Goodwater, AL's Data
About Goodwater, AL's
Goodwater, Alabama, is a small city located in Coosa County. Established in the 19th century, the city played a role in the regional railroad expansion, which significantly contributed to its development. Situated in the east-central part of Alabama, Goodwater is known for its historical significance in the local railroad industry and its proximity to larger cities and natural reserves.
Things To Do in Goodwater, AL
Hike: Here are a couple of local trails to check out!
Local Attractions in Goodwater, AL
Central Alabama Railroad Museum - Showcases the rich history of railroading in the region.
Goodwater City Park - Offers recreational facilities and community events.
Hatchet Creek - Popular for canoeing and fishing, providing natural beauty and outdoor activities.
Coosa County Historical Society - A place to explore the heritage and history of Goodwater and the surrounding area.
Downtown Goodwater - Features local dining and shopping options, reflecting the small-town charm of the city.
The Economy of Goodwater, AL
The economy of Goodwater has historically been anchored by the railroad industry, though in recent decades it has diversified. Presently, local businesses, agriculture, and service industries form the backbone of the economic landscape. The proximity to larger markets like Birmingham and Montgomery also influences the local economy, providing employment opportunities for residents and fostering a commuter workforce.
Goodwater, AL Inflation
Understanding the BLS and Inflation in Goodwater, AL
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Goodwater, AL. One of its key responsibilities is tracking inflation through the Consumer Price Index (CPI), which measures how the cost of everyday goods and services changes over time. Inflation can impact everything from housing prices to the cost of groceries, gas, and utilities across the area. By tracking inflation, the BLS helps people from Goodwater, AL understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Goodwater, AL using the CPI, highlighting how prices have changed over time. The x-axis represents time (months and years), while the y-axis represents price levels. If the graph moves upward, it means the cost of living is rising, which can affect everything from rent to gas prices. A flatter or downward trend suggests that inflation is stabilizing or decreasing. Keeping an eye on inflation is important for people from Goodwater, AL when budgeting for housing, wages, and daily expenses. You can hover over the graph to see exact values for each month and check the "Most Recently Updated" label to ensure you’re viewing the latest available data.
Company Recall Data in Goodwater, AL
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