Patent ID: 8346586

Claim:
A processor-implemented method of an estimating employment level comprising: receiving at a processor, a first set of payroll data that includes at least one payroll record associated with at least one entity; determining, at the processor, a format associated with the at least one payroll record of the first plurality of payroll data; normalizing, at the processor, the format associated with the at least one payroll record of the first plurality of payroll data to conform to a format associated with a second set of payroll data; calculating, at the processor, a regression coefficient associated with the normalized first set of payroll data, wherein the regression coefficient comprises a value indicative of a difference in growth rates between the first set of payroll data and the second set of payroll data, and is based, at least in part, on a number of unemployment claims filed during a predetermined period associated with the first set of payroll data; and estimating, at the processor, an employment level based on the first set of normalized payroll data and the regression coefficient.