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Fed report: Arkansas’ economic expansion continued in December | Northwest Arkansas Democrat-Gazette

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Fed report: Arkansas’ economic expansion continued in December | Northwest Arkansas Democrat-Gazette


Arkansas’ economic expansion continued in the last months of 2024 and positions the state to continue building momentum as the year opens, according to a regional economic analysis released Wednesday.

Nevertheless, rising prices could hinder growth and business executives are worried about persisting inflation and the potential economic hurdles that tariff increases could create. Christmas holiday sales were uplifting, coming in better than expected and brightening the outlook for 2025.

Sales were helped by a late Thanksgiving that fueled a spending spree and delivered a kickstart to the year, the Federal Reserve Bank reported Wednesday in its Beige Book economic analysis. The report covers 12 regional districts, including Arkansas and surrounding states in the St. Louis district.

“Retailers in our district indicated that December sales were stronger than in previous years,” Charles Gascon, the Fed economist for the Arkansas region, said Wednesday.

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Arkansas Governor joins national A.I. workforce initiative

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Arkansas Governor joins national A.I. workforce initiative


Governor Sarah Huckabee Sanders has joined a new national artificial intelligence initiative that launched Thursday, June 25.

RAISE US, started by former Governor Eric Holcomb of Indiana and Gina Raimondo, former U.S. Secretary of Commerce is a nonpartisan national organization that will partner with governors, employers, workers and training organizations to help the workforce transition to an AI economy.

“As artificial intelligence transforms America’s economy, we have one clear message: technology should empower people, not replace them. By leveraging our Arkansas LAUNCH initiative, and with the resources and expertise provided by RAISE US, Arkansas will turn that mission into reality. We want the Natural State to be a leader on education, workforce training, and up-skilling, and this new partnership gives us the tools we need to build a model for the entire nation.”

The organization will design and pilot incentives to retrain workers, new approaches to support job transitions, and training models tied to employer demand.

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RAISE US launches with more than two dozen American companies and philanthropies and initial state partnerships in Connecticut, Maryland and Utah.

“America has a technology strategy for leading the global AI competition. It does not yet have a people strategy — and we cannot lead without one,” Raimondo, who will serve as CEO of RAISE US, said.

“If we build the best AI systems in the world and leave millions of Americans behind, we won’t have won anything; we’ll have automated our own decline. I believe AI will create new jobs and industries over time, but the transition could be disruptive, and it’s already underway. We shouldn’t fearmonger, but we can’t pretend our training and worker support systems are ready either. It’s time for innovative and practical solutions. This moment demands ambition, urgency, and creativity. We’ve assembled the country’s top companies, best economists, and bipartisan governors at a scale rarely seen — all to advance new ideas and incentives, pilot them with governors and business, and scale what works.”

Governor Sanders is partnering with RAISE US to support Arkansas LAUNCH, an AI-powered career navigation platform that connects students and jobseekers to personalized learning and employer-linked career pathways.



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Get to know: Arkansas DB commitment John Catlin | Whole Hog Sports

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Get to know: Arkansas DB commitment John Catlin | Whole Hog Sports





Get to know: Arkansas DB commitment John Catlin | Whole Hog Sports







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Arkansas basketball stars Meleek Thomas, Trevon Brazile selected in NBA Draft second round | Whole Hog Sports

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Arkansas basketball stars Meleek Thomas, Trevon Brazile selected in NBA Draft second round | Whole Hog Sports





Arkansas basketball stars Meleek Thomas, Trevon Brazile selected in NBA Draft second round | Whole Hog Sports







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