Greenwood, DE's Data
About Greenwood, DE's
Greenwood is a small town located in Sussex County, Delaware, United States. Established in 1858, it sits at the crossroads of Delaware Routes 16 and 36, making it a historically significant hub for local commerce and transportation. The town's development was significantly influenced by the arrival of the Delaware Railroad in the 19th century, which spurred economic growth and population expansion.
Things To Do in Greenwood, DE
Hike: Here are a couple of local trails to check out!
Local Attractions in Greenwood, DE
Greenwood Mennonite School Historical Library - A library that offers insights into the local Mennonite community and its history.
Woodbridge High School - Notable for its educational influence in the region and its community events.
Nanticoke Wildlife Area - A nearby natural reserve offering opportunities for wildlife observation, hiking, and outdoor recreation.
Greenwood VFW Flea Market - A popular local flea market where visitors can explore a variety of goods and local crafts.
Heritage Shores Club - A nearby golf course known for its beautiful layout and facilities, attracting both locals and visitors.
The Economy of Greenwood, DE
The economy of Greenwood, Delaware, is primarily driven by local businesses and agriculture, reflecting its rural setting in Sussex County. The town benefits from its proximity to larger markets such as Dover and the broader Delmarva Peninsula. Small businesses in the area often cater to the needs of local residents and the surrounding agricultural community, with farming being a significant contributor to the local economy.
Greenwood, DE Inflation
Understanding the BLS and Inflation in Greenwood, DE
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Greenwood, DE. 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, DE 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, DE 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, DE 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, DE
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