Hibbing, MN's Data
About Hibbing, MN's
Hibbing is a city located in Saint Louis County in the state of Minnesota, known primarily for its rich mining history. Founded in the early 20th century, Hibbing was originally built on the iron ore of the Mesabi Iron Range, leading to its nickname 'The Iron Capital of the World.' The city was moved between 1919 and 1921 to make way for the expanding Hull-Rust-Mahoning Mine, one of the largest open-pit iron mines in the world. Hibbing's historical significance is also marked by its contribution to the early career of Bob Dylan, who spent part of his childhood here.
Things To Do in Hibbing, MN
Hike: Here are a couple of local trails to check out!
Local Attractions in Hibbing, MN
Hull-Rust-Mahoning Mine View - Offers a panoramic view of one of the largest open-pit mines globally.
Bob Dylan's Childhood Home - The historic home where the iconic musician spent part of his youth.
Hibbing High School - Noted for its architectural elegance and historical significance in education.
Greyhound Bus Museum - Chronicles the history of the Greyhound bus line, which originated in Hibbing.
Hibbing Raceway - A popular local venue for stock car racing, providing entertainment for motorsport enthusiasts.
The Economy of Hibbing, MN
Hibbing's economy historically revolved around the iron mining industry, which has seen a decline over the past decades. However, the city has diversified its economic base in recent years, including healthcare, retail, and education. The presence of the Hibbing Community College provides a boost to the local economy through education and training services. Additionally, the city benefits from tourism related to its mining history and the Bob Dylan legacy.
Hibbing, MN Inflation
Understanding the BLS and Inflation in Hibbing, MN
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Hibbing, MN. 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 Hibbing, MN understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Hibbing, MN 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 Hibbing, MN 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 Hibbing, MN
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