Electra, TX's Data
About Electra, TX's
Electra, Texas, often referred to as the 'Pump Jack Capital of Texas,' is a city steeped in oil history. Located in Wichita County, this city was named after Electra Waggoner, an heiress to a prominent ranching family. Founded in 1907, Electra quickly became a thriving oil boomtown after the discovery of oil in the area in 1911, leading to a significant population increase and economic boom during the early 20th century.
Things To Do in Electra, TX
Hike: Here are a couple of local trails to check out!
Local Attractions in Electra, TX
Electra Grand Theatre - A historic movie theatre that offers a glimpse into the early 20th century entertainment.
Pump Jack Park - Features a display of pump jacks, celebrating the city's oil heritage.
Waggoner Ranch - One of the largest ranches in the United States, offering insights into the ranching history that named the city.
Electra Public Library - A resource for local history and a center for community events.
Annual Electra Goat BBQ - A popular local event that showcases regional barbecue techniques and community spirit.
The Economy of Electra, TX
The economy of Electra has been historically dominated by the oil industry, which spurred its initial growth and prosperity. Although the oil industry remains a significant economic driver, the city has diversified its economy over the years. Agriculture also plays a crucial role, with local farms contributing to both the local and regional markets. Recent efforts have been made to attract new business ventures and tourism to further stabilize and grow Electra's economy.
Electra, TX Inflation
Understanding the BLS and Inflation in Electra, TX
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Electra, TX. 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 Electra, TX understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Electra, TX 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 Electra, TX 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 Electra, TX
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