Overall unemployment rate moved down to 4.4% with the biggest shift in Transportation & Utilities, which lost 200 roles, based on the most recently available information published in April 2023.
Total employment in the Texarkana, TX-AR market rose by 438 jobs in February and the unemployment rate decreased compared to the prior month by 10 bps to 4.4%. The national unemployment rate increased by 3 bps over the same time to 3.9%.
- Texarkana, TX-AR unemployment rate is 51 bps above the national rate which is a negative sign.
- Unemployment in the market is 50 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in February versus prior month by 20% 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:
- Transportation & Utilities: 12,700; -200
- Government: 12,600; +200
- Education & Healthcare: 9,400; no change
- Restaurants & Hotels: 6,900; +100
- Manufacturing: 5,900; no change
- Business Services: 4,000; no change
- Construction, Mining: 3,000; no change
- Financial Services: 2,400; no change
- Other Jobs: 2,200; no change
- IT & Development: 400; no change
Data is based on the most recent 12 months available, through February 2023 (Data published April 2023 and reports created on April 10, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.