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...
by Michael Pakko | Mar 28, 2017
Arkansas personal income increased by 0.8% in the fourth quarter of 2016, a slightly slower pace than the nationwide growth rate of 0.9%. From the fourth quarter of 2015 through the end of 2016, income growth in Arkansas was 3.2%, compared to 3.7% nationwide. Since...
