by Michael Pakko | Dec 21, 2021
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...
by Michael Pakko | Dec 17, 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...
by Michael Pakko | Dec 9, 2021
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...
by Michael Pakko | Dec 2, 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...
by Michael Pakko | Nov 19, 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...
