Economy Profile

Jackson County

TSAC-CFD-05067

Snapshot

-

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

Jackson County, Arkansas, exhibits a notable economic profile with an annual GDP of approximately 926 million dollars and a GDP per capita of about 55,168 dollars. The county's GDP growth rate of 6.1% over the last year significantly outpaces the state average of 1.3% and the national rate of 1.9%, indicating a robust local economy. A striking feature of Jackson County is its high goods-producing GDP contribution of 51.8%, which is substantially above the state’s 22% and reflects a strong manufacturing or agricultural base. In comparison to other counties in Arkansas, Jackson County's growth rate and goods-producing sector prominence position it favorably, suggesting potential for continued economic development and resilience against broader economic trends.

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

Jackson County, AR, exhibits significant challenges in employment compared to both state and national averages. With an employment rate of just 49.8% for individuals aged 20-64, it falls well below Arkansas's average of 69.3% and the national rate of 73.8%. The county's employment rate for high school graduates is particularly concerning at 39.9%, starkly lower than the state (63.4%) and national (67.9%) figures. While the employment rate for those with a Bachelor's degree is relatively strong at 82.5%, the overall low employment rates, especially among Black residents (32.8%) and females (41.7%), highlight systemic issues. In comparison to nearby counties like Pulaski (72.3%) and Benton (79%), Jackson County's economic landscape suggests a need for targeted interventions to improve job opportunities and workforce participation.

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

Jackson County, AR, exhibits significant economic challenges compared to both state and national averages. With a mean household income of $41,929 and a median household income of $57,912, it falls well below Arkansas's state averages of $56,335 and $79,592, respectively. The county's income per capita of $23,048 is also notably lower than the state’s $31,868. Furthermore, Jackson County has a high percentage of households earning less than $20,000 (24.8%), which is considerably higher than the state average of 16.3%. This economic disparity highlights the county's struggle with income inequality, reflected in its Gini index of 0.4721, which is slightly better than the state’s 0.4821 but still indicates a significant level of income inequality. Overall, Jackson County's economic indicators suggest a need for targeted interventions to improve income levels and reduce poverty.

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