by Michael Pakko | Jul 17, 2020
The state employment report for June showed continued recovery from the sharp job losses registered in April during the peak of pandemic-related economic shutdowns. The Arkansas unemployment rate dropped from a revised 9.6% in May to 8.0% in June. The national...
by Michael Pakko | Jun 23, 2020
The Bureau of Economic Analysis released the state-level personal income report for the first quarter of 2020 this morning. The BEA noted that this was the first-quarter to be “impacted by the response to the spread of COVID-19, as governments issued...
by Michael Pakko | Jun 19, 2020
Last month, the April employment report for Arkansas was not as bad as expected. The May report is better than expected. The unemployment rate dropped from a revised 10.8% in April to 9.5% in May. The number employed rebounded sharply from its April decline,...
by Michael Pakko | Jun 10, 2020
As the economic impact of the COVID-19 pandemic continues to unfold, one constant is the rapid pace at which the situation is developing. Just one month ago, our May forecast came out in the wake of the April employment report, which showed U.S. payroll employment...
by Michael Pakko | Jun 3, 2020
The latest report on metropolitan area employment and unemployment from the Bureau of Labor Statistics showed increases in unemployment in all 389 metro areas across the U.S. Compared to a year earlier, nonfarm payroll employment declined in 377 metro areas and was...
by Michael Pakko | May 22, 2020
As anticipated, the state-level employment and unemployment report for April showed a sharp increase in unemployment and precipitous declines in employment. The official unemployment rate rose from 5.0% (revised) to 10.2%. Nonfarm payrolls declined by over 100,000....
