Search volumes for terms like 'coupon' and 'unemployment,' which were leading indicators of the Great Recession, are down significantly.
DataTrek Research looked at domestic Google search trends as a recession indicator and found that “the U.S. economy still looks pretty solid.”
“If the Federal Reserve looked at Google Trends they might not be so inclined to cut rates next week,” says Nicholas Colas, co-founder of DataTrek Research.If what Americans look for on Google is any indication, we're nowhere near a recession. "If the Federal Reserve looked at Google Trends they might not be so inclined to cut rates next week," said Nicholas Colas, co-founder of DataTrek Research.
While weekly initial claims data and the monthly jobs report shows employment trends after layoffs start, online searches for "unemployment" could be an even earlier indicator, according to Colas. People search for the term when they fear a layoff is imminent. Google searches for "unemployment" started increasing in 2005 by more than 5% year over year. Today, there's no change in Google searches and June 2019 was basically flat compared to last year.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Lifetime Working on Film Based on College Admissions Scandal | THR NewsLifetime may win the race to put the CollegeAdmissionsScandal on TV. Here's what they have in store: THRNews
Leer más »
Plant-Based Persuasion: The Tricky Psychology Behind ‘Eat Less Beef’In the past year, sales of plant-based foods have grown 11%, bringing the plant-based market to $4.5 billion. But the plant-based revolution isn’t over and won just yet.
Leer más »
How to Survive a Breakup, Based on Your SignRead on and find out how your zodiac sign bounces back from a breakup.
Leer más »
Kenya Barris, Kid Cudi Team for Netflix Animated Series Based on Cudi’s New AlbumKenya Barris and Kid Cudi have set an adult animated music series at Netflix with an added twist. The series will be based on Cudi’s upcoming album, “Entergalactic,” which is set …
Leer más »
Cell-Based Fish: 4 Important Facts Everyone Should Know
Leer más »
Eating a plant-based diet might help prevent diabetes, study suggestsSticking to a plant-based diet could help lower your risk of type 2 diabetes, a new paper suggests. That link between plant-based eating habits and type 2 diabetes is even more beneficial when only healthy plant-based foods are included in your daily diet.
Leer más »