LotsCap

Economy Profile

Craighead County

  • Arkansas State
  • October, 2024
TSAC-CFD-05031

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 6307054
AVG Real Growth (2017-2022)
3.1 %
Unemployment Rate (May, 2024)
3.4 %
Labor Force Size
60257
Number of Businesses
3009
Average Annual Wage
$ 50546

Economy Structure

Population & Household section gives reader an outlook. of general population profile, structure, and outlook.

GDP

GDP (2022, Thousands)
$ 6307054
GDP Per Capita
$ 56801
GDP Growth Rate (2022)
-1.4 %
Average Growth Rate (2017-2022)
3.1 %
Goods Producing Contribution (%)
20.2%
Service Providing Contribution (%)
69%
Goverment Contribution
10.8%
GDP Historical Growth Rate
Source: Bureau of Economic Analysis | CAGDP2, CAGDP11
GDP by Sectors
Source: Bureau of Economic Analysis | CAGDP2, CAGDP11
GDP Growth by Sectors
Source: Bureau of Economic Analysis | CAGDP11

Monthly Employment

Total Labor Force
60257
Labor Force Growth
2.97%
Unemployment
2041
Unemployment Rate
3.4%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
73.1%
Employment Rate (with Bachelor's Degree)
87.5%
Employment Rate (75+ y.o.)
7.9%
Employment Rate (Black)
58.2%
Employment Rate (Female)
69.6%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
3009
Number of Employment
54001
Annual Average Wages
$ 50546
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 58308
Service-providing (avg pay)
$ 48309
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 55169
Household Income (Median)
$ 80561
Per Capita Income
$ 31298
Per Capita Income Growth (2010-2022)
44 %
Gini Index
0.4934*
Poverty Rate
19.1 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov