Franklin Park, IL's Data
About Franklin Park, IL's
Franklin Park village is a vibrant community located in Cook County, Illinois, part of the Chicago metropolitan area. Founded in the early 1890s, the village was named after Lesser Franklin, a real estate broker who played a pivotal role in its development. The community has grown substantially since its incorporation in 1892, evolving from a rural area into a bustling suburban enclave with a diverse population and rich cultural heritage.
City: Franklin Park
State: Illinois
Country: United States
Population: 18333
Number of Ongoing Class I Recalls: 0
Number of Ongoing Class II Recalls: 0
Number of Ongoing Class III Recalls: 0
Company With Most Recalls: No Recalls
Things To Do in Franklin Park, IL
Hike: Here are a couple of local trails to check out!
Local Attractions in Franklin Park, IL
Franklin Park Public Library - Offers a wealth of resources including books, digital media, and community programs.
Centre at North Park - A popular venue for sporting events, gatherings, and recreational activities.
Franklin Park Ice Arena - Provides ice skating and hockey facilities for both recreational and competitive athletes.
Mystic Waters Family Aquatic Center - A seasonal attraction featuring pools, slides, and water play areas for family fun.
Schiller Woods - Located nearby, offering extensive trails, picnic areas, and natural habitats for outdoor enthusiasts.
The Economy of Franklin Park, IL
The economy of Franklin Park village is robust and diverse, anchored by a strong industrial sector. The village is home to several large companies, particularly in manufacturing and distribution, due to its strategic location near major transportation hubs like O'Hare International Airport and several major highways. This logistical advantage has attracted a plethora of businesses that contribute significantly to the local economy, providing numerous employment opportunities to residents.
Franklin Park, IL Inflation
Understanding the BLS and Inflation in Franklin Park, IL
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Franklin Park, 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 Franklin Park, 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 Franklin Park, 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 Franklin Park, 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 Franklin park, IL
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