Arkansas Personal Income – 2022:Q4

In the final quarter of 2022, personal income increased at an annualized rate of 7.3%—keeping pace with the national growth rate of 7.4%. Compared to a year earlier, incomes were up 7.7% in Arkansas and 5.7% for the U.S. A breakdown by major components shows that Net...

The 2023 Income Tax Cut Proposal

As this year’s legislative session winds down, a new tax cut proposal is on the agenda of the state legislature this week. The proposal would reduce the top marginal tax rate from 4.9% to 4.7%. This essay considers some of the features of the proposal. Arkansas...

Arkansas Employment and Unemployment – February 2023

State-level data on employment and unemployment in February were mixed for Arkansas. Information from the household survey showed a sharp drop in the number of employed, and hence a drop in the unemployment rate from 3.4% to 3.2% (in contrast to the 0.2 percentage...

Metro Area Employment and Unemployment – January 2023

New and revised data on metropolitan area employment and unemployment were released this morning from the Bureau of Labor Statistics. As was the case with the state-level data earlier this week, data from both the household and payroll surveys were subject to annual...
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