Monday, November 23, 2009

The Sentiment on the US Economy from Twitter

The Analytic Bridge blog describes an exercise conducted by Life Analytics where 10000 tweets containing the word economy were collected with the purpose of finding out what people think and how they feel about the US Economy and the economic crisis. The exact details of the methodology don't seem to be documented, but the following are some results:

- US President tells that the economy gets better but people don't feel the same.

- Economy cannot be getting better while at the same time there are layoffs.

- People expressing very negative feelings after losing their jobs.

1 comment:

Martin Ryan said...

On a related note, do published statistics tend to overstate the strength of the US economy? The answer is yes, acoording to 80 experts at a recent conference sponsored by the Upjohn Institute and the National Academy of Public Administration. This view was shared by "those who attended from the Bureau of Economic Analysis, the Bureau of Labor Statistics and the Federal Reserve, all big players in measuring economic performance."