LotsCap

Economy Profile

Miller County

  • Arkansas State
  • October, 2024
TSAC-CFD-05091

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 1657263
AVG Real Growth (2017-2022)
-0.32 %
Unemployment Rate (May, 2024)
4.3 %
Labor Force Size
19265
Number of Businesses
903
Average Annual Wage
$ 49002

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 1657263
GDP Per Capita
$ 38828
GDP Growth Rate (2022)
-3.1 %
Average Growth Rate (2017-2022)
-0.32 %
Goods Producing Contribution (%)
32.3%
Service Providing Contribution (%)
57.2%
Goverment Contribution
10.4%
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
19265
Labor Force Growth
0.57%
Unemployment
829
Unemployment Rate
4.3%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
60.8%
Employment Rate (with Bachelor's Degree)
81.7%
Employment Rate (75+ y.o.)
5.3%
Employment Rate (Black)
50.6%
Employment Rate (Female)
56.3%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
903
Number of Employment
12285
Annual Average Wages
$ 49002
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 67821
Service-providing (avg pay)
$ 40318
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 47613
Household Income (Median)
$ 66142
Per Capita Income
$ 26572
Per Capita Income Growth (2010-2022)
35.2 %
Gini Index
0.4820*
Poverty Rate
20.5 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov