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Jefferson County, Arkansas, has an annual GDP of approximately 3.59 billion dollars, with a GDP per capita of about 53,568 dollars. However, the county has experienced a concerning GDP growth rate of -2.9% over the last year and a compound annual growth rate (CAGR) of -1.42% over the past 13 years, indicating a decline in economic performance. In comparison, Arkansas's overall GDP stands at 166 billion dollars, with a per capita GDP of 54,988 dollars and a modest growth rate of 1.3%. Jefferson County's goods-producing sector contributes 22.6% to its GDP, slightly above the state average of 22%, while its service sector lags behind at 58.7%. This trend highlights Jefferson County's economic challenges relative to more prosperous counties like Pulaski and Benton, which have higher GDPs and growth rates, suggesting a need for strategic economic revitalization efforts.
Jefferson County, AR, exhibits a notably low employment rate of 59.9% for individuals aged 20-64, significantly below the state average of 69.3% and the national average of 73.8%. The county's employment rates for high school graduates (54.6%) and Black residents (49.1%) also lag behind state figures (63.4% and 52.1%, respectively). While the employment rate for those with a Bachelor's degree (81.6%) is relatively competitive, it still falls short of the national average of 84.3%. Compared to neighboring counties like Pulaski (72.3%) and Benton (79%), Jefferson County's economic challenges are evident, suggesting a need for targeted workforce development initiatives to enhance employment opportunities and educational attainment within the region.
Jefferson County, AR, exhibits significant economic challenges compared to both state and national averages. With a mean household income of $46,855 and a median household income of $64,705, it falls below Arkansas's state averages of $56,335 and $79,592, respectively. The county's income per capita of $24,571 is notably lower than the state average of $31,868, indicating a higher concentration of lower-income households, as evidenced by 21.5% of households earning less than $20,000. This is the highest percentage among the top counties in Arkansas, suggesting a pressing need for economic development initiatives. In contrast, counties like Benton and Pulaski show significantly higher incomes, highlighting Jefferson County's struggle to keep pace with regional economic growth.