INFO 4470/ILRLE 4470 Social and Economic Data Introduction John M. Abowd and Lars Vilhuber January...

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INFO 4470/ILRLE 4470 Social and Economic Data Introduction John M. Abowd and Lars Vilhuber January 24, 2011
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Transcript of INFO 4470/ILRLE 4470 Social and Economic Data Introduction John M. Abowd and Lars Vilhuber January...

Page 1: INFO 4470/ILRLE 4470 Social and Economic Data Introduction John M. Abowd and Lars Vilhuber January 24, 2011.

INFO 4470/ILRLE 4470Social and Economic Data

IntroductionJohn M. Abowd and Lars Vilhuber

January 24, 2011

Page 2: 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....

Page 3: INFO 4470/ILRLE 4470 Social and Economic Data Introduction John M. Abowd and Lars Vilhuber January 24, 2011.

News releases

Page 4: INFO 4470/ILRLE 4470 Social and Economic Data Introduction John M. Abowd and Lars Vilhuber January 24, 2011.

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

Page 5: INFO 4470/ILRLE 4470 Social and Economic Data Introduction John M. Abowd and Lars Vilhuber January 24, 2011.

Adding more data

Page 6: INFO 4470/ILRLE 4470 Social and Economic Data Introduction John M. Abowd and Lars Vilhuber January 24, 2011.

Adding more details

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

Page 7: INFO 4470/ILRLE 4470 Social and Economic Data Introduction John M. Abowd and Lars Vilhuber January 24, 2011.

LAUShttp://www.bls.gov/news.release/laus.nr0.htm

Page 8: INFO 4470/ILRLE 4470 Social and Economic Data Introduction John M. Abowd and Lars Vilhuber January 24, 2011.

That is sooo old...

Page 9: INFO 4470/ILRLE 4470 Social and Economic Data Introduction John M. Abowd and Lars Vilhuber January 24, 2011.

GeoFRED

http://geofred.stlouisfed.org/

Page 10: INFO 4470/ILRLE 4470 Social and Economic Data Introduction John M. Abowd and Lars Vilhuber January 24, 2011.

GeoFRED

http://geofred.stlouisfed.org/

Page 11: INFO 4470/ILRLE 4470 Social and Economic Data Introduction John M. Abowd and Lars Vilhuber January 24, 2011.

GeoFRED or... make a movie

Page 12: INFO 4470/ILRLE 4470 Social and Economic Data Introduction John M. Abowd and Lars Vilhuber January 24, 2011.

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/