Matthew D. Shapiro

Shapiro comments of the value of Twitter data for gauging unemployment

an In The Media Reference

"The weird Google searches of the unemployed and what they say about the economy" - Washington Post. 5/30/2014.

This story looks at how researchers are using big data — culled from internet browsing histories and social media use — to predict unemployment rates, retail prices, home buying, and more, often before the U.S. releases its official estimates. Matthew Shapiro says: “Statistics serve us really well and are completely essential as benchmarks for where the economy is — or more precisely, has been. But we don’t have a lot of indicators that tell us what’s happening right now, particularly when the economy is changing direction.”

Researchers:

Matthew D. Shapiro

Additional Media Coverage:

"What search engines tell governments about the economic here and now" - The Guardian. 6/14/2014.

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