Is another recession on the horizon? Google search data has some clues.
By January 2008, it was clear that something was deeply amiss in the global economy. The unemployment rate was creeping upward. The Federal Reserve had slashed interest rates by the largest amount in 25 years. And financial markets around the world were tumbling.
The growing list raised a natural question: Are we in a recession?
To find out, many Americans typed a simple query into Google: "recession 2008." It was a more useful search term than plain-old "recession," which returned a...