Pontiac, MI's Data
About Pontiac, MI's
Pontiac, located in the southeastern part of Michigan, is a historically significant city within Oakland County. Named after the famous Ottawa chief, Pontiac, it was established in 1818 and has played a pivotal role in the development of the automotive industry in the United States. The city served as the headquarters for General Motors' Pontiac division, which was a major influence on its growth and economic landscape. Pontiac is also recognized for its vibrant cultural scene and diverse population.
Things To Do in Pontiac, MI
Hike: Here are a couple of local trails to check out!
Local Attractions in Pontiac, MI
Pontiac Silverdome - Former home of the Detroit Lions, known for hosting large-scale events and concerts.
Downtown Pontiac - Offers a variety of dining, entertainment, and shopping options, emphasizing local businesses.
Oakland County Pioneer and Historical Society - A museum dedicated to preserving the history of Oakland County.
Indian Hill - A large outdoor area providing recreational activities and scenic views.
The Crofoot - A historic venue hosting concerts and events, contributing to the local music and arts scene.
The Economy of Pontiac, MI
The economy of Pontiac has undergone significant transformation, particularly with the decline of the automotive industry, which was once the backbone of the city. Recent efforts have focused on economic diversification and revitalization. The city has seen growth in the healthcare sector, with St. Joseph Mercy Oakland Hospital being a key employer. Additionally, the emerging technology and service industries have begun to take root, offering new opportunities for economic development.
Pontiac, MI Inflation
Understanding the BLS and Inflation in Pontiac, MI
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Pontiac, 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 Pontiac, 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 Pontiac, 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 Pontiac, 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 Pontiac, MI
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