Unique ID: 2015057

Division: DIQR Department
Issue Date: February 13th 2019
Last modified: February 22nd 2019
Collaborative

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

Labor

Project Sources
Project Sources
Type Of Institution: National statistical office
Big Data Source: Other
Region: Europe & Central Asia
Country Area: Italy
Id Country Regional: country
Partnerships
Partnerships
Other Partners: Government institute
Accessing Data
Accessing Data
Data Access Rights: Broader access rights
Data Coverage
Data Coverage
Data Coverage: Other
Coverage Geo Pop: Whole country / high % of market
Cost Implication: Free
Coverage Period: 4 years
Project Details
Project Details
Frequency Comments: Google Trend returns a random sample of the query.
Data Quality
Data Quality
Quality Framework: Quality of output statistics
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
Methodology
Methods Used: Traditional statistical methods
Technologies
Technologies
Technologies: Other
Technologies Comments: Data produced by Google Engine
Other
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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