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Economy Profile

Lawrence County

  • Arkansas State
  • October, 2024
TSAC-CFD-05075

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 567169
AVG Real Growth (2017-2022)
0.02 %
Unemployment Rate (May, 2024)
4.3 %
Labor Force Size
6560
Number of Businesses
396
Average Annual Wage
$ 41638

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 567169
GDP Per Capita
$ 34886
GDP Growth Rate (2022)
4.3 %
Average Growth Rate (2017-2022)
0.02 %
Goods Producing Contribution (%)
24.9%
Service Providing Contribution (%)
60.4%
Goverment Contribution
14.7%
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
6560
Labor Force Growth
0.21%
Unemployment
279
Unemployment Rate
4.3%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
63.4%
Employment Rate (with Bachelor's Degree)
84.8%
Employment Rate (75+ y.o.)
4.9%
Employment Rate (Black)
36.8%
Employment Rate (Female)
55.9%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
396
Number of Employment
4047
Annual Average Wages
$ 41638
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 55239
Service-providing (avg pay)
$ 38230
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 43606
Household Income (Median)
$ 62355
Per Capita Income
$ 25301
Per Capita Income Growth (2010-2022)
66.8 %
Gini Index
0.4590*
Poverty Rate
17.8 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov