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INFO 4470/ILRLE 4470 Social and Economic Data Introduction

INFO 4470/ILRLE 4470 Social and Economic Data Introduction. John M. Abowd and Lars Vilhuber January 24, 2011. Unemployment. Important economic indicator Based on survey (CPS) data Monthly official releases Several definitions, but one core definition Boring data. News releases.

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INFO 4470/ILRLE 4470 Social and Economic Data Introduction

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  1. INFO 4470/ILRLE 4470Social and Economic DataIntroduction John M. Abowd and Lars VilhuberJanuary 24, 2011

  2. Unemployment • Important economic indicator • Based on survey (CPS) data • Monthly official releases • Several definitions, but one core definition • Boring data....

  3. News releases

  4. Source: Bureau of Labor Statistics • http://www.bls.gov/news.release/empsit.nr0.htm

  5. Adding more data

  6. Adding more details • Unemployment rate varies widely by • Demographic groups (men, women, young, old) • Industry, Occupation (in last job) • Geography → Local Area Unemployment Statistics

  7. http://www.bls.gov/news.release/laus.nr0.htm LAUS

  8. That is sooo old...

  9. GeoFRED • http://geofred.stlouisfed.org/

  10. GeoFRED • http://geofred.stlouisfed.org/

  11. GeoFRED • or... make a movie

  12. FRED • Online database of economic indicators maintained by the Federal Reserve Bank of St. Louis • Defined API for web services • See http://research.stlouisfed.org/fred2/

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