Overall unemployment rate moved up to 6.6% with the biggest shift in Government, which lost 300 roles, based on the most recently available information published in March 2021.
Total employment in the Texarkana, TX-AR market declined by 2,792 jobs in January and the unemployment rate increased compared to the prior month by 90 bps to 6.6%. The national unemployment rate increased by 31 bps over the same time to 6.8%.
- Texarkana, TX-AR unemployment rate is 21 bps below the national rate which is a positive sign.
- Unemployment in the market is 220 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) declined in January versus prior month by -3.5% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.0%. Key sectors include:
- Transportation & Utilities: 12,700; -100
- Government: 12,700; -300
- Education & Healthcare: 9,200; +100
- Restaurants & Hotels: 6,300; -200
- Manufacturing: 5,500; no change
- Business Services: 4,100; no change
- Construction, Mining: 2,900; -100
- 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 January 2021 (Data published March 2021 and reports created on March 25, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.