2022
DOI: 10.3389/fpubh.2022.952363
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Nowcasting unemployment rate during the COVID-19 pandemic using Twitter data: The case of South Africa

Abstract: The global economy has been hard hit by the COVID-19 pandemic. Many countries are experiencing a severe and destructive recession. A significant number of firms and businesses have gone bankrupt or been scaled down, and many individuals have lost their jobs. The main goal of this study is to support policy- and decision-makers with additional and real-time information about the labor market flow using Twitter data. We leverage the data to trace and nowcast the unemployment rate of South Africa during the COVID… Show more

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Cited by 4 publications
(2 citation statements)
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“…While both stance detection and sentiment analysis have been extensively used in analyzing social media posts, there is a need to evaluate the performance of automated labeling approaches, especially in the domain of stance detection [ 2 , 3 ]. Traditionally, sentiment analysis and stance detection models were developed using hand-labeled data, which is labor-intensive and time-consuming.…”
Section: Introductionmentioning
confidence: 99%
“…While both stance detection and sentiment analysis have been extensively used in analyzing social media posts, there is a need to evaluate the performance of automated labeling approaches, especially in the domain of stance detection [ 2 , 3 ]. Traditionally, sentiment analysis and stance detection models were developed using hand-labeled data, which is labor-intensive and time-consuming.…”
Section: Introductionmentioning
confidence: 99%
“…Therefore, social media is broadly used in different areas of research, especially the COVID-19 pandemic [ 14 ]. Although social media has widely been studied for different aspects of the COVID-19 pandemic such as macroeconomic consequences [ 15 ], indicator prediction [ 16 ], mental health problems [ 17 ], misinformation [ 18 ], and vaccine hesitancy [ 19 ], few papers have used it to understand mass opinions on ivermectin. Diaz et al [ 20 ] have studied ivermectin from a political point of view.…”
Section: Introductionmentioning
confidence: 99%