Norwood, NJ's Data
About Norwood, NJ's
Norwood is a borough located in Bergen County, New Jersey, United States. Established in 1905, Norwood is part of the New York metropolitan area. The borough is characterized by its suburban charm and rich historical background, including its development from a rural community to a more residential suburb. Its proximity to New York City has influenced its growth and demographic composition, making it a desirable location for commuters.
City: Norwood
State: New Jersey
Country: United States
Population: 5,890
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 Norwood, NJ
Hike: Here are a couple of local trails to check out!
Local Attractions in Norwood, NJ
Lost Brook Preserve - A natural area with trails for hiking and an opportunity to enjoy local wildlife.
Kennedy Field - A popular local park offering sports fields, playgrounds, and picnic areas.
Norwood Public Library - A key resource for the community with a variety of educational programs.
Closter Nature Center - Nearby nature center providing educational programs and nature experiences.
Rockleigh Golf Course - A nearby 27-hole golf course offering a challenging layout for golf enthusiasts.
The Economy of Norwood, NJ
The economy of Norwood, NJ, is predominantly based on local businesses, retail, and services that cater to the residential community and surrounding areas. The proximity to major urban centers like New York City also provides residents with ample employment opportunities in various sectors including finance, technology, and entertainment. The borough's economy benefits from a well-educated workforce and the presence of small to medium-sized enterprises.
Norwood, NJ Inflation
Understanding the BLS and Inflation in Norwood, NJ
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Norwood, NJ. 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 Norwood, NJ understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Norwood, NJ 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 Norwood, NJ 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 Norwood, NJ
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