Our Voices Arkansas

The Voices of Grassroots Conservatives Across Arkansas

Jan 13, 2014

Regional Job Growth Slow Says Metroplan

Per Metroplan, the central Arkansas transportation planning group, the good news is:  Central Arkansas employment rates are better than the state and national averages. But the bad news is — just like on the national front — it’s not steady employment but a continually declining workforce that’s giving that number an artificial boost. Metroplan confirms...

by OurVoicesAR

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unemployedPer Metroplan, the central Arkansas transportation planning group, the good news is:  Central Arkansas employment rates are better than the state and national averages.

But the bad news is — just like on the national front — it’s not steady employment but a continually declining workforce that’s giving that number an artificial boost.

Metroplan confirms that, at the end of 2013 the unemployment rate was 6.5% in central Arkansas’ six counties — eight-tenths of a point below the state and federal jobless rates and better than 7.9% the region measured in 2010 and 2011.

“However, much of the local drop in unemployment owes to declining labor force participation, a sign that some individuals have opted out of the job market,” Metroplan said.

“Based on Metroplan population estimates and Arkansas Department of Workforce Services employment data, local job growth is running slower than local population growth.”

 

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