Is the labor market turning? Latest data from Google shows a pick up in search interest for the team “unemployment benefits”. We’ll need a couple more months of data before we can begin to feel confident a trend is under way. (1/13)
If you’re new reader, this thread takes a look at whether Google search interest data is a useful predictor of US recession timing, and seeks to make an educated guess on when the next recession will arrive based on the data, which comes from trends.google.com. (2/13)
Google assigns an interest value to search terms based on a scale of 0 to 100, explaining that “a value of 100 is the peak popularity for the term. A value of 50 means that the term is half as popular. A score of 0 means there was not enough data for this term.” (3/13)