Negaunee, MI's Data
About Negaunee, MI's
Negaunee is a small city located in Marquette County in the Upper Peninsula of Michigan. Founded in 1844, it is steeped in mining history, primarily iron ore, which significantly contributed to its development. The name 'Negaunee' comes from a Native American word meaning 'pioneer.' Situated west of Marquette, the largest city in the Upper Peninsula, Negaunee is part of a region known for its rich natural resources and rugged landscape.
Things To Do in Negaunee, MI
Hike: Here are a couple of local trails to check out!
Local Attractions in Negaunee, MI
Iron Industry Museum - Chronicles the history of iron mining in Michigan.
Negaunee Historical Museum - Offers insights into the local history and culture.
Old Town Negaunee - Features historical remnants of the original town site, which was abandoned due to mining subsidence.
Teal Lake - Popular spot for fishing, boating, and scenic views.
Jackson Mine Park - Historical site of the first iron mine in the region, offering walking trails and educational displays.
The Economy of Negaunee, MI
The economy of Negaunee historically revolved around iron mining, which was pivotal in shaping the local economy and community. Although the mining industry has declined, the city has transitioned into a more diversified economy with a focus on small businesses, healthcare, and tourism. The preservation of its historical sites and promotion of outdoor recreational activities also contribute to the local economy.
Negaunee, MI Inflation
Understanding the BLS and Inflation in Negaunee, MI
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Negaunee, 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 Negaunee, 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 Negaunee, 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 Negaunee, 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 Negaunee, MI
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