What is it about?

The COVID-19 pandemic disrupted the collection and release of labour market data. Using nowcasting techniques we leverage information from available high-frequency indicators to measure the effects on the pandemic on labour markets. Both the scale and speed of disruption were unprecedented.

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Why is it important?

During the pandemic policy makers had a lack of timely information in many economic dimensions. By providing timely updates of trends in the labour market we were able to inform policy making at a crucial time for the world of work.

Perspectives

It was a great pleasure to finally write this article, after already having run the model 8 times being able to devote some time to document how the model worked has been extremely rewarding.

Roger Gomis
International Labour Organization

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This page is a summary of: The ILO nowcasting model: Using high-frequency data to track the impact of the COVID-19 pandemic on labour markets1, Statistical Journal of the IAOS, September 2022, IOS Press,
DOI: 10.3233/sji-220055.
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