Parsippany, NJ's Data
About Parsippany, NJ's
Parsippany, officially known as Parsippany-Troy Hills Township, is located in Morris County, New Jersey. It is one of the most populous municipalities in the county and has been recognized by Money magazine as one of the Best Places to Live in the United States. The area, rich in historical context, was originally settled by the Lenape Native Americans and later by Dutch settlers in the 17th century. Its name is derived from the Lenape word 'parsipanong,' which means 'the place where the river winds through the valley'.
City: Parsippany
State: New Jersey
Country: United States
Population: 53,238
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 Parsippany, NJ
Hike: Here are a couple of local trails to check out!
Local Attractions in Parsippany, NJ
Stickley Museum at Craftsman Farms - This historic early 20th-century estate showcases the Arts and Crafts movement.
Knoll Country Club - A premier golf destination offering lush greens and facilities for various events.
Parsippany Main Library - Not just a library, but a community hub with extensive resources and programs.
Veterans Memorial Park - A serene park dedicated to veterans, featuring memorials and ample recreational space.
Lake Parsippany - Offers recreational activities like boating and fishing, enhancing local community life.
The Economy of Parsippany, NJ
Parsippany boasts a diverse economy with a strong presence of pharmaceutical and technology companies. Major corporations such as Allergan, Teva Pharmaceuticals, and PNY Technologies have their headquarters or significant operations in the township. This concentration of high-tech and pharmaceutical businesses has spurred economic growth and provided a wealth of employment opportunities for residents.
Parsippany, NJ Inflation
Understanding the BLS and Inflation in Parsippany, NJ
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Parsippany, 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 Parsippany, 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 Parsippany, 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 Parsippany, 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 Parsippany, NJ
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