Paterson, NJ's Data
About Paterson, NJ's
Paterson, New Jersey, is a city rich in history and diversity, located approximately 20 miles northwest of Manhattan. Founded in 1792 by Alexander Hamilton and others, it is known as the 'Silk City' for its dominant role in silk production during the 19th century. Paterson has played a pivotal role in the industrial growth of the United States and remains a symbol of early American industrialization.
City: Paterson
State: New Jersey
Country: United States
Population: Approximately 159,732 as of the latest estimates.
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 Paterson, NJ
Hike: Here are a couple of local trails to check out!
Local Attractions in Paterson, NJ
Great Falls National Historical Park - A historic park featuring the powerful Great Falls of the Passaic River, which played a crucial role in the city's industrial development.
Paterson Museum - Exhibits the city's industrial history, including its role in the silk industry and other innovations.
Lambert Castle - Originally built as a residence, now a museum showcasing local history and culture.
Art Factory - A vibrant arts community offering studio space, galleries, and venues for creative collaboration.
Hinchliffe Stadium - A historic stadium, one of the last remaining Negro League ballparks, currently under restoration.
The Economy of Paterson, NJ
Paterson's economy has evolved from its historical roots in silk production to a more diversified base. Today, the city's economy is supported by manufacturing, retail, and healthcare sectors. Small businesses and entrepreneurial ventures are increasingly significant, reflecting the city's diverse demographic makeup. Additionally, Paterson has been focusing on revitalizing its downtown area to attract new businesses and investments.
Paterson, NJ Inflation
Understanding the BLS and Inflation in Paterson, NJ
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Paterson, 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 Paterson, 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 Paterson, 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 Paterson, 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 Paterson, NJ
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