Table 7.

Monthly and annual regressions.

Source: Own elaboration

Dep. Var.	(1)	(2)	(3)	(4)	(5)	(6)
	Monthly			Annual
	Posivity	Negativity	Valence	Posivity	Negativity	Valence
Unemployment	0.147***	− 0.092***	0.483***	0.166**	− 0.102**	0.485**
	(0.027)	(0.018)	(0.076)	(0.072)	(0.049)	(0.219)
Constant	0.182***	0.067***	0.673***	1.738***	− 0.875***	7.187***
	(0.002)	(0.001)	(0.005)	(0.125)	(0.085)	(0.378)
Trend	Yes	Yes	Yes	Yes	Yes	Yes
Observations	737	737	737	62	62	62
$R^2$	0.582	0.544	0.770	0.734	0.686	0.839

*Statistical significance level at 10%

**Statistical significance level at 5%

***Statistical significance at 1%