Laurium, MI's Data
About Laurium, MI's
Laurium is a village located in Houghton County in the Upper Peninsula of Michigan, United States. Historically, Laurium was a significant site during the copper mining boom in the late 19th and early 20th centuries, contributing to the region's economic development. The village was incorporated in 1895 and was named after the ancient city of Laurium in Greece, which was known for its silver mines. Today, Laurium is recognized for its well-preserved architectural heritage from its prosperous mining era.
Things To Do in Laurium, MI
Hike: Here are a couple of local trails to check out!
Local Attractions in Laurium, MI
Laurium Manor Inn - A beautifully restored mansion offering a glimpse into the area's historic wealth and architecture.
George Gipp Recreation Area - A park named after the famous football player George Gipp, providing sports facilities and outdoor activities.
Keweenaw National Historical Park - Nearby park that celebrates the region's copper mining history with educational programs and exhibits.
Italian Hall Site - Historical site commemorating the 1913 Italian Hall disaster, important in labor history.
Calumet Theatre - A historic theater offering a range of performances and cultural events, reflecting the region's rich cultural heritage.
The Economy of Laurium, MI
The economy of Laurium has transitioned from its historic roots in copper mining to more diverse sectors including healthcare, education, and local business. The presence of small businesses, coupled with tourism related to its historical sites and outdoor activities, supports the local economy. The village's proximity to Michigan Technological University also contributes to its economic landscape through educational and technological advancements.
Laurium, MI Inflation
Understanding the BLS and Inflation in Laurium, MI
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Laurium, 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 Laurium, 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 Laurium, 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 Laurium, 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 Laurium, MI
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