May 2014: Unemployment Rate Predictions

[See here for a refresher on the applicability of forecasting unemployment rate movements using google trends.] The month of May 2014 has seen the volume of searches for the term “Unemployment Benefits” in Google reach 32, which is greater than both May 2013 and May 2012, suggesting an increase in the unemployment rate for this month. See … More May 2014: Unemployment Rate Predictions

April 2014: Unemployment Rate Predictions *UPDATE*

[To reiterate, the google trends “unemployment benefits” indicator identified that the unemployment rate for the month of April 2014 would see an increase over the prior month. See here for further details.] One week ago, we checked in on google search volume for the term “Unemployment Benefits” and the count was at 45. With April behind us, the … More April 2014: Unemployment Rate Predictions *UPDATE*

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 … More April 2014: Unemployment Rate Predictions

How Google Trends Can Predict U.S. Unemployment Rate Movements

An interesting Forbes article that was released back in 2010 discusses how Google Search Volume for the term “Jobs” was an effective predictor of U.S. Unemployment rate movements. (See here for the article in question.) I can imagine that at the time the Forbes article was released that the term “Jobs” was effective at determining changes … More How Google Trends Can Predict U.S. Unemployment Rate Movements