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 – December 2022

Many economists have been predicting weakening economic conditions as the Federal Reserve hikes interest rates to fight inflation, but the impact on labor markets has not yet materialized.  The data for the final month of the year (released yesterday) revealed stable...

Arkansas Economic Forecast Conference

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...

Arkansas Employment and Unemployment – April 2022

Although the unemployment rate ticked up a tenth of a point in April, the employment report for Arkansas was generally positive.  Both the household and payroll surveys showed employment growth, and labor force participation rose for the fourth consecutive month. The...

Arkansas Employment and Unemployment – January 2022

The latest data on Arkansas employment and unemployment was released today, including the annual “benchmark revisions” of the payroll employment data. The information from the household survey showed a slight drop in the unemployment rate.  After the...
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