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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 Crane & Ryan 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 Crane & Ryan 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. , 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.

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