by Michael Pakko | Jun 1, 2023
Arkansas’ unemployment rate fell to a new all-time low of 2.9% in April. Unemployment rates in the state’s metropolitan areas generally followed suit. Using the Smoothed Seasonally-Adjusted Metropolitan Area Estimates (which date back to January 1990), new...
by Michael Pakko | May 19, 2023
April was another record-setting month for Arkansas labor markets. The unemployment rate dropped 0.2 percentage points to 2.8%—the lowest unemployment rate on record. Arkansas was one of ten states seeing new record-low unemployment rates. The national unemployment...
by Michael Pakko | May 4, 2023
New data for metro area employment and unemployment came out this week, including newly revised data from the household survey. The revisions had minor effects on unemployment rates. As shown in the first two columns of the table below, unemployment rates were...
by Michael Pakko | Apr 21, 2023
It has been widely anticipated that the recent increases in interest rates would result in weaker labor markets. In Arkansas, at least, there is little sign of deteriorating conditions—quite the opposite, in fact. Today’s report from the Bureau of Labor...
by Michael Pakko | Apr 5, 2023
The latest data from the Bureau of Economic Analysis reports that real GDP growth in Arkansas proceeded at a 3.2% annual rate in the fourth quarter. U.S. GDP growth rate for the quarter was 2.6% for the quarter. Growth over the four quarters of 2022 totaled 1.9% in...
