Overall unemployment rate moved up to 4.5% with the biggest shift in Transportation & Utilities, which lost 600 roles, based on the most recently available information published in March 2023.
Total employment in the Texarkana, TX-AR market declined by 2,147 jobs in January and the unemployment rate increased compared to the prior month by 90 bps to 4.5%. The national unemployment rate increased by 60 bps over the same time to 3.9%.
- Texarkana, TX-AR unemployment rate is 64 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 January versus prior month by 15.7% 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: 12,800; -600
- Government: 12,400; -300
- Education & Healthcare: 9,400; no change
- Restaurants & Hotels: 6,800; -100
- Manufacturing: 5,900; no change
- Business Services: 4,000; -100
- Construction, Mining: 3,000; -100
- 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 January 2023 (Data published March 2023 and reports created on March 17, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.