LotsCap

Economy Profile

Jackson County

  • Arkansas State
  • October, 2024
TSAC-CFD-05067

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 925938
AVG Real Growth (2017-2022)
2.46 %
Unemployment Rate (May, 2024)
5.1 %
Labor Force Size
5387
Number of Businesses
421
Average Annual Wage
$ 47887

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 925938
GDP Per Capita
$ 55168
GDP Growth Rate (2022)
6.1 %
Average Growth Rate (2017-2022)
2.46 %
Goods Producing Contribution (%)
51.8%
Service Providing Contribution (%)
37%
Goverment Contribution
11.2%
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
5387
Labor Force Growth
-1.68%
Unemployment
273
Unemployment Rate
5.1%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
49.8%
Employment Rate (with Bachelor's Degree)
82.5%
Employment Rate (75+ y.o.)
7.3%
Employment Rate (Black)
32.8%
Employment Rate (Female)
41.7%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
421
Number of Employment
5069
Annual Average Wages
$ 47887
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 58396
Service-providing (avg pay)
$ 45244
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 41929
Household Income (Median)
$ 57912
Per Capita Income
$ 23048
Per Capita Income Growth (2010-2022)
55 %
Gini Index
0.4721*
Poverty Rate
20.4 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov