Rockwood, MI's Data
About Rockwood, MI's
Rockwood is a small city located in Wayne County, Michigan. Founded in the early 19th century, this community lies in the southeastern part of the state, near the shores of Lake Erie. Rockwood's development was influenced by its proximity to major transportation routes, such as the Detroit River and later, the railroad systems. The city is characterized by its quiet neighborhoods and its blend of historical and modern influences.
Things To Do in Rockwood, MI
Hike: Here are a couple of local trails to check out!
Local Attractions in Rockwood, MI
Lake Erie Metropark - A scenic park offering hiking, bird-watching, and boating on the shores of Lake Erie.
Rockwood Historical Museum - Showcases local history through artifacts and exhibits.
Detroit River International Wildlife Refuge - A nearby refuge that provides habitat for wildlife and recreational opportunities.
Rockwood Community Center - Hosts various community events and recreational programs.
Downriver Golf Course - A popular golf course providing leisure and sport activities.
The Economy of Rockwood, MI
The economy of Rockwood, Michigan, is primarily driven by local businesses and services that cater to the needs of its residents and the surrounding communities. Retail, manufacturing, and education are significant contributors to the local economy. The city's strategic location near major highways and Detroit Metropolitan Airport also facilitates business and commerce, providing employment opportunities and supporting economic growth.
Rockwood, MI Inflation
Understanding the BLS and Inflation in Rockwood, MI
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Rockwood, 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 Rockwood, 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 Rockwood, 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 Rockwood, 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 Rockwood, MI
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