Olean, NY's Data
About Olean, NY's
Olean is a city located in Cattaraugus County, southwestern New York, near the Pennsylvania border. Founded in 1804 and incorporated in 1854, Olean serves as a financial and business hub of the region. It is situated along the Allegheny River, which historically facilitated transportation and trade, contributing significantly to its development. Olean's rich history includes its role as a major stop on the Erie Railroad and a booming oil town in the late 19th and early 20th centuries.
Things To Do in Olean, NY
Hike: Here are a couple of local trails to check out!
Local Attractions in Olean, NY
Rock City Park - Known for its massive rock formations and scenic hiking trails.
Cutco-Ka-Bar Visitors Center - Showcases the history of Cutco and Ka-Bar knives, featuring a museum and factory store.
Olean Point Museum - Offers exhibits on local history, including Native American artifacts and the oil industry.
Bartlett Country Club - A popular golf course offering lush greens and a challenging layout for golf enthusiasts.
Four Mile Brewing - A local brewery known for its craft beers and community events.
The Economy of Olean, NY
Olean's economy has transitioned from its historical reliance on oil and manufacturing to a more diversified base. Today, the city's economic landscape includes healthcare, education, and retail sectors. Major employers include Olean General Hospital and St. Bonaventure University located nearby. The presence of these institutions contributes to the stability of the local economy and provides employment opportunities to residents.
Olean, NY Inflation
Understanding the BLS and Inflation in Olean, NY
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Olean, 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 Olean, 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 Olean, 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 Olean, 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 Olean, NY
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