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Arkansas tax revenue totaled more than $8.7 billion in the fiscal year ending June 30, with the Arkansas Department of Finance and Administration (DFA) reporting Tuesday (July 2) an annual revenue surplus of $698.4 million.
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The 570,000-square-foot facility will focus on developing, producing and distributing ready-to-drink coffee products.
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Arkansas’ March jobless rate of 3.5% was down from 3.6% in February, but was higher than the 2.8% in March 2023.
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A more than 24% year-over-year increase in Arkansans without jobs and slower pace of job growth helped pushed the state’s February jobless rate to 3.6%.
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Arkansas’ jobless rate rose to 3.7% in January from 3.4% in January 2023 even with year-over-year gains in Education and Health Services and the Construction sectors.
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Tax revenue is down 2% in Arkansas’ fiscal year, with a revised general revenue forecast including an estimated fiscal year-end surplus of $240.5 million.
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Gov. Sarah Huckabee Sanders will travel to Japan and South Korea alongside state economic development officials to try to recruit additional international investment.
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A recent economic report from Metroplan, central Arkansas' regional planning agency, cautions, “If you employ people, do not take them for granted.”
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Despite big job gains in Arkansas’ tourism and construction sectors, the state’s jobless rate in November rose to 3.3% from 3.1% in October.
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A continued rise in the number of Arkansans without jobs pushed the state’s jobless rate from 2.9% in September to 3.1% in October.