Nowcasting Unemployment Rates with Smartphone GPS Data

Autor: Daisuke Moriwaki
Rok vydání: 2020
Předmět:
Zdroj: Lecture Notes in Computer Science ISBN: 9783030380809
MASTER@PKDD/ECML
DOI: 10.1007/978-3-030-38081-6_3
Popis: Unemployment rate is one of the most important macroeconomic indicators. Central governments and market participants heavily rely on the index to assess the economies. However, official statistics of unemployment rate are released infrequently with substantial delay. Prediction of official statistics of labor market will be helpful for these authorities as well as private companies and even workers. In this paper, we combine massive location data coming from smartphones and mixed data sampling (MIDAS) techniques to predict current unemployment rate in Japan. We found GPS data is very useful to predict the status of labor markets.
Databáze: OpenAIRE