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Economy Profile

Jefferson County

  • Arkansas State
  • October, 2024
TSAC-CFD-05069

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 3585520
AVG Real Growth (2017-2022)
-1.42 %
Unemployment Rate (May, 2024)
5.7 %
Labor Force Size
26007
Number of Businesses
1739
Average Annual Wage
$ 50535

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 3585520
GDP Per Capita
$ 53568
GDP Growth Rate (2022)
-2.9 %
Average Growth Rate (2017-2022)
-1.42 %
Goods Producing Contribution (%)
22.6%
Service Providing Contribution (%)
58.7%
Goverment Contribution
18.8%
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
26007
Labor Force Growth
1.41%
Unemployment
1495
Unemployment Rate
5.7%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
59.9%
Employment Rate (with Bachelor's Degree)
81.6%
Employment Rate (75+ y.o.)
4.4%
Employment Rate (Black)
49.1%
Employment Rate (Female)
65.1%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
1739
Number of Employment
25848
Annual Average Wages
$ 50535
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 67092
Service-providing (avg pay)
$ 44032
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 46855
Household Income (Median)
$ 64705
Per Capita Income
$ 24571
Per Capita Income Growth (2010-2022)
31.5 %
Gini Index
0.4686*
Poverty Rate
19.5 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov