Elwood, IL's Data
About Elwood, IL's
Elwood is a village located in Will County, Illinois. It was incorporated in 1854 and has a rich history tied to the development of the Illinois and Michigan Canal and later the railroads. Situated near Joliet, Elwood is part of the Chicago metropolitan area, offering a blend of suburban living with access to urban amenities. The village has a historical significance due to its proximity to the Abraham Lincoln National Cemetery, the largest national cemetery in the Chicago area.
Things To Do in Elwood, IL
Hike: Here are a couple of local trails to check out!
Local Attractions in Elwood, IL
Midewin National Tallgrass Prairie - A restored prairie offering hiking, birdwatching, and educational programs.
Abraham Lincoln National Cemetery - A solemn and historic site dedicated to military veterans.
Route 66 Raceway - A hub for motorsports enthusiasts featuring drag racing and other auto events.
Joliet Area Historical Museum - A museum showcasing the rich history of the nearby city of Joliet and its surroundings.
Pilcher Park Nature Center - Offers nature trails, wildlife viewing, and environmental education close to Elwood.
The Economy of Elwood, IL
Elwood's economy has evolved significantly over the years, transitioning from an agricultural base to a more diversified economy. Today, it is home to the CenterPoint Intermodal Center, one of the largest inland ports in the United States. This intermodal facility significantly boosts the local economy by attracting logistics and distribution centers. The presence of numerous warehouses and transportation companies provides employment opportunities and serves as a major economic driver for the village.
Elwood, IL Inflation
Understanding the BLS and Inflation in Elwood, IL
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Elwood, IL. 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 Elwood, IL understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Elwood, IL 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 Elwood, IL 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 Elwood, IL
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