Overall unemployment rate moved down to 4.0% with the biggest shift in Government, which lost 200 roles, based on the most recently available information published in May 2023.
Total employment in the Texarkana, TX-AR market rose by 390 jobs in March and the unemployment rate decreased compared to the prior month by 40 bps to 4.0%. The national unemployment rate decreased by 27 bps over the same time to 3.6%.
- Texarkana, TX-AR unemployment rate is 38 bps above the national rate which is a negative sign.
- Unemployment in the market is 20 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in March versus prior month by 19.5% and are down 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: 12,800; +100
- Government: 12,400; -200
- Education & Healthcare: 9,400; no change
- Restaurants & Hotels: 6,900; no change
- Manufacturing: 6,000; +100
- Business Services: 4,000; no change
- Construction, Mining: 3,100; +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 March 2023 (Data published May 2023 and reports created on May 9,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.