Overall unemployment rate moved down to 4.1% with the biggest shift in Government, which lost 100 roles, based on the most recently available information published in April 2022.
Total employment in the Texarkana, TX-AR market rose by 180 jobs in March and the unemployment rate decreased compared to the prior month by 80 bps to 4.1%. The national unemployment rate decreased by 39 bps over the same time to 3.8%.
- Texarkana, TX-AR unemployment rate is 35 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 March versus prior month by -6.2% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.2%. Key sectors include:
- Transportation & Utilities: 13,200; no change
- Government: 12,500; -100
- Education & Healthcare: 9,200; no change
- Restaurants & Hotels: 7,400; no change
- Manufacturing: 5,800; no change
- Business Services: 4,600; no change
- 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 March 2022 (Data published April 2022 and reports created on April 27, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.