Gooding, ID's Data
About Gooding, ID's
Gooding is a city located in the southern part of Idaho, serving as the county seat of Gooding County. Founded in 1907 and named after Frank R. Gooding, a local sheep rancher who later became a governor and U.S. Senator, Gooding has a rich agricultural history. The city is situated in a scenic area with the nearby Snake River providing a vital water source for the surrounding agricultural lands. Gooding is known for its small-town charm and close-knit community.
Things To Do in Gooding, ID
Hike: Here are a couple of local trails to check out!
Local Attractions in Gooding, ID
Gooding County Historical Museum - Offers exhibits on the local history and heritage of Gooding and the surrounding area.
Malad Gorge State Park - A nearby state park featuring dramatic canyons, hiking trails, and the scenic Malad River.
City of Rocks National Reserve - Known for its spectacular rock formations and popular with climbers and hikers.
Thousand Springs State Park - A collection of natural springs offering beautiful vistas and outdoor recreation.
Gooding City Park - A community park with facilities for picnics, sports, and family gatherings.
The Economy of Gooding, ID
The economy of Gooding is predominantly based on agriculture, including the cultivation of crops and livestock farming. The city benefits from its location in a fertile agricultural area, which supports dairy farming, crop production, and food processing industries. In recent years, there has been a growth in local businesses and retail sectors, contributing to the economic diversification of the city. Gooding also serves as a regional hub for surrounding rural areas, providing essential services and employment opportunities.
Gooding, ID Inflation
Understanding the BLS and Inflation in Gooding, ID
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Gooding, ID. 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 Gooding, ID understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Gooding, ID 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 Gooding, ID 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 Gooding, ID
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