ETLAnow: A Model for Forecasting with Big Data

Abstract

In

Using online job postings to predict key labour market indicators

“…Another stream of earlier studies has explored the potential of online search data in predicting unemployment (Askitas & Zimmermann, 2009; Caperna et al, 2020; Fondeur & Karamé, 2013; Tuhkuri, 2016). We contribute to this literature by exploring the potential of OJV data in predicting labour market–relevant indicators other than JVSs.…”

“…While the potential of other online data, such as trends in internet searches or social networks, in predicting unemployment was explored in the past (e.g. Askitas & Zimmermann, 2009; Bokányi et al, 2017; Caperna et al, 2020; Fondeur & Karamé, 2013; Tuhkuri, 2016), we are not aware of any study exploring trends in the total number of OJVs specifically to predict unemployment or employment.…”

“…For example, Choi and Varian (2012) and Schmidt and Vosen (2013) predict the development of the economic cycle. For the purpose of predicting unemployment, online search data are explored at the European level by Tuhkuri (2016), at the country level by Askitas and Zimmermann (2009) and Fondeur and Karamé (2013) and specifically in the context of the COVID-19 pandemic by Caperna et al (2020).…”

“…While there is a rather larger stream of studies using search trends or social network data to predict unemployment (e.g. Askitas et al 2009; Tuhkuri, 2016; Bokányi et al, 2017; or Caperna et al, 2020), studies exploring the potential of OJV data in predicting labour market indicators beyond official vacancy statistics remain limited. We contribute to this relatively undernourished stream by exploring the potential for prediction of job vacancy statistics and official statistics on two key labour market indicators: employment and unemployment.…”

The Analysis of Unemployment in Siberia at an Initial Stage of Covid-19

“…За прошедшее время в данной области был накоплен достаточно богатый опыт как с точки зрения применяемого инструментария, так и с точки зрения географии проведенных исследований, включая работы для США (D'Amuri, Marcucci, 2017;Yi et al, 2020), Великобритании (McLaren, Shanbhogue, 2011), Франции (Fondeur, Karamé, 2013, Португалии, Испании, Франции, Италии (Barreira et al, 2013), Чехии, Венгрии, Польши, Словакии (Pavlicek, Kristoufek, 2015), Турции (Chadwick, Sengül, 2015), для стран Европейского союза в целом (Tuhkuri, 2016;Anttonen, 2018;Caperna et al, 2020).…”