Lakeville, MN's Data
About Lakeville, MN's
Lakeville is a vibrant city located in Dakota County, Minnesota, and forms part of the Minneapolis-Saint Paul metropolitan area. Established in 1855 and incorporated as a city in 1967, Lakeville has grown from a small farming community into a thriving suburban city. Its strategic location along Interstate 35 has been instrumental in its development and accessibility, making it an attractive destination for residents and businesses alike.
Things To Do in Lakeville, MN
Hike: Here are a couple of local trails to check out!
Local Attractions in Lakeville, MN
Ritter Farm Park - Offers extensive trails, nature programs, and recreational activities.
Lakeville Area Arts Center - Hosts a variety of cultural events, classes, and performances.
Antlers Park - A popular lakeside park with a beach, volleyball courts, and picnic areas.
Pan-O-Prog - Annual summer festival featuring parades, fireworks, and a carnival.
Brackett's Crossing Country Club - A private golf club known for its championship golf course and events.
The Economy of Lakeville, MN
Lakeville's economy is diverse, with a mix of manufacturing, retail, and service industries. Major employers include the school district, several manufacturing firms, and retail giants. The city's economic landscape is bolstered by its proximity to major transportation routes, which facilitates business operations and attracts a variety of commercial investments. Lakeville also supports a growing number of local businesses and startups, contributing to its economic resilience and growth.
Lakeville, MN Inflation
Understanding the BLS and Inflation in Lakeville, MN
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Lakeville, 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 Lakeville, 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 Lakeville, 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 Lakeville, 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 Lakeville, MN
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