Franklin, VA's Data
About Franklin, VA's
Franklin is an independent city located in southeastern Virginia, United States. Established in 1876 and incorporated as a city in 1961, Franklin has a rich history deeply connected to the lumber industry and the Blackwater River, which has been integral to its development. The city is known for its charming small-town atmosphere and its historical significance in the region.
Things To Do in Franklin, VA
Hike: Here are a couple of local trails to check out!
Local Attractions in Franklin, VA
Armory Drive Recreational Park - A popular spot for outdoor activities including sports and picnics.
Franklin Bowling Center - A favorite local hangout for family entertainment and bowling.
High Street United Methodist Church - A historic church known for its vibrant community and beautiful architecture.
Blackwater River - A natural attraction ideal for fishing, kayaking, and scenic views.
Children's Museum of Virginia - Located nearby in Portsmouth, offering interactive exhibits and educational programs for children.
The Economy of Franklin, VA
The economy of Franklin has traditionally been anchored by the paper and lumber industries, with the presence of major companies such as International Paper. Although the paper mill has undergone changes and restructuring, it remains a significant employer. In recent years, the city has seen efforts to diversify its economic base, including development in retail, health services, and small business enterprises.
Franklin, VA Inflation
Understanding the BLS and Inflation in Franklin, VA
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Franklin, VA. 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 Franklin, VA understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Franklin, VA 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 Franklin, VA 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 Franklin, VA
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