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Posts Tagged ‘unemployment’

Google's New Correlation Mining Tool: It Works!

You may have heard of Google Trends. It’s a cool tool which will show you the ups-and-downs of the public’s interest in a particular topic—at least as revealed in how often we search for it. And you may have even heard of the first really important use of this tool: Google Flu Trends, which uses search data to try to predict flu activity. Now Google has released an amazing way to reverse engineer the process: Google Correlate. Just feed in your favorite weekly time series (or cross-state comparisons), and it will tell you which search terms are most closely correlated with your data.
So I tried it out. And it works! Amazingly well.


The Economics of Gym-Going, Part 1

A new study finds that unemployment “increases the risk of premature mortality by 63 percent.”  Eran Shor, one of the study’s authors, believes there’s a causal relationship: “In past research on the topic, Shor said it was hard to distinguish whether pre-existing health conditions, such as diabetes or heart problems, or behaviors such as smoking, drinking or drug use, lead to both unemployment and a greater risk of death. In the new study, controls were included to account for those factors.”