Norwood, NY's Data
About Norwood, NY's
Norwood, New York, is a charming village located in St. Lawrence County, part of the North Country region. Established in 1871, Norwood has a rich history intertwined with the development of the railroad and local industry. Situated near the Raquette River, the village originally thrived as a mill town and later adapted to changes in industry and transportation over the decades. Its proximity to larger towns and natural resources has shaped its community and lifestyle.
Things To Do in Norwood, NY
Hike: Here are a couple of local trails to check out!
Local Attractions in Norwood, NY
Norwood Village Green - A central community gathering place known for hosting concerts and events.
Norwood Beach - Offers recreational opportunities such as swimming and picnicking during the summer months.
Norwood Museum - Houses artifacts and exhibits related to the local history of Norwood and the surrounding area.
Raquette River - Popular for fishing, kayaking, and scenic views, highlighting the natural beauty of the region.
Norwood Lake - A man-made lake that provides water activities and is a favorite spot for boating and fishing.
The Economy of Norwood, NY
The economy of Norwood has historically been anchored by manufacturing and the railroad, which played a central role in its development. Today, while some of the industrial activity has scaled down, the village's economy includes small businesses, services, and light manufacturing. The local government and education sectors also contribute to employment and economic activity, supported by the nearby presence of larger towns and educational institutions like SUNY Potsdam and Clarkson University.
Norwood, NY Inflation
Understanding the BLS and Inflation in Norwood, NY
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Norwood, NY. 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 Norwood, NY understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Norwood, NY 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 Norwood, NY 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 Norwood, NY
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