Jan 19, 2014
Arkansas Jobs Forecast: “Sluggish”
“Sluggish” economic growth is forecast for the state, according to Kathy Deck, an economist reporting at the Quarterly Business Analysis Luncheon last week in Rogers. At the recurring meeting Deck, director of the Center for Business and Economic Research at the University of Arkansas, said: Jobs in the state look very, very flat the next...
At the recurring meeting Deck, director of the Center for Business and Economic Research at the University of Arkansas, said:
Jobs in the state look very, very flat the next couple of years … We’re going to slog along in this long, boring, not quite good enough recovery.
I’m a little worried about Arkansas’ rural areas … sluggish growth in manufacturing employment is holding back our overall success as a state … There’s not enough momentum in enough sectors to get us back to pre-recession levels in the next couple of years.”
At the same event Richard Yamarone, senior economist with Bloomberg Brief added the national economy remains on thin ice and is prone to recession because of a poor job outlook that has kept GDP growth around 2 percent:
The U.S. is not getting the boost in job creation that’s needed. What matters is the types of jobs — can they support families and get the economy going? We aren’t gaining those types of jobs.