Traverse City, MI's Data
About Traverse City, MI's
Traverse City, situated in Northern Michigan, is known for its vibrant cherry industry, earning it the title of 'Cherry Capital of the World'. Founded in 1852, the city has a rich history influenced by its location on the shores of Grand Traverse Bay. It is a hub for tourism, agriculture, and commerce in the region, drawing visitors with its picturesque landscapes and waterfront.
City: Traverse City
State: Michigan
Country: United States
Population: 15738
Number of Ongoing Class I Recalls: 0
Number of Ongoing Class II Recalls: 0
Number of Ongoing Class III Recalls: 0
Company With Most Recalls: No Recalls
Things To Do in Traverse City, MI
Hike: Here are a couple of local trails to check out!
Local Attractions in Traverse City, MI
National Cherry Festival - A vibrant annual event celebrating Traverse City's cherry harvest with parades, fireworks, and tastings.
Front Street - Known for its unique shops, boutiques, and restaurants, offering a taste of local culture and cuisine.
The State Theatre - A historic theater restored and operated by volunteers, hosting a variety of films and events.
Traverse City State Park - A popular spot for camping, swimming, and picnicking along the sandy shores of Grand Traverse Bay.
Mission Peninsula Wine Trail - Offers scenic views and tastings at multiple vineyards, showcasing the region's thriving wine industry.
The Economy of Traverse City, MI
The economy of Traverse City is primarily driven by tourism, agriculture, and manufacturing. It is famous for its annual National Cherry Festival, which significantly boosts the local economy each summer. The city's economy also benefits from its growing wine industry, with several vineyards and wineries in the area. Additionally, Traverse City's healthcare sector and retail services play vital roles in its economic landscape.
Traverse City, MI Inflation
Understanding the BLS and Inflation in Traverse City, MI
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Traverse City, 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 Traverse City, 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 Traverse City, 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 Traverse City, 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 Traverse city, MI
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