by Michael Pakko | Jun 30, 2023
New reports on personal income and GDP for the first quarter show signs of relative weakening of the Arkansas economy. Personal income increased at a 3.2% annual rate in the first quarter, well below the national growth rate of 5.1%. (Personal income figures are not...
by Michael Pakko | Apr 5, 2023
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...
by Michael Pakko | Oct 6, 2022
Last week’s release of new GDP data coincided with a new report on state-level personal income. The Bureau of Economic Analysis indicated that the two reports would be released simultaneously from now on. There is some logic in that plan: GDP and personal...
by Michael Pakko | Dec 21, 2021
The latest report on state-level personal income, released yesterday by the Bureau of Economic Analysis, shows that personal incomes in Arkansas increased at a 2.9% annual rate in the third quarter, following a revised second quarter decline of 26.9%. [The second...
by Michael Pakko | Sep 23, 2021
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...
by Michael Pakko | Dec 17, 2020
New data from the Bureau of Economic Analysis released today shows that Arkansas personal income declined by 5.5% in the third quarter — corresponding to a -20.3% annual rate. Nationwide, personal income was down 2.6% (a 10.0% annual rate). The BEA reported that...