Author: Arthur Grainger
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Can We Predict UK Unemployment Using Google Search Data?
Shrinkage and Selection in “Big Data”: Nowcasting the UK Labour Market (2004–2025) The Problem: The Information Gap Official UK unemployment statistics from the ONS are the gold standard – but they arrive late. With a publication lag of roughly 6–8 weeks, policymakers, businesses, and analysts are often forced to make decisions using data that already…