Hobbs, NM's Data
About Hobbs, NM's
Hobbs is a vibrant city located in Lea County, southeastern New Mexico, near the Texas border. Founded in 1907 as a small settlement, Hobbs experienced rapid growth with the discovery of oil in 1927, transforming it into a bustling hub. The city's strategic location has made it a significant player in the oil and gas industry, contributing to its dynamic economic landscape. Hobbs is also known for its rich cultural heritage and proximity to natural attractions, offering a unique blend of historical and modern elements.
City: Hobbs
State: New Mexico
Country: United States
Population: Approximately 39,000
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 Hobbs, NM
Hike: Here are a couple of local trails to check out!
Local Attractions in Hobbs, NM
Zia Park Casino - A popular destination featuring a racetrack, casino, and hotel, offering entertainment and dining options.
Western Heritage Museum - Showcases the history and culture of southeastern New Mexico, with exhibits on the oil industry, ranching, and local history.
Harry McAdams Park - A serene park ideal for family outings, with camping facilities, a pond, and hiking trails.
Rockwind Community Links - An award-winning golf course that provides a challenging layout for golfers of all skill levels, along with scenic views.
Lea County Cowboy Hall of Fame - Celebrates the cowboy culture and history of the region, located within the Western Heritage Museum.
The Economy of Hobbs, NM
The economy of Hobbs is predominantly driven by the oil and gas industry, which has been the backbone of the region since the early 20th century. This sector continues to dominate, providing numerous jobs and contributing significantly to the local economy. In addition to energy, Hobbs has diversified its economic base to include healthcare, education, and retail services, helping to stabilize the economy and reduce dependency on oil. The city also promotes small businesses and entrepreneurial endeavors, further enhancing its economic landscape.
Hobbs, NM Inflation
Understanding the BLS and Inflation in Hobbs, NM
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Hobbs, 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 Hobbs, 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 Hobbs, 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 Hobbs, 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 Hobbs, NM
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