LotsCap

Economy Profile

Cross County

  • Arkansas State
  • October, 2024
TSAC-CFD-05037

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 525842
AVG Real Growth (2017-2022)
-1.68 %
Unemployment Rate (May, 2024)
4.3 %
Labor Force Size
6993
Number of Businesses
462
Average Annual Wage
$ 39824

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 525842
GDP Per Capita
$ 31250
GDP Growth Rate (2022)
-7.3 %
Average Growth Rate (2017-2022)
-1.68 %
Goods Producing Contribution (%)
18.5%
Service Providing Contribution (%)
65.5%
Goverment Contribution
16%
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
6993
Labor Force Growth
0.24%
Unemployment
303
Unemployment Rate
4.3%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
70.5%
Employment Rate (with Bachelor's Degree)
89%
Employment Rate (75+ y.o.)
4.9%
Employment Rate (Black)
55.4%
Employment Rate (Female)
65.7%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
462
Number of Employment
4688
Annual Average Wages
$ 39824
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 38380
Service-providing (avg pay)
$ 39270
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 48129
Household Income (Median)
$ 68838
Per Capita Income
$ 27776
Per Capita Income Growth (2010-2022)
52.2 %
Gini Index
0.4748*
Poverty Rate
20.2 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov