the game. (Yes, Indianapolis' rate was lower than Chicago's.) This provides another interesting example in understanding data, correlation and causality. You may also find some of the comments received on the blog of interest.
Your comments are welcome.
Posted by TSchilling at February 5, 2007 8:54 AM
Despite this, the Bears may want to explore making Rex Grossman unemployed. While this may only worsen Chicago's unemployment, it may actually give them a better shot at the Super Bowl next year. It really doesn't matter though, Colts to repeat.
Posted by: Chrissy at February 27, 2007 6:58 PM