Lakewood, OH's Data
About Lakewood, OH's
Lakewood is a vibrant city located in Cuyahoga County, Ohio, on the southern shore of Lake Erie. Established in 1889, it is part of the Greater Cleveland Metropolitan Area. Known for its picturesque waterfront views and dense, walkable neighborhoods, Lakewood has a rich history tied to its development during the early 20th century as a destination for entertainment and leisure. Today, it is celebrated for its diverse population and strong sense of community.
Things To Do in Lakewood, OH
Hike: Here are a couple of local trails to check out!
Local Attractions in Lakewood, OH
Lakewood Park - One of the largest lakefront parks in Ohio, offering spectacular views of Lake Erie and Cleveland skyline.
Beck Center for the Arts - Provides a range of artistic performances and educational programs in theater and the arts.
Madison Park - Features athletic fields, a swimming pool, and playgrounds, popular among families and sports enthusiasts.
Lakewood Historical Society - Offers insights into the rich history of Lakewood with exhibits and events in the historic Nicholson House.
Detroit Avenue - Known for its diverse range of dining options and boutiques, reflecting the city's eclectic cultural fabric.
The Economy of Lakewood, OH
Lakewood's economy is primarily driven by local businesses, including a variety of shops, restaurants, and service-oriented industries. The healthcare sector is significant, supported by nearby medical facilities and hospitals. Additionally, the city benefits from its proximity to downtown Cleveland, making it a convenient location for commuters. Lakewood's economic landscape is also characterized by a growing focus on sustainability and local entrepreneurship.
Lakewood, OH Inflation
Understanding the BLS and Inflation in Lakewood, OH
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Lakewood, OH. 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 Lakewood, OH understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Lakewood, OH 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 Lakewood, OH 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 Lakewood, OH
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