by Michael Pakko | Jul 29, 2020
The June employment report for metropolitan areas showed a continuing rebound from the job losses of March and April. The table below showed revisions to the nonfarm payroll employment data for May, along with the new numbers for June. The May revisions showed...
by Michael Pakko | Jul 22, 2020
Since our last forecast update six week ago (June 10), incoming data have continued to show a more rapid recovery from the COVID-19 shutdowns than previously expected. Nonfarm payroll employment bounced back with increases of 1.9% and 2.0% in May and June,...
by Michael Pakko | Jul 17, 2020
The state employment report for June showed continued recovery from the sharp job losses registered in April during the peak of pandemic-related economic shutdowns. The Arkansas unemployment rate dropped from a revised 9.6% in May to 8.0% in June. The national...
by Michael Pakko | Jul 8, 2020
In the latest report on state-level GDP, the U.S. Bureau of Economic Analysis reported that Arkansas’ economy contracted at a 5.0% annual rate in the first quarter, the same rate as the U.S. That was also the median growth rate among states. GDP declined in...
by Michael Pakko | Jul 1, 2020
The May employment report for metropolitan areas showed slight employment gains in all of Arkansas’ metro areas, offsetting a portion of the sharp declines in April. The table below showed revisions to the nonfarm payroll employment data for April along with...
