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Wal-Mart began paying its workers at least $9 an hour last year.
Agriculture & Poultry / Banking & Finance / Business Services

No Surprise: Higher Pay Helps Attract, Retain Employees

All industries, from health care to manufacturing, have faced a shortage of workers. Kathy Deck, director of the Center for Business & Economic Research at the Sam M. Walton School of Business at the University of Arkansas, says increasing pay would be the first action she would suggest when companies can’t find the right workers to fill positions. read more >
Mike Harvey, chief operating officer of the Northwest Arkansas Council, says one drawback for businesses is finding available buildings.
Business Services / Construction / Education

Newcomers to Northwest Arkansas Refilling Labor Pool

The Arkansas Department of Workforce Services released a report in July that showed Arkansas’ seasonally adjusted unemployment rate was 3.8 percent in June 2016. The U.S. Bureau of Labor Statistics reported unadjusted unemployment rates of 3.1 percent for northwest Arkansas and 4.2 percent for Arkansas. read more >
Banking & Finance / Real Estate / Retail

Arvest Report: Consumer Sentiment Declines in Arkansas

Arkansans' opinions about the economy have fallen since March, bringing a key consumer sentiment measure more in line with national attitudes, according to a new report sponsored by Arvest Bank. read more >
Arkansas Attorney General Leslie Rutledge has the EPA square in her sights.
Construction / Energy / Government & Politics

Leslie Rutledge Engages EPA in Legal Battles

State Attorney General Leslie Rutledge announced last week that Arkansas would join a multistate lawsuit challenging the Environmental Protection Agency’s new rule on ozone, the sixth legal battle she has entered with the federal agency since taking office in January. read more >
The Trails at Bentonville, a Lindsey Co. property of more than 450 units, hasn’t fully opened yet but is taking deposits.
Construction / Education / Investments

Apartments in Northwest Arkansas Still in High Demand

A recent apartment market study reported that occupancy rates for northwest Arkansas were 98 percent or higher in each of the four major cities. read more >
Forecasts, according to the Arkansas Economic Outlook show Arkansas' GDP growth to be between 1.5 percent and 2.2 percent in the next three years. 
Agriculture & Poultry / Banking & Finance / Business Services

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

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. read more >
Banking & Finance / Government & Politics / Real Estate

Arvest Survey: Mortgage Debt Down, Savings Up in Arkansas

Arkansans reported less mortgage debt than their neighbors in Oklahoma and Missouri, according to the latest consumer sentiment survey from Arvest Bank. read more >
Banking & Finance / Government & Politics / Real Estate

Arkansans More Pessimistic About Finances, Feel Better About Major Household Purchases

Arkansans feel more pessimistic about their current and expected financial situation, but feel more optimistic about buying major household items, according to the latest consumer sentiment survey from Arvest Bank. read more >
Banking & Finance / Government & Politics / Real Estate

Arvest Consumer Survey: Arkansans’ Opinion of Economy Improving

Arkansas consumer sentiment is up slightly in Arvest Bank's most recent survey, but it's still lower than surrounding states and considerably lower than the national outlook on the economy. read more >
Agriculture & Poultry / Energy / Government & Politics

Natural Gas in Fayetteville Shale Takes Arkansas from Zero to Billions in 10 Years

In the past decade, the players in the Fayetteville Shale have shuffled and consolidated, drilling has peaked and retreated, employment has expanded and contracted, technology has advanced, environmental and infrastructure concerns have reared their heads and government has responded. read more >
Construction / Real Estate

Arvest Skyline Report: NWA Commercial Vacancy Rates Down, Multifamily Rates Up

Vacancy rates during the first six months of 2014 in the northwest Arkansas commercial real estate market were down nearly 1 percent from a year ago, while multifamily vacancy rates were up more than 2 percent, according to the Skyline Report from Arvest Bank. read more >
Kathy Deck
Agriculture & Poultry / Banking & Finance / Business Services

Government, Wal-Mart, Tyson Foods Remain Atop Largest Arkansas Employers List

The names of Arkansas’ largest employers remain mostly unchanged from a year ago — and every year. State government is still atop the list with nearly 57,000 employees. read more >
Burt Hanna, CEO of Hanna’s Candle, said Wal-Mart’s orders increased from $4 million in 2012 to $30 million in 2013. By 2017, Wal-Mart is expected to buy $45 million worth of merchandise from his company that manufactures scented candles in Fayetteville. (Photo by Brooke McNeely Galligan)
Manufacturing / Public Companies / Retail

Wal-Mart’s Manufacturing Pledge Met With Hope, Skepticism

Wal-Mart Stores Inc.’s announcement in January 2013 that it would help resuscitate the U.S. manufacturing industry by buying an additional $50 billion worth of American-made items during the next decade has been met with skepticism and cheers. read more >
Kathy Deck
Agriculture & Poultry / Education / Manufacturing

Arkansas’ Manufacturing Sector Takes Baby Steps Back in 2013

Kathy Deck, the director of the Center for Business & Economic Research at the University of Arkansas, said the state reported 155,100 manufacturing jobs in December 2013, according to the Bureau of Labor Statistics. The drop of 300 jobs from the 155,400 reported in December 2012 is a decrease of about 0.2 percent. read more >
Scott Landers saw his firm’s revenue jump 62.6 percent to $393 million in 2012.
Retail

Arkansas Retailers See More Revenue in 2012

Of the 18 retailers among the 75 largest private companies, 16 showed revenue increases over 2011 figures, one remained flat and only Russell Chevrolet of Sherwood, whose revenue was estimated, dipped slightly. read more >