Unique ID: 2015057
| Division: | DIQR Department |
|---|---|
| Issue Date: | February 13th 2019 |
| Last modified: | February 22nd 2019 |
Cost: FREE
Use of Google Trend for "now-casting" the unemployment rate
Use of Google Trend for "now-casting" the unemployment rate
Currently flash statistics on unemployment rate are produced after one month. The project aims to reduce this time-lag
Project Objective:
Pilot intended to go to production to improve timeliness
Project Outcomes:
Improve the accuracy and the timeliness of labor statistics. Learn about the use of online search data for improving the quality of official statistics in general.
Publications Comments:
Proceedings in conferences
Statistical Area
Project Sources
| Type Of Institution: | National statistical office |
|---|---|
| Big Data Source: | Other |
| Region: | Europe & Central Asia |
| Country Area: | Italy |
| Id Country Regional: | country |
Partnerships
| Other Partners: | Government institute |
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Accessing Data
| Data Access Rights: | Broader access rights |
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Data Coverage
| Data Coverage: | Other |
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| Coverage Geo Pop: | Whole country / high % of market |
| Cost Implication: | Free |
| Coverage Period: | 4 years |
Project Details
| Frequency Comments: | Google Trend returns a random sample of the query. |
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Data Quality
| Quality Framework: | Quality of output statistics |
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| Quality Aspects Evaluated: | Completeness, Usability, Time Factors, Accessibility, Relevance, Validity, Accuracy, including selectivity, Coherence, including linkability to other sources |
| Validation Comments: | Comparison with the official statistics on labor market. |
| Quality Framework Comments: | Quantitative |
| Data Quality Concerns Comments: | Main concern is about the sampling process producing the Google Trend index |
Methodology
| Methods Used: | Traditional statistical methods |
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Technologies
| Technologies: | Other |
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| Technologies Comments: | Data produced by Google Engine |
Other
| Income Level: | High-income |
|---|---|
| Iso: | IT |
| Timeframe To Produce Indicator: | NA |
| Frequency Comments: | Google Trend returns a random sample of the query. |
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