Unemployment In State's Metro Areas Returns to Pre-Covid Pattern

Unemployment rates in metro areas in Arkansas have returned to a pattern similar to that seen before the COVID-19 pandemic and its attendant recession, economist Michael Pakko noted on his blog, arkansaseconomist.com, earlier this month.

“Comparing May 2022 with May 2019, the relative ranking of unemployment rate is essentially unchanged, with lower rates today in Northwest Arkansas, Fort Smith and Jonesboro,” said Pakko, the chief economist with the Arkansas Economic Development Institute. “In the remaining metro areas, unemployment rates are slightly higher than they were three years ago.”