Throughout 2020 and 2021 funds, private equity and governments have asked "How do I use alternative data to get real time insight into the US economy? What are the validated datasets and approaches?" The event sought to address those questions under the theme: “How is the U.S. economy really doing? Measured by a real-time macro framework employing alternative data.”
Hackathon attendees gained insight from the five participating teams on their approach to data blending and alpha testing to arrive at a real time macro framework, and heard from experienced judges, with domain expertise, who gave their assessment of the most interesting output.
Dr. Ben Lourie of the University of California, Irvine and his team were awarded second place in the Hackathon for their presentation, powered in part by LinkUp employment data. LinkUp’s labor market data helped the team provide analysis on firm demand, showing job postings at public firms had returned to pre-pandemic levels. The data also provided insights on equity in recovery among job postings, showing that automated and non-automated jobs, remote and non-remote jobs, as well as jobs in different pay categories had all recovered.
“There is a tremendous amount of unrealized value in job posting information,” said Dr. Lourie. “Linkup data stands out as timely and forward looking, which was particularly useful within the context of this challenge.“
For more information, visit LinkUp or Eagle Alpha.