April 2014: Unemployment Rate Predictions

[See here for a refresher on the applicability of forecasting unemployment rate movements using google trends.]

With 10 days to go in the month of April, we have already seen searches for the term “Unemployment Benefits” surpass search volume levels for the same month last year. In fact, the search volume for the term has also outpaced search volumes for the same month in 2011 and 2012, a time where the unemployment rate topped the 8% mark. The expectation would be that the Bureau of Labour Statistics publishes an unemployment rate that has increased over the month of March 2014. In the event that searches for the remainder of the April 2014 continue upward in a strong manner, it would only add further support of the unemployment rate coming in higher.

See below for further details:

Search Volume for "Unemployment Benefits"
Search Volume for “Unemployment Benefits”

One thought on “April 2014: Unemployment Rate Predictions

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.