Jobless level in state edges down to 4.5%

Arkansas’ jobless rate improved in February, dropping to 4.5%, closer to the state’s pre-pandemic levels. The U.S. unemployment rate also fell to 6.2%. Arkansas’ labor force also dropped, by 12,775, raising concerns for the state’s economic development officials for filling open jobs. Michael Pakko, chief economist with the Arkansas Economic Development Institute, said Friday’s report […]

What impact could a $15 minimum wage have on Arkansas workers?

The Biden Administration is looking at proposing a $15 federal minimum wage increase. Arkansas’ minimum wage is currently $11 an hour, much higher than the current federal minimum of $7.25. Michael Pakko said raising the federal minimum wage to 15 dollars would be a big change for Arkansas. The state’s median wage is $15.84, meaning […]