Macroeconomics of the United States

Building a comparative tool for understanding state-level economic metrics.

Published May 8, 2024 ET

Macroeconomics of the United States

This may end up being a very big collection of work and research. Yesterday, on the drive back from Portland, Maine, we started reading about it on Wikipedia.

Going through the facts, I started to realize that having a chart/comparative tool for all of these metrics would be very helpful:

Maine facts:

  • Largest state in New England by total area
  • 12th-smallest by area
  • 9th-least populous
  • 13th-least densely populated
  • Most rural state
  • Population: 1.4M
  • Total area: 35.4k square miles (4.5k is water)
  • Median household income: 56k USD/year

These are somewhat interesting facts. It reveals something that the largest state in New England is the 12th-smallest state in the country (New England has all the smallest states).

Questions to Explore

  • How many people in the population are employed?
  • What do they do?
  • How many people work for companies versus are self-employed?
  • Of the working population, how many work remotely?

The idea is to get a picture of how each state functions. What kind of people live there, how much do they make, what do they do? To have a good concept of that for every state is extremely valuable for perspective.

Data Sources

I had ChatGPT together the beginning of a script to fetch this data using:

  • BLS API for employment data
  • Census API for demographics

Hosting Ideas

  • Heroku no longer has a free plan
  • Render (https://render.com/pricing) has a free tier
  • Can cache data results as a JSON file and periodically update

I'm putting a pin in this for now. Will pick back up later.