Paxton, IL's Data
About Paxton, IL's
Paxton is a charming city located in Ford County, Illinois. It serves as the county seat and is notable for its rich history and small-town charm. Established in the 19th century, Paxton has grown from a humble agricultural community to a small but vibrant hub in Central Illinois. The city's layout and architecture reflect its historical development, with a classic downtown area that features various period buildings.
Things To Do in Paxton, IL
Hike: Here are a couple of local trails to check out!
Local Attractions in Paxton, IL
Ford County Courthouse - A historic building serving as the county seat and a key landmark in Paxton.
PBL High School - Known for its educational programs and community involvement.
Paxton Carnegie Library - An early 20th-century library offering a range of books and learning resources.
The Swine 'N Dine BBQ Festival - An annual event that celebrates local cuisine and community spirit.
Clara Peterson Elementary School - Noted for its innovative educational approaches and community engagement.
The Economy of Paxton, IL
The economy of Paxton is primarily driven by agriculture, small businesses, and local services. The surrounding farmlands contribute significantly to both the local and regional economy through the production of corn, soybeans, and other crops. Additionally, Paxton has a variety of local businesses that cater to the needs of its residents, including retail shops, restaurants, and service providers. The city also benefits from its proximity to larger markets such as Champaign-Urbana, enhancing employment and business opportunities for residents.
Paxton, IL Inflation
Understanding the BLS and Inflation in Paxton, IL
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Paxton, 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 Paxton, 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 Paxton, 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 Paxton, 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 Paxton, IL
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