Loves Park, IL's Data
About Loves Park, IL's
Loves Park is a city located in northern Illinois, nestled along the beautiful Rock River. It was founded in the early 20th century and officially incorporated in 1947. Loves Park is part of the Rockford Metropolitan Statistical Area and is known for its strong community spirit and beautiful parklands. The city's history is closely tied to the development of the region's manufacturing and aerospace industries, and it has grown steadily as a residential and industrial hub.
City: Loves Park
State: Illinois
Country: United States
Population: 23996
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 Loves Park, IL
Hike: Here are a couple of local trails to check out!
Local Attractions in Loves Park, IL
Rock Cut State Park - A large state park offering boating, fishing, hiking, and camping facilities.
Volcano Falls Adventure Park - Features mini-golf, go-karts, laser tag, and arcade games.
Carlson Ice Arena - A popular venue for ice skating and hockey.
Loves Park City Hall - Notable for its unique architecture and role in local governance.
Sinnissippi Park - A scenic park along the Rock River, ideal for picnics and outdoor concerts.
The Economy of Loves Park, IL
The economy of Loves Park is diverse, with strong influences from manufacturing, retail, and service sectors. Major economic drivers include manufacturing firms related to the aerospace industry, which benefit from the proximity to Rockford's aerospace cluster. The city also supports various small businesses and retail outlets, contributing to local employment and economic stability. Recent trends show growth in healthcare and professional services, further diversifying the economic landscape of Loves Park.
Loves Park, IL Inflation
Understanding the BLS and Inflation in Loves 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 Loves 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 Loves 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 Loves 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 Loves 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 Loves park, IL
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