by Michael Pakko | Dec 23, 2022
The Bureau of Economic Analysis reported today that Arkansas GDP expanded at an annual growth rate of 1.3% in the third quarter. The BEA report noted that 47 states plus the District of Columbia showed positive growth. Arkansas’ growth rate ranked 41st among...
by Michael Pakko | Dec 16, 2022
Data on labor markets showed deteriorating conditions in November: Unemployment continued its upward creep, while both household and payroll surveys showed employment contractions. The unemployment rate ticked up from 3.6% to 3.7%, matching the national unemployment...
by Michael Pakko | Nov 18, 2022
The Arkansas unemployment rate increased another 0.1 percentage points in October rising from 3.5% to 3.6%. It had been previously reported that the U.S. unemployment rate rose by 0.2 to 3.7% in October. The increase in Arkansas’ unemployment rate resulted from...
by Michael Pakko | Nov 10, 2022
Thank you to all the attendees of the Arkansas Economic Forecast Conference this morning. Special thanks to the participants in our panel discussion: Randy Zook, Arkansas State Chamber of Commerce Bert Greenwalt, Arkansas State University Shannon Newton, Arkansas...
by Michael Pakko | Oct 21, 2022
Arkansas’ unemployment rate rose by 0.1 percentage points to 3.5% in September. The Bureau of Labor Statistics had previously reported that the U.S. unemployment rate declined .2 percentage points to 3.5% for the month. Since the onset of the pandemic in early...
