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Economy Profile

Howard County

  • Arkansas State
  • October, 2024
TSAC-CFD-05061

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 806560
AVG Real Growth (2017-2022)
0.44 %
Unemployment Rate (May, 2024)
4.2 %
Labor Force Size
4928
Number of Businesses
350
Average Annual Wage
$ 41027

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 806560
GDP Per Capita
$ 63116
GDP Growth Rate (2022)
3.2 %
Average Growth Rate (2017-2022)
0.44 %
Goods Producing Contribution (%)
59.9%
Service Providing Contribution (%)
32.4%
Goverment Contribution
7.8%
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
4928
Labor Force Growth
-8.38%
Unemployment
206
Unemployment Rate
4.2%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
68.6%
Employment Rate (with Bachelor's Degree)
85.8%
Employment Rate (75+ y.o.)
10.1%
Employment Rate (Black)
51.6%
Employment Rate (Female)
63%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
350
Number of Employment
6338
Annual Average Wages
$ 41027
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 42668
Service-providing (avg pay)
$ 39300
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 44824
Household Income (Median)
$ 61924
Per Capita Income
$ 25458
Per Capita Income Growth (2010-2022)
39.8 %
Gini Index
0.4513*
Poverty Rate
18.3 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov