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‘The Compass Report’ — positives emerge in Fort Smith area economy

By: 27 May 2011 No Comment

First quarter 2011 economic conditions were mostly unchanged compared to the 2010 period, but sales tax gains and improving employment figures indicate improving momentum.

According to The Compass Report, economic conditions in the first quarter of 2011 garnered a “C-” grade. The grade means that relative to the region’s historic economic performance, the first quarter of 2011 saw no measurable economic improvement compared to the same period in previous years.

The good news is that the first quarter 2011 The Compass Report is up from the C-/D+ grade the regional economy had in the fourth quarter of 2010.

Employment figures, which have struggled to improve even when other state metro areas have seen clear gains, finally began to stabilize during the first quarter.

Locally, year-on-year tax collections at the county level continue to indicate improving retail activity (consumer confidence). However, the first quarter figures represents a continuance of the weak upward trend that emerged during the fourth quarter of 2010.

The Compass Report was released Wednesday by The City Wire.

About: Ethan C. Nobles:
Benton resident. Rogue journalist. Recovering attorney. Email = Ethan@FirstArkansasNews.net.

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