State’s unemployment down to 2.7%

Arkansas continued to see record employment levels in May, posting job gains for the eighth-straight month that helped lower the state’s unemployment rate to 2.7%, a new low and a full percentage point below the U.S. rate. The Arkansas Division of Workforce Services reported Friday that the state set records in the number of employed […]

Arkansas ends fiscal year with a $1.161 billion tax surplus

Arkansas ended the fiscal year with a $1.161 billion tax revenue surplus driven in part by a more than 8% growth in sales tax collections. But recent federal data suggests Arkansas’ economy may not be as robust in the back half of 2023. Total tax revenue in the fiscal year (July 2022-July 2023) was $8.85 […]