Bayard, NM's Data
About Bayard, NM's
Bayard is a small city located in Grant County, New Mexico. Established in the early 20th century, Bayard grew as a result of the nearby mining operations, particularly copper mining. It is nestled in the southwestern part of New Mexico, surrounded by the scenic landscapes typical of the region. Bayard's history is closely tied to the Chino Mine, one of the largest open-pit copper mines in the world, which played a significant role in the city's development and population growth.
City: Bayard
State: New Mexico
Country: United States
Population: Approximately 2,300 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 Bayard, NM
Hike: Here are a couple of local trails to check out!
Local Attractions in Bayard, NM
Chino Mine - An expansive open-pit copper mine, key to the city's development.
Cobre High School Museum - A museum showcasing local history and the mining industry.
Fort Bayard Historic District - Nearby historic area featuring military history and old fort structures.
Gila National Forest - Offers outdoor recreational activities like hiking, camping, and wildlife viewing.
Bayard City Park - A local park providing recreational facilities and community events.
The Economy of Bayard, NM
The economy of Bayard is heavily influenced by the mining industry, with copper mining being the predominant economic activity. The presence of the Chino Mine has shaped the local economy, providing employment and contributing to the city's economic base. Despite the fluctuations in the global copper market, mining remains a stable source of economic activity. Additionally, small businesses and services tailored to meet the needs of the local population also contribute to the economy.
Bayard, NM Inflation
Understanding the BLS and Inflation in Bayard, NM
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Bayard, NM. 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 Bayard, NM understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Bayard, NM 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 Bayard, NM 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 Bayard, NM
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