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....
by Michael Pakko | Apr 8, 2020
In a report released on March 23, AEDI presented a preliminary forecast for the Arkansas economy, taking into account the impact of the novel coronavirus disease 2019 (COVID-19). In addition to disruption of world supply chains, the decline in consumer spending...
by Michael Pakko | Apr 7, 2020
The U.S. Bureau of Economic Analysis released a report this morning on state-level GDP for the fourth quarter of 2019. Arkansas real GDP increased at a 2.4% annual rate, surpassing the national average of 2.1%. Arkansas’ growth rate was the 13th highest in the...
by Michael Pakko | Apr 2, 2020
The latest report on initial claims for unemployment insurance, covering the week ending March 28, came out this morning. Nationwide, initial claims were up 6,648,000, more than double the size of the record-breaking increase from the previous week (which was revised...
by Michael Pakko | Mar 31, 2020
(Revised and corrected, April 2, 2020) In a report released on March 23, AEDI presented a preliminary forecast for the Arkansas economy, taking into account the impact of the novel coronavirus disease 2019 (COVID-19). In addition to disruption of world supply...
by Michael Pakko | Mar 27, 2020
The Bureau of Labor Statistics has released state-level data on employment and unemployment for the month of February. Arkansas’ unemployment rate remained unchanged for the month at 3.5%, matching the U.S. rate. The number of unemployed was down by 269 and the...
