LotsCap

Economy Profile

Clay County

  • Arkansas State
  • October, 2024
TSAC-CFD-05021

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 454189
AVG Real Growth (2017-2022)
0.58 %
Unemployment Rate (May, 2024)
4.6 %
Labor Force Size
5401
Number of Businesses
357
Average Annual Wage
$ 41865

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 454189
GDP Per Capita
$ 31244
GDP Growth Rate (2022)
-6.8 %
Average Growth Rate (2017-2022)
0.58 %
Goods Producing Contribution (%)
19.6%
Service Providing Contribution (%)
65.7%
Goverment Contribution
14.8%
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
5401
Labor Force Growth
-1.3%
Unemployment
246
Unemployment Rate
4.6%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
69.5%
Employment Rate (with Bachelor's Degree)
82.5%
Employment Rate (75+ y.o.)
11.9%
Employment Rate (Black)
83.8%
Employment Rate (Female)
67.2%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
357
Number of Employment
3079
Annual Average Wages
$ 41865
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 42706
Service-providing (avg pay)
$ 42509
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 44685
Household Income (Median)
$ 61486
Per Capita Income
$ 26554
Per Capita Income Growth (2010-2022)
40.6 %
Gini Index
0.4523*
Poverty Rate
19.4 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov