Overall unemployment rate moved up to 7.0% with the biggest shift in Government, which gained 300 roles, based on the most recently available information published in April 2021.
Total employment in the Texarkana, TX-AR market declined by 26 jobs in February and the unemployment rate increased compared to the prior month by 40 bps to 7.0%. The national unemployment rate decreased by 26 bps over the same time to 6.6%.
- Texarkana, TX-AR unemployment rate is 45 bps above the national rate which is a negative sign.
- Unemployment in the market is 270 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) declined in February versus prior month by -0.9% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:
- Government: 13,000; +300
- Transportation & Utilities: 12,600; -100
- Education & Healthcare: 9,000; -200
- Restaurants & Hotels: 6,500; +200
- Manufacturing: 5,500; no change
- Business Services: 4,000; -100
- Construction, Mining: 2,900; no change
- Financial Services: 2,200; no change
- Other Jobs: 1,800; no change
- IT & Development: 200; no change
Data is based on the most recent 12 months available, through February 2021 (Data published April 2021 and reports created on April 9, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.