Tagged: michael pakko

Arkansas February Unemployment Rate Falls to 4.2 Percent

by Lance Turner 3/25/2016 9:19 am

Arkansas' February unemployment rate is 4.2 percent, down from 4.4. percent in January and 5.6 percent in the same month last year, according to report Friday from the state Department of Workforce Services.

Arkansas Business Power List 2016: Economic Development

by Arkansas Business Staff 3/21/2016 12:00 am

An economic development resource to help navigate the leadership of the largest Arkansas companies or institutions.

Arkansas' Unemployment Rate Falls to 4.4 Percent

by Alexis Hosticka 3/14/2016 10:36 am

Arkansas’ seasonally adjusted unemployment rate dropped three-tenths of a percentage point from December to 4.4 percent in January, according to a report Monday by the Arkansas Department of Workforce Services.

Unemployment Falls in Arkansas Metros in 2015

by Arkansas Business Staff 2/15/2016 12:00 am

Unemployment in Arkansas’ metropolitan areas has fallen significantly in the last year, notes Michael Pakko, an economist at the University of Arkansas at Little Rock.

Personal Income in Arkansas Metro Areas See Increase

by Arkansas Business Staff 2/8/2016 12:00 am

The eight metropolitan areas of Arkansas reported increases in local area personal income in 2014, with growth ranging from 1.6 percent in Pine Bluff to 4.1 percent in Fort Smith.

Tourism Strong in Hot Springs; Arkansas Economy Continues to Recover

by Alexis Hosticka 12/16/2015 1:37 pm

Although Arkansas' economic recovery has lagged the rest of country since the recession, growth here has increased over the last couple of years.

Arkansas Unemployment Mirrors National Trend, Down to 5.4 Percent

by Alexis Hosticka 9/18/2015 9:46 am

A report Friday by the Arkansas Department of Workforce Services, shows Arkansas’ seasonally adjusted unemployment rate dropped two-tenths of a percentage point, from 5.6 percent in July to 5.4 percent in August.

Finding Patterns in Counties’ Statistics (Michael Pakko Commentary)

by Michael Pakko 8/31/2015 12:00 am

In preparation for a recent presentation to the Association of Arkansas Development Organizations, I gathered a set of statistics on demographics and economic development for Arkansas’ 75 counties. Mapping the results yielded some interesting patterns, although in many cases not terribly surprising.

State Unemployment Rate Falls to 5.7 Percent in June

by Lance Turner 7/21/2015 9:12 am

Economist Michael Pakko says June snapped a three-month streak of growth among the number unemployed Arkansans.

State Economic Forecaster Michael Pakko Says Arkansas Economy Could Be Dampened by These Two Industries

by Arkansas Business Staff 7/13/2015 12:00 am

Michael R. Pakko took on the job of chief economist and state economic forecaster position at the Institute for Economic Advancement at UALR in August 2009.

Arkansas Unemployment Rate Rises to 5.7 Percent in April

by Alexis Hosticka 5/27/2015 8:43 am

Arkansas' unemployment rate ticked up one-tenth of percentage point from March, coming in at 5.7 percent in April, according to a report Wednesday by the state Department of Workforce Servics.

Arkansas Labor Force Rises by 9,000

by Arkansas Business Staff 3/30/2015 12:00 am

As the unemployment rate in Arkansas is falling the size of the labor force is increasing, as these charts by Michael Pakko, the state’s economic forecaster, show.

Arkansas Home Sales Up 4.5 Percent in 2014

by Arkansas Business Staff 3/16/2015 12:00 am

Home sales in Arkansas rose 4.5 percent last year compared with 2013, according to a report from the Arkansas Realtors Association.

UA, UALR Forecasters See More Improvement in Arkansas' Economy in 2015

by Mark Friedman 12/22/2014 12:00 am

Arkansas’ leading economists say the state should have an improved economy next year. One of the highlights: the unemployment rate is expected to continue to drop to 5.5 percent by the end of 2015 and then slip to 5.3 percent in 2016.

Evaluating New Minimum Wage’s Effects (Michael Pakko Commentary)

by Michael Pakko 11/24/2014 12:00 am

With the passage of ballot initiative No. 4, the minimum wage in Arkansas will increase in three steps to $8.50 per hour in 2017, $1.25 above the current federal minimum, making Arkansas one of many states to increase the minimum wage above the federally mandated level.

A Closer Look: Arkansas Unemployment and Employment

by Arkansas Business Staff 7/28/2014 12:00 am

The unemployment rate in Arkansas fell in June to 6.2 percent, but the number of people employed “continues to be a source of concern,” state economic forecaster Michael Pakko noted recently.

Revised Figures Show Improved Rate for Arkansas Growth

by Arkansas Business Staff 6/30/2014 12:00 am

A government report earlier this month on gross domestic product included revised figures that affected data on Arkansas’ growth rate back to 1997, according to Michael Pakko, the state economic forecaster.

2013 Sees Rise in Arkansas House Prices

by Arkansas Business Staff 3/17/2014 12:00 am

Home prices in Arkansas rose 0.2 percent in 2013, according to data from the Federal Housing Finance Agency. The rate for the United States as a whole was 7.8 percent.

Interpreting the Unemployment Rate (Michael Pakko Commentary)

by Michael Pakko 1/20/2014 12:00 am

The most commonly cited measure of labor market conditions is the unemployment rate, defined as the ratio of number of employed to number of labor force participants. But the unemployment rate expresses itself as a fraction of the labor force, it provides an incomplete picture, and it can give misleading signals. During the recent recession and recovery, for example, labor force participation has fallen sharply — and unlike unemployment rates, participation rates have shown little sign of recovery.

Michael Pakko: Economic Recovery Still Slow in Arkansas

by Mark Carter 11/6/2013 1:09 pm

While Arkansas weathered the recession a little better than the rest of the nation, it has fallen behind the U.S. in terms of post-recession economic recovery, according to UALR economist Michael Pakko.