Comments Off
Wolfram|Alpha launched with an extensive database of United States economic data, derived from the Federal Reserve Bank’s FRED database. Over the past year, we’ve continued to improve our handling of this data in a variety of ways—teaching Wolfram|Alpha to return more related statistics along with any specific result, improving our linguistic abilities so we can answer more complex questions, and increasing the frequency with which we update this data. Wolfram|Alpha is now refreshing its collection of FRED-derived data on a daily basis, so you can always access the latest available data on the national economy.
We’ve also begun to expand our coverage of economic data for smaller geographic areas in the United States, starting with state-level statistics. This means Wolfram|Alpha users can now query for the latest available information on a variety of economic topics, including gross state product, unemployment, health insurance coverage, and housing-related data.
As always, one of the strengths of Wolfram|Alpha is that it allows you to compare and analyze different pieces of data—and with this data set, you can quickly uncover strong correlations between various economic properties. It’s easy to see that the house price index tends to move together with employment and state tax collections. You can also use Wolfram|Alpha to run simple calculations of productivity in U.S. states, or to find out a given state’s share of the national economy or workforce.
To make it even easier to explore this data, you can also use the new Wolfram|Alpha Widget Builder to create simple tools for analyzing and comparing the economic properties of states. To get you started, here’s a small selection of widgets focused on US state economies—ranging from the serious to the slightly silly. Try them out:
Feel free to customize and share these on Twitter or Facebook, in your blog, or anywhere else—and let us know in the comments if you create any useful new widgets of your own.