Overall unemployment rate moved up to 5.0% with the biggest shift in Transportation & Utilities, which lost 500 roles, based on the most recently available information published in March 2022.
Total employment in the Texarkana, TX-AR market declined by 1,174 jobs in January and the unemployment rate increased compared to the prior month by 90 bps to 5.0%. The national unemployment rate increased by 74 bps over the same time to 4.4%.
- Texarkana, TX-AR unemployment rate is 57 bps above the national rate which is a negative sign.
- Unemployment in the market is 160 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in January versus prior month by -0.4% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -2.0%. Key sectors include:
- Transportation & Utilities: 13,100; -500
- Government: 12,400; -200
- Education & Healthcare: 9,000; -100
- Restaurants & Hotels: 7,200; -200
- Manufacturing: 5,800; no change
- Business Services: 4,500; -100
- Construction, Mining: 2,800; -100
- 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 January 2022 (Data published March 2022 and reports created on March 18, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.