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A more than 24% year-over-year increase in Arkansans without jobs and slower pace of job growth helped pushed the state’s February jobless rate to 3.6%.
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Arkansas’ jobless rate rose to 3.7% in January from 3.4% in January 2023 even with year-over-year gains in Education and Health Services and the Construction sectors.
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Tax revenue is down 2% in Arkansas’ fiscal year, with a revised general revenue forecast including an estimated fiscal year-end surplus of $240.5 million.
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Gov. Sarah Huckabee Sanders will travel to Japan and South Korea alongside state economic development officials to try to recruit additional international investment.
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A recent economic report from Metroplan, central Arkansas' regional planning agency, cautions, “If you employ people, do not take them for granted.”
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Despite big job gains in Arkansas’ tourism and construction sectors, the state’s jobless rate in November rose to 3.3% from 3.1% in October.
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A continued rise in the number of Arkansans without jobs pushed the state’s jobless rate from 2.9% in September to 3.1% in October.
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A 2.6% decline in Arkansas tax revenue in the first four months of the fiscal year has less to do with economic conditions and more to do with lower tax rates and payroll timing.
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In an interview with Talk Business & Politics, Beck talked about the state of the industry and projects happening in the state.
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Commercial barge traffic on the Arkansas River has been shuttered due to the Mississippi River’s historic low water levels.