Some day we won’t have to wait until the monthly unemployment report to know what’s happening in the job market.
New research shows cyber chatter can predict the rise and fall of unemployment in real time.
Many
of us complain about our financial health in social media, including
everything from cutting back on healthcare to deciding not to buy that
new car. Such discussions can provide a window into employment
conditions months before traditional government statistics.
Those are the findings of a recent study by software firm SAS and a United Nation's data initiative UN Global Pulse that
looked at online discussions in the United States and Ireland over a
two-year period and found increased social media talk about things such
as postponing vacations or taking more mass transit predicted spikes in
the unemployment rates in both countries. More...
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