Arkansas Personal Income – 2020:Q3

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...

Arkansas Personal Income – 2020:Q2

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...

Arkansas Personal Income – 2020:Q1

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...

Arkansas Personal Income – 2017:Q2

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...

Arkansas Personal Income – 2017:Q1

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...

Regional Price Parities and Real Personal Income – 2015

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...
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