Livonia, MI's Data
About Livonia, MI's
Livonia, located in the northwest part of Wayne County in Michigan, is a city known for its rich history and strategic geographical position. Initially settled by pioneers in the 1820s, Livonia was incorporated as a city in 1950. It is situated between Detroit and Ann Arbor, providing a suburban retreat with close proximity to major urban centers. The city's development was significantly shaped by the post-World War II boom, leading to rapid suburban growth.
Things To Do in Livonia, MI
Hike: Here are a couple of local trails to check out!
Local Attractions in Livonia, MI
Greenmead Historical Park - A living history museum capturing the essence of Michigan's past.
Laurel Park Place - A shopping center with a variety of stores and a cinema.
Rotary Park - Offers recreational facilities including sports fields and walking trails.
Livonia Recreation Center - A facility providing fitness and aquatic centers.
Wilson Barn - Historic barn that hosts community events and seasonal activities.
The Economy of Livonia, MI
Livonia's economy is diverse, with a strong presence in the automotive, manufacturing, and health care sectors. Major companies, such as Ford Motor Company and TRW Automotive, are significant employers in the area. The city also benefits from its retail sectors and service industries, which include several shopping centers and a robust educational system supported by the Livonia Public Schools.
Livonia, MI Inflation
Understanding the BLS and Inflation in Livonia, MI
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Livonia, 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 Livonia, 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 Livonia, 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 Livonia, 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 Livonia, MI
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