Arkansas Personal Income – 2021:Q2

New data from the U.S. Bureau of Economic Analysis reports that Arkansas Personal Income declined by 8.5% in the second quarter (an annualized rate of -29.8%). Nationwide, the second-quarter decrease in income was 6.0% (-21.8% annual rate). Income declines in the...

Arkansas Retail Sales – June 2021

Arkansas Retail Sales increased by 2.5% in June, remaining well above spending levels of a year earlier and well above pre-pandemic levels as well.  Total Retail Trade and Food Service sales were up 13.0% from June 2020 and up 27.1% from the 2019:H2 average. The data...

Arkansas Employment and Unemployment – August 2021

The state employment report for August had no real surprises, but was generally consistent with the ongoing trend of slowly improving labor market conditions as we emerge from the COVID-19 recession. Data associated with the BLS Household survey was comparatively...

Metro Area Employment and Unemployment – July 2021

The statewide employment data released two weeks ago showed an ongoing slow pace of recovery in Arkansas labor markets.  The unemployment rate, for example, ticked down by less than one-tenth of a percentage point (seasonally adjusted). Newly published data for...

Arkansas Retail Sales – May 2021

Arkansas Retail Sales declined slightly for a second month in May, but remained well above levels of a year ago or before the onset of the COVID-19 pandemic.  Total Retail and Food Services Sales were down 3%, following a 3.4% decline in April.  The two monthly...
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