Personal Consumption Expenditures – 2016

The Bureau of Economic Analysis reported yesterday that Personal Consumption Expenditures (PCE) rose by 3.9% in Arkansas in 2016.  Nationwide, the growth rate was 4.0%.  PCE is not adjusted for inflation, so after accounting for a 1.2% increase in prices from 2015 to...

Arkansas Personal Income – 2017:Q2

Last week’s news release on personal income included new statistics for the second quarter of 2017, along with data revisions for the period 2014-present. The latest update showed personal income increasing 0.6% in the second quarter, slightly below the national...

Metro Area Employment and Unemployment – August 2017

Unemployment rates in Arkansas metro areas remain lower than a year earlier.  Wednesday’s news release from the Bureau of Labor Statistics noted that year-over-year changes in unemployment rates show declines in 323 of the nations 388 metropolitan areas, with...

Metro Area GDP – 2016

The Bureau of Economic Analysis released 2016 GDP data for metropolitan areas earlier this week. The data for Arkansas metro areas show relatively strong growth in Fayetteville, Jonesboro, and Texarkana. Real GDP contracted in Fort Smith, Hot Springs and Pine Bluff....

Arkansas Employment and Unemployment – August 2017

The August report on employment and unemployment was a bit disappointing in several respects, but the latest month-to-month readings should be considered against a backdrop of positive longer-term trends.  The headline news was an uptick in Arkansas’...
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