Oakwood, IL's Data
About Oakwood, IL's
Oakwood is a small village located in Vermilion County, Illinois, United States. Established in the mid-19th century, Oakwood is known for its rich history and close-knit community. It is situated in the eastern part of the state, offering a blend of rural charm and accessibility to larger metropolitan areas. The village's development was significantly influenced by its proximity to major transportation routes and the agricultural richness of the surrounding area.
Things To Do in Oakwood, IL
Hike: Here are a couple of local trails to check out!
Local Attractions in Oakwood, IL
Kickapoo State Park - Offers outdoor activities like fishing, hiking, and camping in a scenic natural environment.
Kennekuk County Park - A large park featuring historical buildings, nature trails, and diverse wildlife.
Sleepy Creek Vineyards - A local winery known for its wine tastings and serene landscape.
Heritage Corner - Historic area in downtown Oakwood showcasing the village's rich past and culture.
Oakwood Public Library - Serves as a community hub with resources and programs for education and recreation.
The Economy of Oakwood, IL
The economy of Oakwood is primarily based on agriculture, small businesses, and local services. The fertile lands surrounding the village support various agricultural activities, which remain the backbone of its economic structure. In recent years, there has been a slight diversification with the growth of retail and service sectors catering to the local population and visitors. Employment opportunities in nearby cities also contribute to the village's economy.
Oakwood, IL Inflation
Understanding the BLS and Inflation in Oakwood, IL
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Oakwood, 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 Oakwood, 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 Oakwood, 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 Oakwood, 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 Oakwood, IL
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