Kingsford, MI's Data
About Kingsford, MI's
Kingsford is a city located in Dickinson County in the Upper Peninsula of Michigan, United States. It was originally developed in the 1920s by the Ford Motor Company as a company town, with the purpose of housing workers and supporting lumber operations for automobile manufacturing. The city is named after Edward G. Kingsford, a local industrialist who helped Henry Ford locate the timber resources in the area. Kingsford is known for its historical ties to the early automotive industry and its rich natural surroundings.
Things To Do in Kingsford, MI
Hike: Here are a couple of local trails to check out!
Local Attractions in Kingsford, MI
Piers Gorge Trail - A scenic hiking area known for its rapids and natural beauty.
Menominee Range Historical Museum - Offers exhibits on the local history, including the iron mining industry and the impact of the Ford Motor Company.
Iron Mountain Iron Mine - An educational tour through a historic iron mine nearby.
Pine Mountain Ski Jump - One of the highest artificially created ski jumps in the world, located close to Kingsford.
Fumee Lake Natural Area - Offers trails and natural landscapes for hiking, biking, and wildlife observation.
The Economy of Kingsford, MI
The economy of Kingsford, once heavily reliant on the lumber and automotive industries due to its origins as a Ford Motor Company town, has diversified over the years. Today, it includes manufacturing, healthcare, and education as key sectors. The presence of schools and healthcare facilities contributes to local employment and economic stability. The city's proximity to natural resources continues to support a small but significant timber and paper production sector.
Kingsford, MI Inflation
Understanding the BLS and Inflation in Kingsford, MI
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Kingsford, 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 Kingsford, 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 Kingsford, 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 Kingsford, 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 Kingsford, MI
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