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The Compass Report shows that Arkansas’ economy ‘remains in an expansion’ – Talk Business & Politics

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The Compass Report shows that Arkansas’ economy ‘remains in an expansion’ – Talk Business & Politics


Arkansas’ economy in the second quarter of 2024 continued to see substantial gains in non-farm employment and the construction sector, while manufacturing and hospitality faced employment declines.

According to The Compass Report for the second quarter of 2024 (April-June), Arkansas’ nonfarm employment showed robust growth, with the state gaining 10,000 jobs between April and June, bringing the total to 1,374,000 nonfarm jobs in June 2024, compared to 1,364,000 in June 2023.

Employment remained steady throughout the quarter, with 1,370,000 jobs in April and 1,369,000 in May. This consistent job market growth earned Arkansas an A+ rating for nonfarm employment expansion, with the state continuing to set employment records each quarter.

“Arkansas’ economy continues to add jobs, with growth in nonfarm payroll employment statewide and in all four regions. The economy remains in an expansion, not a recession but rising unemployment rates suggest labor force growth is outpacing jobs creation. Still, no region recorded an unemployment rate greater than 3.9 percent,” said economist Greg Kaza, executive director of the Arkansas Policy Foundation.

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However, the unemployment rate in Arkansas rose once again during the second quarter of 2024, following the upward trend from the first quarter. In June 2024, the unemployment rate stood at 3.3%, compared to 2.6% in June 2023.

“The rise in unemployment persisted throughout the quarter, with the rate increasing to 3.4% in April and May 2024. Despite the state’s job growth, the higher unemployment rate indicated continued challenges in the labor market, earning a D grade for the change in the unemployment rate,” according to analysis from The Compass Report.

The Compass Report is a partnership between the University of Arkansas at Fort Smith (UAFS) and Talk Business & Politics. First National Bank of Fort Smith is a sponsor of the statewide report. Kendall Ross, UAFS associate vice chancellor of Economic and Workforce Development, and Troy Rodriguez, a data analyst in the UAFS Center for Economic Development who helps compile, manage and review the data, are responsible for data collection and written analysis for the report.

Kaza also noted that the construction sector continues to be bright spot.

“Strong growth in the construction sector noted earlier this year continued in the quarter, with significant gains in the Fort Smith region, Northwest Arkansas and the central part of the state. Arkansas construction sector jobs have expanded 31 percent since the last recession ended in April 2020, the highest growth rate in the 12-state southeast region,” Kaza wrote in his analysis.

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Following are other Arkansas economy analysis from The Compass Report.
• June 2024 gross sales and use tax collections reached $358.615 million, up from $347.776 million in June 2023. Similarly, May 2024 collections rose to $357.365 million compared to $314.722 million in May 2023. April also increased to $360.013 million, up from $353.149 million in April 2023.

• Building permit valuations for housing in Arkansas presented a mixed picture during the second quarter. In April 2024, permit valuations jumped to $264.37 million from $191.07 million in April 2023, signaling robust construction activity. May 2024 showed a slight decline, with valuations falling to $246.073 million, compared to $248.99 million in May 2023. The downward trend continued into June, with valuations reaching $267.57 million, down from $306.216 million in June 2023.

• Manufacturing employment continued its downward trend throughout Q2 2024. In June 2024, Arkansas had 162,000 manufacturing jobs, down from 165,300 in June 2023.

• Employment in construction increased to 67,100 jobs in June 2024, up from 63,500 in June 2023. The sector consistently grew across the quarter, with 67,900 jobs in April and 67,600 in May 2024.

• Hospitality employment declined to 128,000 jobs in June 2024, down from 131,500 in June 2023. The industry also saw job losses in April and May 2024 compared to the same period in 2023.

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Link here for the full The Compass Report for the second quarter.



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Arkansas

Brother of North Little Rock mayor winner of record $1.8 billion Powerball Jackpot

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Brother of North Little Rock mayor winner of record .8 billion Powerball Jackpot


NORTH LITTLE ROCK, Ark. —The identity of the winner of Arkansas’ record-setting $1.8 billion Powerball jackpot has now been confirmed through Arkansas Scholarship Lottery documents, revealing that the prize was claimed by Tracy Hartwick, the brother of North Little Rock Mayor Terry Hartwick.

Lottery records show Tracy Hartwick claimed the jackpot in January after purchasing the winning ticket in Cabot. After electing the lump-sum cash option and paying taxes, Hartwick received $565,873,785.82, according to the documents.

The records also show Hartwick signed paperwork to remain anonymous for six months after claiming the prize. Under Arkansas law, that is the maximum amount of time a lottery winner who is related to an elected official can remain anonymous before their identity becomes public.

According to the Arkansas Scholarship Lottery documents, Tracy Hartwick received 94 percent of the after-tax winnings. His brother, Timothy Allen Hartwick, received 3 percent, while another 3 percent was distributed to a third claimant whose name was redacted in the released records.

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The Powerball jackpot, announced by the Arkansas Scholarship Lottery after the winning drawing in late December 2025, remains the largest lottery prize ever won in Arkansas.  The winning ticket was sold at a Murphy USA gas station in Cabot on 208 S. Rockwood Drive.

The revelation of the winner’s identity surprised many across Central Arkansas.

“That’s crazy news but you hear something crazy every day,” said Benjamin Britton.

Others said they understood why Hartwick chose to remain anonymous for as long as the law allowed.

“I think waiting over time and then thinking about it and then coming to claim it would be good,” said Ricky Rhodes.

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The documents show Hartwick waited the full six-month anonymity period before his identity became public.

We reached out to the City of North Little Rock seeking comment from Mayor Terry Hartwick regarding the records. A city spokesperson said the mayor would not be providing interviews or commenting on the matter.

The newly released lottery documents provide the first official confirmation that the record-breaking Powerball prize claimed in Arkansas belongs to the mayor’s brother, ending months of speculation about the identity of the state’s biggest lottery winner.



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AGFC proposes WMA regulation | Arkansas Democrat Gazette

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AGFC proposes WMA regulation | Arkansas Democrat Gazette


To manage hunting traffic at St. Francis Sunken Lands Wildlife Management Area, the Arkansas Game and Fish Commission proposed a permit-only system for the lower portion of the WMA at its monthly committee meetings Wednesday at Little Rock.

The debate over the proposed regulation lasted about an hour. It passed 6-1, with Phillip Tappan of Little Rock dissenting. It’s the first split vote within the commission in years. Tappan did not oppose the idea as a whole or the reasoning behind it. He argued for a slightly different format.

Having passed out of committee, the proposal will be subject to a 30-day comment period, after which the commission will vote to approve or reject the proposal in August.

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Randy Zellers, assistant chief of communications for the Arkansas Game and Fish Commission, said the proposal would establish permit-only waterfowl hunting on about 1,000-acres of tupelo and cypress forest along the St. Francis River. The 4.6-mile section is on the southernmost part of the WMA, which is more than 30 miles long. If the commission approves the regulation as currently worded, the permits will be awarded weekly through a random, online drawing. The format is similar to the one used at Steve N. Wilson Raft Creek WMA.

Doug Schoenrock, the Game and Fish Commission’s director, said the proposed regulation will create 20-25 public “markers” or hunting spots. A successful applicant may bring as many as three companions, with a maximum of four in a hunting party. A permit will be good for one day only. Schoenrock said this will eliminate one group of hunters monopolizing a hunting spot for multiple days.

There will also be a 150-yard buffer between the markers to avoid conflicts. Private landowners will not be required to have a permit to hunt on private land adjoining the WMA.

The most vigorous debate centered on whether hunting should be allowed for seven days or four days. Tappan advocated reserving four days per week for hunting and suspending hunting for three days to allow ducks to rest. The other six commissioners demurred, saying they did not want to reduce hunting opportunity. Tappan felt strongly enough about creating a rest period for ducks that he voted against the proposal.

Zellers said commissioners want to know if hunters prefer having rest days each week — Monday, Wednesday and Friday, which he said is consistent with other waterfowl hunting areas where hunting is allocated by permits only.

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“Permits will be for marked locations within the unit.” Zellers said. “Permit winners will be able to bring three hunting companions on their designated hunt day. Permit winners and their guests must remain on public land within 150 yards of their designated location. The exact number of locations has not been finalized, but will be based on safety and consideration to distance from area boundaries and private land. Traditionally popular locations within the unit will be prioritized for inclusion in the draw.”

Hunters will be able to apply for a single day of the weekend, from Thursday through Sunday two weeks before the week they are applying for.

Knowing the agency’s tumultuous history with hunters in this area, commissioners were extremely cautious about the precise wording of this regulation. In 2012, the commission enraged local hunters in this area when it outlawed private duck blinds in the St. Francis Sunken Lands WMA. Private duck blinds had been long established when the commission, then under the leadership of the late director Loren Hitchcock, banned private property on the state-owned WMA. The action prompted multiple hearings within the Arkansas legislature.

The southernmost portion of the WMA is very popular for its excellent duck hunting. Overcrowding is a chronic issue, Schoenrock said. Separating hunters and allocating opportunity through a randomly-drawn permit system will alleviate overcrowding and provide a more enjoyable hunting experience.

“We’re making it safer and providing more opportunity for people to use it,” Schoenrock said. “The place has been like a Walmart parking lot. We’re talking about 4.6 miles of river on a 30-plus mile WMA. The rest of the WMA will be open seven days a week with no draw on a navigable waterway.”

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Brad Carner, the AGFC’s deputy director, said the drawings will be held weekly, and the first application period will open two weeks before duck season. The drawings will be conducted on Monday mornings, and applicants will be notified by email about the status of their applications.

Despite concerns expressed by some non-hunters and non-anglers, the commission did not discuss its new regulation that requires non-hunters and non-anglers to purchase a $10.50 permit to use wildlife management areas. Zellers said purchases of the new permit will not increase the commission’s apportionment of federal aid dollars.

“If non-hunters and non-anglers want to contribute to the mission, they would help us more if they buy a fishing license for the same price,” Zellers said.

Fishing licenses and hunting licenses contribute to the formula upon which the federal government apportions federal aid dollars for fish and wildlife conservation.

Also, the commission did not discuss a new regulation that eliminated Special Use Area designations from portions of Camp Robinson WMA and Perry Mikles Blue Mountain WMA. These areas were previously reserved for bird dog field trials. Even when field trials were not being held, the public was not allowed to hunt on the SUAs, which totaled about 9,000 acres.

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Zellers said the former SUAs are now subject to the standard wildlife habitat management practices, the most important of which is prescribed burning. Zellers said prescribed burning must be conducted in a narrow time window, and bird dog field trials often conflict with the agency’s prescribed burning schedule.

Zellers said that field trials may still be held at Camp Robinson and Blue Mountain WMAs, but that the commission will no longer manage the areas around field trial activities.



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Rock City Margarita & Arkansas Beer Festivals: An Interview with Organizer Reed Llewellyn

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Rock City Margarita & Arkansas Beer Festivals: An Interview with Organizer Reed Llewellyn


Join us for an exclusive interview with Reed Llewellyn, organizer of the Rock City Margarita Festival and the Great Arkansas Beer Festival. Discover what to expect at this year’s event, including a ‘midway’ experience, over 100 breweries, 25+ restaurants, and unique margarita creations. Learn how to get your tickets before they sell out and hear about the long-standing partnership with Ronald McDonald House. The event is held indoors at the State House Convention Center.



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