Researchers use mobile phone data to predict employment shocks

North­eastern com­pu­ta­tional social sci­en­tist David Lazer and his inter­dis­ci­pli­nary research team have demon­strated that mobile phone data can be used to pre­dict future unem­ploy­ment rates up to four months before the release of offi­cial reports and more accu­rately than tra­di­tional forecasts.