State’s Jobless Rate Surges To 10.2%

Unemployment in Arkansas shot up to 10.2% in April, ballooning to double-digits for the first time in more than 35 years. The jobless rate doubled from 5% in March, state officials announced Friday. All 11 economic sectors suffered job losses as the coronavirus...

Video: Economist Michael Pakko on COVID-19 and Arkansas’ Economy

On Wednesday, Arkansas Business spoke to Michael Pakko, chief economist and state economic forecaster at the Arkansas Economic Development Institute at the University of Arkansas at Little Rock, about the state of the Arkansas economy amid COVID-19. Pakko had just...

17% Unemployment Forecast For State

Unemployment in Arkansas is predicted to skyrocket to 17% this summer, climbing into double digits for the first time since the early 1980s, according to a statewide economic forecast. The state’s joblessness rate, however, should remain just below the 19.6%...