Arkansas Economy

Labor & The Economy
1:50 pm
Mon March 17, 2014

Arkansas Unemployment Down, Still Higher Than Nation

Figures released by the Arkansas Department of Workforce Services Monday show an increase in the number of workers who’ve found a job. The unemployment rate dropped a tenth of one percent to 7.3 percent in January, compared to December. It’s also two-tenths of a percent lower from the same time last year.

Dr. Michael Pakko with the University of Arkansas at Little Rock Institute for Economic Advancement says overall the numbers show positive trends in the state’s economy.

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Local & Regional News
4:34 pm
Tue February 25, 2014

Gas Prices Going Back Up In Arkansas

Just a few months after gas prices in Arkansas dropped below $3 a gallon, they’re back on the rise.

Regular unleaded gasoline reached a state average of $3.23 per gallon as of Tuesday, up six cents since last week.

“We’ve seen crude oil prices ratchet up in recent days and that’s driven up wholesale gasoline prices,” said Mike Right of Triple-A Auto Club, “and it’s not unusual to see that prices rise this time of year. In fact, last year at this time we were paying $3.64 a gallon.”

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Local & Regional News
12:22 pm
Fri February 14, 2014

Mayor: Osceola Lands Another New Manufacturer, Creates 75 Jobs

Officials in Osceola say a new manufacturer will build a $33 million facility and create 75 jobs in the Mississippi County town.

Mayor Dickie Kennemore says Blue Oak Resources will start building its facility next month in Osceola. The company, based in Burlingame, Calif., removes precious metals from electronics that are being recycled.

Kennemore says the new facility will be built on a 30-acre plot near the American Greetings factory in Osceola.

Local & Regional News
3:44 pm
Thu February 6, 2014

Helena To Undergo Economic Development

A store in downtown Helena
Credit Malcolm Glover / KUAR

Thursday marks the kick-off for the Riverside Renewal Project in Helena, Arkansas.

Southern Bancorp and the U.S. Department of Housing and Urban Development are partnering to revitalize downtown Helena by matching investments to eligible commercial or residential development projects up to $100,000.

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Local & Regional News
4:00 pm
Mon February 3, 2014

Arkansas Business, Farm & Faith Leaders Call For Immigration Reform

Leaders from Arkansas’s business, agriculture and faith communities are responding to U.S. House Speaker John Boehner’s proposal for an incremental approach to immigration reform with renewed calls to pass some meaningful legislation. Representatives from the Arkansas Chamber of Commerce and the Arkansas Farm Bureau spoke in a conference call with reporters

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Jobs
12:52 pm
Tue January 28, 2014

Arkansas Unemplyment Rate Ticks Down Slightly In December

The end of 2013 saw a drop in the unemployment rate in Arkansas. The state Department of Workforce Services released numbers showing the unemployment rate dropped one tenth of a percentage point in December, to 7.4 percent. Over the same period, the national rate dropped to 6.7 percent from 7.0 percent. The total civilian labor force rose by 2,600, according to the report.

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Local & Regional News
8:57 am
Wed January 22, 2014

Damaged Bridge Stops Barge Traffic On Arkansas River

Barge traffic is shut down on the Arkansas River in western Arkansas after damage was discovered on a railroad bridge.

Officials say two broken cables tilted the northern end of the bridge in between Fort Smith and Van Buren. Train crews discovered the dysfunctional rail late Monday when a northbound train was heading back from Fort Smith.

The cables are used to raise and lower the bridge.

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Local & Regional News
4:15 pm
Wed January 15, 2014

Arkansas Gas Prices Continue To Drop

Gasoline prices are down in many parts of Arkansas, due to seasonal changes. In the Little Rock area, some stations are selling gas at $2.95 a gallon.

According to Mike Right with the AAA Auto Club, continuing price fluctuations are also driven by a glitch in the distribution system.

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Arkansas Real Estate
6:04 am
Wed January 8, 2014

Fewer November Home Sales In Arkansas, 2013 Good Overall

November 2013 wasn’t a very good month for home sales in Arkansas. The number of single family residences sold decreased by about two percent compared to the same period the previous year. Despite that drop, data still show that the total number of home sales last year had been outpacing 2012. Bob Walker, realtor for Coldwell Banker and past president of the Arkansas Realtors Association, says November 2013 was largely an anomaly and he expects home sale numbers to continue to rise.

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Economy & Society
4:01 pm
Mon January 6, 2014

Recovery Still Slow In Central Arkansas, Says Study

Central Arkansas is still struggling to recover from the great recession, but encouraging trends show possible future growth in some industries. That’s according to a recent report by Metroplan. It shows that in 2013, population growth outpaced job growth in the Little Rock metro area, pointing to a slow recovery. Furthermore, the study found that young adults in central Arkansas are increasingly opting to live in urban, densely populated locales.

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