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...
by Michael Pakko | Sep 24, 2020
Today’s report from the Bureau of Economic Analysis showed that total personal income increased by 7.0% in Arkansas in the second quarter of 2020 – an annualized growth rate of 31.3%. Arkansas’ growth rate was slightly slower than the 34.2% pace...
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 | Oct 3, 2017
Last week’s news release on personal income included new statistics for the second quarter of 2017, along with data revisions for the period 2014-present. The latest update showed personal income increasing 0.6% in the second quarter, slightly below the national...
by Michael Pakko | Jun 27, 2017
Arkansas personal income increased by 1.0% in the first quarter of 2017, the same pace as the national average. The range of growth rates among states ranged from -0.1% in Nebraska (the only state with negative growth) to +1.6% in Idaho. From the first quarter of...
by Michael Pakko | Jun 23, 2017
Arkansas is a relatively low income state, but it is also a state with a very low cost of living. A dollar of income supports more real spending in Arkansas than it would in other, more expensive parts of the country. New data from the Bureau of Economic Analysis...
