San Francisco, CA (PRWEB) September 19, 2012
Bright.com, the company that employs data science to create a precise pairing between job seekers and job openings, today launched Bright Labs. Developed by a team of data scientists and engineers, Bright Labs synthesizes data points from disparate proprietary and public sources to deliver an easy-to-use graphical resource center that provides an understanding of economic trends in the jobs market. Bright Labs is not just a new way to interpret the job market; it’s a first of its kind interactive platform that surfaces the effects of the labor market on the entire economy.
Bright Labs uses data science to uncover new insights in labor market
We live in an age of information overload: the Bureau of Labor Statistics job report captivates us monthly; local real estate and construction fluctuate daily; there are millions of job openings listed online in any given hour; every minute social networks are abuzz with jobs-related messages; and the stock market ticks up or down with each passing second. Data relevant to the job market is omnipresent and constantly changing, but it’s nearly impossible to make any sense of it.
Bright Labs takes a thorough, up-to-date inventory of labor market data and distills it into a clear, informative, and interactive resource. From insights into hyper-local hiring and the fastest growing industries to which companies are the most likely to employ Fantasy Football enthusiasts, Bright Labs presents current employment data and forward-looking trends in an accessible and interesting way.
Great, but what is Bright Labs?
Bright Labs is a bi-weekly updated set of interactive tools, infographics, and analyses on the current employment landscape. Bright’s team of data scientists utilizes data from social networks, stock prices and volumes, real estate and construction, the Bureau of Labor and Statistics and a variety of other sources to create a holistic assessment of the employment market and to reveal trends and scientific findings.
One of the cornerstones of Bright Labs is the Bright Employment Index, which tracks the overall job market and provides a monthly snapshot of fluctuations within any given industry. The Bright Employment Index will provide a prediction for the monthly jobs report a week prior to the official release from the Bureau of Labor Statistics.
Bright Labs is comprised of five sections:
- The Lighter Side: Jobs trends through the lens of pop culture and current events
- The Bright Side: Positive trends within the slowly recovering or otherwise bleak market
- Bright Analyses: Intense scientific analysis of the employment landscape
- Bright Workbench: Interactive section allows users to mash up the raw data behind Bright Labs to create custom graphs, charts, and reports
- Publications: A growing library of content including white papers, academic publications and the Bright blog
Jobs and the Elections
As we approach the November elections, jobs remain at the top of the political debate. Bright Labs will provide up-to-date insight into employment and job search-related topics in relation to the presidential race. Analyses include the correlation between email address domain and political affiliation to the viability of candidate promises made on the campaign trail.
Over the past 18 months, Bright.com’s machine-learning algorithm, The Bright Score, has processed over 15 million job descriptions and more than two million resumes, all of which gives the site one of the most insightful and up-to-date perspectives on the jobs landscape. Bright.com has generated more than 20 million Bright Scores, used by job candidates to assess whether or not a job opening is the right fit and by talent recruiters and HR professionals to efficiently evaluate thousands of job applicants and find the most qualified candidates.
Finding the right job should be easier than splitting an atom. Steeped in data science, Bright.com eliminates the noise in the hiring process by efficiently connecting job seekers to their best opportunities, and employers to their top prospects. Bright’s machine-learning algorithm, the Bright Score, examines thousands of data points to find the best fit between job seekers and job openings. Bright reduces time to hire - a welcome relief to both job seekers and employers. The recently launched Bright Labs is an analytics and data resource center for those looking on the latest macro and micro employment trends across the U.S. For more information, please visit http://www.bright.com/ and follow us on Twitter @brightjobs.