Overall unemployment rate moved down to 4.5% with the biggest shift in Restaurants & Hotels, which lost 200 roles, based on the most recently available information published in September 2022.
Total employment in the Texarkana, TX-AR market declined by 384 jobs in August and the unemployment rate decreased compared to the prior month by 30 bps to 4.5%. The national unemployment rate stayed flat over the same time period at 3.8%.
- Texarkana, TX-AR unemployment rate is 71 bps above the national rate which is a negative sign.
- Unemployment in the market is 70 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 7.9% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs stayed flat. Key sectors include:
- Transportation & Utilities: 13,200; no change
- Government: 11,700; +200
- Education & Healthcare: 9,600; +100
- Restaurants & Hotels: 7,700; -200
- Manufacturing: 6,000; no change
- Business Services: 4,700; no change
- Construction, Mining: 3,000; -100
- Financial Services: 2,300; no change
- Other Jobs: 2,000; no change
- IT & Development: 300; no change
Data is based on the most recent 12 months available, through August 2022 (Data published September 2022 and reports created on September 28, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.