“The changes in the search volume of a given sector on google.com may provide useful economic insight,” Google says. “We have created 23 indexes that track the major economic sectors, such as retail, auto and unemployment. Each index value is baselined at 1.0 on January 1, 2004 and is calculated and displayed on the Google Finance charts as a 7-day moving average. You can easily compare actual stocks and market indexes to these Google Trends on the charts.”

The trends the feature tracks include:

- Advertising and Marketing
- Air Travel
- Auto Buyers
- Auto Financing
- Automotive
- Banking and Personal Finance
- Business
- Computers and Electronics
- Construction
- Credit and Lending
- Durable Goods
- Finance and Insurance
- Furniture
- Industries
- Investments
- Jobs
- Luxury Goods
- Mortgage
- Real Estate
- Rental
- Retail Trade
- Travel
- Unemployment

Google shares an example of the Luxuries Index, which tracks queries like [jewelry], [rings], [diamond], [ring], [jewelers], [tiffany], etc.

Data from the indexes are available for download, letting users utilize it in their own models. More information about the indexes can be found here. The Domestic Trends feature comes as the result of research from Google’s Chief Economist Hal Varian, who explains his methodology here.

“Many states are failing to support President Obama’s vow that the Recovery Act will be carried out with an unprecedented level of transparency and accountability,” said Good Jobs First executive director Greg LeRoy.

“By failing to use broadly available web tools, they are making it more difficult to measure the success of ARRA in mitigating the effects of the recession.”

The report evaluated the general ARRA websites that all states have created and graded them on transparency on a scale of 0 to 100.

Six states score 50 or better for their main ARRA site: Maryland (80), Colorado (68), Washington (63), West Virginia (60), New York (53) and Pennsylvania (50). Thirteen states score 50 or better for their highway reporting, led by Maryland (75), Washington (73), Colorado (65) and Nebraska (60). The average score for the ARRA websites is 28.

Five states that scored very low on providing specifics on how ARRA money is used include Alabama, the District of Columbia, Illinois, Kentucky and Vermont. Illinois received a zero and only provided nation figures on its website and nothing on how much is being spent in the state.

“Given the Recovery Act’s high profile, we expected better results, but most state ARRA sites simply do not measure up,” said Philip Mattera, research director of Good Jobs First and principal author of the report.

“The challenge is not insurmountable,” he added. “States such as Maryland, Colorado and Washington are doing a very good job in conveying vital information about stimulus spending and are leading the way in establishing best practices for state ARRA disclosure.”

source: http://www.webpronews.com/topnews/2009/07/30/state-websites-failing-to-provide-details-on-stimulus