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Tracking the Labor Market with "Big Data"

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Abstract

In our research, we explore the information content of the ADP microdata alone by producing an estimate of employment changes independent from the BLS payroll series as well as from other data sources.

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  • Tomaz Cajner & Leland D. Crane & Ryan A. Decker & Adrian Hamins-Puertolas & Christopher J. Kurz, 2019. "Tracking the Labor Market with "Big Data"," FEDS Notes 2019-09-20-1, Board of Governors of the Federal Reserve System (U.S.).
    • Handle: RePEc:fip:fedgfn:2019-09-20-1
    DOI: 10.17016/2380-7172.2441
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    File URL: https://www.federalreserve.gov/econres/notes/feds-notes/tracking-the-labor-market-with-big-data-20190920.htm
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    Cited by:

    1. Tomaz Cajner & Leland D. Crane & Ryan A. Decker & Adrian Hamins-Puertolas & Christopher J. Kurz, 2020. "Tracking Labor Market Developments during the COVID-19 Pandemic: A Preliminary Assessment," Finance and Economics Discussion Series 2020-030, Board of Governors of the Federal Reserve System (U.S.).
    2. Daniel Aaronson & Scott A. Brave & R. Andrew Butters & Daniel Sacks & Boyoung Seo, 2020. "Using the Eye of the Storm to Predict the Wave of Covid-19 UI Claims," Working Paper Series WP-2020-10, Federal Reserve Bank of Chicago, revised 16 Apr 2020.

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