Overall unemployment rate moved down to 4.9% with the biggest shift in Restaurants & Hotels, which gained 200 roles, based on the most recently available information published in April 2022.
Total employment in the Texarkana, TX-AR market rose by 939 jobs in February and the unemployment rate decreased compared to the prior month by 10 bps to 4.9%. The national unemployment rate decreased by 28 bps over the same time to 4.1%.
- Texarkana, TX-AR unemployment rate is 76 bps above the national rate which is a negative sign.
- Unemployment in the market is 210 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in February versus prior month by -5.2% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.0% . Key sectors include:
- Transportation & Utilities: 13,200; +100
- Government: 12,600; +100
- Education & Healthcare: 9,200; +100
- Restaurants & Hotels: 7,400; +200
- Manufacturing: 5,800; no change
- Business Services: 4,600; +100
- Construction, Mining: 2,900; no change
- Financial Services: 2,300; no change
- Other Jobs: 1,900; no change
- IT & Development: 300; no change
Data is based on the most recent 12 months available, through February 2022 (Data published April 2022 and reports created on April 6, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.