Tagged: Michael Pakko

Arkansas February Unemployment Rate Falls to 4.2%

Arkansas February Unemployment Rate Falls to 4.2%

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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. read more >

Arkansas' Unemployment Rate Falls to 4.4 Percent

Arkansas' Unemployment Rate Falls to 4.4 Percent

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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. read more >

Unemployment Falls in Arkansas Metros in 2015

Unemployment Falls in Arkansas Metros in 2015

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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. read more >

Personal Income in Arkansas Metro Areas See Increase

Personal Income in Arkansas Metro Areas See Increase

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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. read more >

Finding Patterns in Counties’ Statistics (Michael Pakko Commentary)

Finding Patterns in Counties’ Statistics (Michael Pakko Commentary)

Opinion

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. read more >

Arkansas Labor Force Rises by 9,000

Arkansas Labor Force Rises by 9,000

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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. read more >

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

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

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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 >

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

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

OpinionRestaurants & Food

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. read more >

A Closer Look: Arkansas Unemployment and Employment

A Closer Look: Arkansas Unemployment and Employment

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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. read more >

Interpreting the Unemployment Rate (Michael Pakko Commentary)

Interpreting the Unemployment Rate (Michael Pakko Commentary)

Opinion

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. read more >