The weird Google searches of the unemployed and what they say about the economy
If you really want to know how the economy is doing now, just Google it. At least that’s the goal of a growing number of researchers who are turning to big data in hopes of unlocking the secrets of the economy at the speed of the Internet. The movement — dubbed “nowcasting” — is piquing the interest of policymakers in Washington and around the world frustrated by the long lag in official government statistics as they make decisions where timing is everything.
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