Greenwood, AR's Data
About Greenwood, AR's
Greenwood is a charming city located in Sebastian County, Arkansas. Established in 1851, Greenwood has a rich history that includes its role as a key site during the Civil War. The city serves as one of the two county seats of Sebastian County, sharing this role with Fort Smith. Greenwood is known for its resilient community spirit, particularly following the rebuilding after being nearly destroyed during the Civil War.
Things To Do in Greenwood, AR
Hike: Here are a couple of local trails to check out!
Local Attractions in Greenwood, AR
Bell Park - A scenic park offering expansive views, hiking trails, and a disc golf course
Greenwood Veterans Monument - A tribute to veterans, featuring a walking trail and memorial plaques
Shadow Lake - Popular for fishing and picnicking, providing a peaceful retreat within the city
Old Jail Museum - A historical site that offers insights into the city's past through exhibits and artifacts
Greenwood Community Center - A hub for local events and activities, including sports, meetings, and family gatherings
The Economy of Greenwood, AR
The economy of Greenwood is diverse, with a mix of local businesses, retail, and services playing pivotal roles. The city benefits from its proximity to Fort Smith, the second-largest city in Arkansas, which provides additional employment opportunities for residents. Greenwood's economy is also supported by various small businesses and the educational sector, including the presence of Greenwood School District, which is one of the top school districts in the state.
Greenwood, AR Inflation
Understanding the BLS and Inflation in Greenwood, AR
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Greenwood, AR. 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 Greenwood, AR understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Greenwood, AR 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 Greenwood, AR 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 Greenwood, AR
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