Indeed, Accornero and Moscatelli (2018) show that a Twitter-based indicator of sentiment toward banks improves the predictions of a standard benchmark model of depositor discipline based on financial data.4 Astuti et al. (2022) use Twitter to analyze the most actively discussed topics related to the COVID-19 pandemic and build a real-time indicator for the average sentiment of the users.5 Aprigliano et al.
Like the U-3 unemployment rate provided by the BLS, the adjusted rate is also at a post-pandemic low. This broader measure of labor market slack encompasses 12.8 million individuals in July 2021, as compared with the official 8.7 million unemployed workers reported by the Bureau of Labor Statistics.