Lovington, NM's Data
About Lovington, NM's
Lovington is a city located in Lea County, New Mexico, and serves as the county seat. Founded in the early 20th century, Lovington was incorporated in 1917 and has grown into a hub for the oil and gas industry in the region. Its geographical setting in the southeastern part of New Mexico places it near the Texas border, contributing to its cultural and economic exchanges with the larger Permian Basin area.
City: Lovington
State: New Mexico
Country: United States
Population: 11,009
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 Lovington, NM
Hike: Here are a couple of local trails to check out!
Local Attractions in Lovington, NM
Chaparral Park - A popular recreational area offering fishing, boating, and picnic spots.
Lea County Museum - A cultural institution that showcases the history and heritage of Lea County through various exhibits and collections.
Lovington Main Street - Features local shops and eateries, providing a glimpse into the community's daily life and local commerce.
City of Lovington Athletic Complex - A facility that hosts sports events and other community activities, promoting local engagement.
Lovington Youth Center - Offers various programs and activities for the youth, focusing on education, sports, and personal development.
The Economy of Lovington, NM
The economy of Lovington is strongly influenced by the oil and gas industry, which is a major driver of local employment and economic activity. The city benefits from its position in one of the most productive oil regions in the United States. Additionally, agriculture and related businesses also play significant roles in the local economy, with ranching and farming being traditional economic activities in the area.
Lovington, NM Inflation
Understanding the BLS and Inflation in Lovington, NM
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Lovington, 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 Lovington, 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 Lovington, 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 Lovington, 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 Lovington, NM
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