Ishpeming, MI's Data
About Ishpeming, MI's
Ishpeming, located in Marquette County in Michigan's Upper Peninsula, is a city steeped in mining history. Founded in 1873, its name is derived from the Ojibwa word for 'high place' or 'heaven', indicative of the area's elevated terrain and its historical significance in iron ore mining. Ishpeming's development was closely tied to the iron mining industry, which played a pivotal role in shaping the local culture and economy.
Things To Do in Ishpeming, MI
Hike: Here are a couple of local trails to check out!
Local Attractions in Ishpeming, MI
U.S. National Ski and Snowboard Hall of Fame - Museum celebrating ski and snowboard legends.
Cliffs Shaft Mine Museum - Offers a glimpse into the city's mining history with tours and exhibits.
Old Ish - A historical landmark that symbolizes the city's rich mining heritage.
Ishpeming Carnegie Public Library - A historic building providing cultural and educational resources.
Partridge Creek Farm - An urban farm that promotes sustainable agriculture and community involvement.
The Economy of Ishpeming, MI
The economy of Ishpeming has traditionally been anchored by the mining industry, particularly iron ore extraction, which was the backbone of the region's economic activity for many decades. Although mining has declined, the city has diversified its economic base in recent years, focusing on healthcare, retail, and tourism. The presence of the U.S. Ski and Snowboard Hall of Fame also contributes to its economic landscape by attracting visitors.
Ishpeming, MI Inflation
Understanding the BLS and Inflation in Ishpeming, MI
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Ishpeming, MI. 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 Ishpeming, MI understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Ishpeming, MI 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 Ishpeming, MI 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 Ishpeming, MI
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