Overall unemployment rate moved down to 4.2% with the biggest shift in Transportation & Utilities, which gained 300 roles, based on the most recently available information published in December 2021.
Total employment in the Texarkana, TX-AR market rose by 536 jobs in November and the unemployment rate decreased compared to the prior month by 10 bps to 4.2%. The national unemployment rate decreased by 37 bps over the same time to 3.9%.
- Texarkana, TX-AR unemployment rate is 31 bps above the national rate which is a negative sign.
- Unemployment in the market is 190 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in November versus prior month by 6.5% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.9% . Key sectors include:
- Transportation & Utilities: 13,200; +300
- Government: 13,000; no change
- Education & Healthcare: 8,900; +100
- Restaurants & Hotels: 6,600; +100
- Manufacturing: 5,700; +100
- Business Services: 4,400; no change
- Construction, Mining: 3,000; -100
- Financial Services: 2,100; no change
- Other Jobs: 1,900; no change
- IT & Development: 200; no change
Data is based on the most recent 12 months available, through November 2021 (Data published December 2021 and reports created on January 6, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.