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Michael Pakko

Retail / Small Business

Retail Sales in Arkansas Slow in 2023

Total retail spending in Arkansas increased 2.4% in 2023 compared with 2022, according to economist Michael Pakko. In the U.S., total retail spending rose 2.6% last year compared with the […] read more >
Banking & Finance / Industry / Restaurants & Food / Tourism

Eclipse Economics: Arkansas Expects Tourism Boom on the HorizonLock Icon

To calculate how many eclipse chasers will be looking skyward in Arkansas at 1:45 p.m. on Monday, April 8, economists and tourism officials started by looking backward. read more >
Government & Politics / Industry / Restaurants & Food / Tourism / Transportation

The Eclipse: Arkansas’ Chance to Shine (Editorial)

The eclipse gives the state’s tourism industry an unparalleled opportunity to shine. read more >
Agriculture & Poultry / Banking & Finance / Business Services / Construction / Government & Politics / Health Care / Manufacturing / Restaurants & Food / Retail / Small Business

Job Openings Ratio Remains High in Arkansas

One measure of the tightness of labor markets is the number of job openings per unemployed person, economist Michael Pakko noted recently on his arkansaseconomist.com blog. The national ratio has moved down […] read more >
Education

Arkansas Employment Data Called ‘Remarkable’

In the past four months, the number unemployed has fallen by 9,509. read more >
Government & Politics

Arkansas September Tax Collections 20% Above Forecast

September net available general revenue hits $766.1 million, 20% above forecast, and officials foresee a third straight year of "high growth in incomes." read more >
Nate Steel, a Little Rock lawyer, is chief compliance and government affairs officer for Good Day Farm, which supports adult-use cannabis and the causes that tax proceeds from legalization would support.
Agriculture & Poultry / Government & Politics / Legal

Cannabis Legalization: Business Pros and ConsLock Icon

What the vote for recreational marijuana could mean for business, from the size of the market to its sales and tax potential. read more >
Business Services / Construction / Education / Energy / Health Care / Restaurants & Food / Retail / Small Business

Job Openings Per Unemployed Worker Dips in Arkansas

The number of job openings per unemployed worker fell below 2.0 for the first time this year. read more >
Michael Pakko, left, and Tyler Mondres, economists who discussed the outlook for Arkansas and the nation at the Arkansas State Chamber's 2022 Virtual Financial Forecast
Agriculture & Poultry / Business Services / Construction / Manufacturing / Restaurants & Food / Retail / Small Business / Tourism

Inflation Slowing, Economists Tell Arkansas State Chamber

Uncertainty remains, but the good news is that Arkansas and the country seem to be nearing full employment. read more >
Agriculture & Poultry / Banking & Finance / Business Services / Construction / Education / Energy / Government & Politics / Health Care / Insurance / Investments / Legal / Manufacturing / Media & Marketing / Nonprofits / Public Companies / Real Estate / Restaurants & Food / Retail / Small Business / Tourism / Transportation

Unemployment Rates in Arkansas Reach Pre-Pandemic Levels

Just as unemployment fell statewide in October, to 3.7%, unemployment rates in all eight Arkansas metro areas also declined, with rates falling by 0.2 to 0.4 percentage points. read more >
Banking & Finance / Construction / Education / Government & Politics / Retail / Small Business

Arkansas Economist Sees Low Unemployment, Less Spending Ahead

Unemployment of between 3.3%-4% is also expected. read more >
Government & Politics

Jobless Ratio Stands at 0.6 in Arkansas

The ratio of unemployed people to job openings has been steadily declining this year, falling below 1.0 in July. read more >
Big River Steel, above, and Nucor in Mississippi County have been producing for a soaring market recently. “Steel is our single largest cost component, and the price is up more than 300% in the last 12 months,” said David Peacock, CEO of Hytrol Conveyor Co. Inc. of Jonesboro.
Agriculture & Poultry / Business Services / Energy / Government & Politics / Manufacturing / Public Companies / Transportation

Inflation: Costs, Supply Issues Put Squeeze on ManufacturersLock Icon

Raw materials, labor and fuel price increases are forcing producers to both economize and pass on the costs to customers. read more >
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It’s Called A Job Market (Gwen Moritz Editor’s Note)

With so many companies hiring at the same time, the best workers have options. read more >
Little Rock School Superintendent Mike Poore: “We’ve got to be aggressive, and I hope that the community feels like that’s what’s happening in Little Rock right now.”
Agriculture & Poultry / Banking & Finance / Business Services / Construction / Education / Energy / Government & Politics / Health Care / Insurance / Investments / Legal / Manufacturing / Media & Marketing / Nonprofits / Public Companies / Real Estate / Restaurants & Food / Retail / Small Business / Tourism / Transportation

Beyond COVID-19: Industries and Leaders Look to FutureLock Icon

Arkansas Business asked industry leaders to share their expectations for 2021, both before and after the coronavirus vaccine is widely available. Here’s what they said. read more >

Unemployment in Arkansas Drops to 6.2% in October

The unemployment rate in Arkansas dropped by a full percentage point in October, from 7.2% in September to 6.2% last month. read more >
Media & Marketing / Retail

Smooth Move, Dude (Gwen Moritz Editor’s Note)

It’s a perfect story: Hardworking young man full of energy and ideas finds unlikely success, only to be knocked down by the establishment that feels threatened by a new generation of talent. Maybe a little too perfect. read more >
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Arkansas’ Unemployment Rate Declines to 6.2% in October

Arkansas' seasonally adjusted unemployment rate declines to 6.2% in October from 7.2% in September, the state Department of Workforce Services reports. read more >
Michael Pakko
Banking & Finance / Construction / Government & Politics / Health Care / Manufacturing / Restaurants & Food / Retail / Small Business / Tourism

Michael Pakko: Employment to Return to Pre-Pandemic Levels by Late 2022

Michael Pakko says the state could see a return to pre-pandemic employment by the end of 2022 — an outlook that could be affected by a vaccine, more stimulus and new shutdowns. read more >
Jim Youngquist
Education / Government & Politics

AEDI Dashboard Tracks COVID-19’s Social, Economic Effects

The Arkansas Economic Development Institute at the University of Arkansas at Little Rock has developed an interactive COVID-19 data dashboard that tracks how the pandemic has affected the state socially and economically. read more >