Flatwoods, KY's Data
About Flatwoods, KY's
Flatwoods, Kentucky, is a distinct home rule-class city located in Greenup County. Known for its peaceful residential character, Flatwoods serves as a suburb to the nearby city of Ashland. It was incorporated in 1938 and has developed a strong community atmosphere. The city is part of the Huntington-Ashland metropolitan area, which enhances its connectivity and regional importance. Flatwoods is often recognized for its excellent school systems and family-friendly environment.
Things To Do in Flatwoods, KY
Hike: Here are a couple of local trails to check out!
Local Attractions in Flatwoods, KY
Flatwoods City Park - A popular spot for family outings featuring playgrounds, picnic areas, and sports facilities.
Russell Railroad Depot - Historical site that displays the rich railway heritage of the region.
Greenbo Lake State Resort Park - A short drive away, offering outdoor activities like fishing, boating, and hiking.
Paramount Arts Center - Nearby in Ashland, providing cultural events and performances.
Central Park - Located in Ashland, this park is great for recreational activities and hosts various community events.
The Economy of Flatwoods, KY
The economy of Flatwoods is primarily driven by local businesses, retail sectors, and educational services. As a bedroom community of Ashland, many residents commute to nearby cities for work, contributing to a diverse economic interaction with the surrounding areas. The city benefits from its proximity to larger economic hubs, which supports local employment and business opportunities. Additionally, Flatwoods' economy is supported by various small businesses that cater to the daily needs of its residents.
Flatwoods, KY Inflation
Understanding the BLS and Inflation in Flatwoods, KY
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Flatwoods, KY. 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 Flatwoods, KY understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Flatwoods, KY 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 Flatwoods, KY 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 Flatwoods, KY
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