Overall unemployment rate moved down to 5.1% with the biggest shift in Financial Services, which lost 100 roles, based on the most recently available information published in September 2021.
Total employment in the Texarkana, TX-AR market declined by 278 jobs in August and the unemployment rate decreased compared to the prior month by 80 bps to 5.1%. The national unemployment rate decreased by 38 bps over the same time to 5.3%.
- Texarkana, TX-AR unemployment rate is 19 bps below the national rate which is a positive sign.
- Unemployment in the market is 130 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August versus prior month by 2% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.2%. Key sectors include:
- Transportation & Utilities: 12,700; no change
- Government: 12,100; +100
- Education & Healthcare: 9,100; no change
- Restaurants & Hotels: 6,700; -100
- Manufacturing: 5,600; no change
- Business Services: 4,100; no change
- Construction, Mining: 3,000; no change
- Financial Services: 2,100; -100
- Other Jobs: 1,900; no change
- IT & Development: 200; no change
Data is based on the most recent 12 months available, through August 2021 (Data published September 2021 and reports created on September 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.