Arkansas Personal Income – 2021:Q3

The latest report on state-level personal income, released yesterday by the Bureau of Economic Analysis, shows that personal incomes in Arkansas increased at a 2.9% annual rate in the third quarter, following a revised second quarter decline of 26.9%.  [The second...

Arkansas Employment and Unemployment – November 2021

The November report on state labor market data showed another strong month for Arkansas.  The unemployment rate dropped by another 0.3 percentage points and payroll employment continued its trend of rapid expansion. The headline was another drop in the Arkansas...

Arkansas’ New 15.5% Top Income Tax Rate

The Arkansas legislature adopted major income tax legislation this week, with the accomplished goal of lowering the marginal tax rate on high incomes from 5.9% in 2021 to 5.5% in 2022, with further reductions scheduled for subsequent years that would reduce the top...

Metro Area Employment & Unemployment – October 2021

Today’s report on metro area employment showed that the positive developments seen in the state-level report carried over to all of Arkansas’ metro areas.  Unemployment declined and payroll employment expanded. The statewide unemployment rate had...

Arkansas Employment and Unemployment – October 2021

The state employment report for October included several positive developments.  Unemployment dropped sharply and nonfarm payroll employment showed a healthy gain. The headline news was a drop in the unemployment rate from 4.0% in September to 3.7% in October.  The...
AWSOM Powered