Wakeman, OH's Data
About Wakeman, OH's
Wakeman is a village located in Huron County, Ohio, United States. Established in 1834, the village was named after Jesup Wakeman, an early settler who was instrumental in bringing the railroad to the area. Situated near the Vermilion River, Wakeman developed as a local agricultural hub and transportation crossroads in the 19th century. Its small-town charm and historical roots make it a quaint example of rural Ohio life.
Things To Do in Wakeman, OH
Hike: Here are a couple of local trails to check out!
Local Attractions in Wakeman, OH
Wakeman Elevator Craft Beer and Wine Barn - A popular local spot offering a selection of craft beers and wines in a historic grain elevator setting.
Riverdog Retreat - A scenic area known for its rustic accommodations and artistic workshops nestled in the surrounding nature.
Thomas Edison Birthplace Museum - Located nearby in Milan, this museum commemorates the famous inventor with exhibits and tours.
Old Woman Creek State Nature Preserve - A nearby protected area featuring trails, wildlife viewing, and educational programs about local ecosystems.
Vermilion River Reservation - Offers outdoor activities such as hiking, fishing, and picnicking along the picturesque Vermilion River.
The Economy of Wakeman, OH
Wakeman's economy historically revolved around agriculture, benefiting from its fertile soil and favorable farming conditions. Today, the local economy still features a strong agricultural presence, but has diversified to include small businesses, retail services, and light manufacturing. The village's proximity to larger markets like Cleveland and Toledo also supports its economic landscape by providing broader employment opportunities for residents.
Wakeman, OH Inflation
Understanding the BLS and Inflation in Wakeman, OH
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Wakeman, 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 Wakeman, 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 Wakeman, 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 Wakeman, 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 Wakeman, OH
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