Abstract:Detailed labour market and economic data are often released infrequently and with considerable time lags between collection and release, making it difficult for policymakers to accurately assess current conditions. Nowcasting is an emerging technique in the field of economics that seeks to address this gap by 'predicting the present'. While nowcasting has primarily been used to derive timely estimates of economy-wide indicators such as GDP and unemployment, this article extends this literature to show how big … Show more
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