Arkansas’s unemployment numbers are up again according to a release from the Department of Workforce Services on Friday, October 22, 2010. The release showed that unemployment in Arkansas is now up to 7.7 percent, which is as high as it has been since Governor Beebe took office 28 years ago.
Last month unemployment in Arkansas was 7.5 percent. The increase translates into 800 jobs lost in the last month and 30,100 jobs lost since September of 2009.
“The governor has repeatedly said in speeches and commercials that his administration has created or announced 25,000 jobs. The fact remains that 9,000 of those jobs were retained rather than new jobs. Of the remaining 16,000 ‘announced jobs’ from the AEDC report many have not come to fruition or the companies have actually laid off employees,” said Republican nominee for governor Jim Keet.
Arkansas continues to rank 49th in median income and 24 of 75 counties in Arkansas did not have one job created or announced. Despite the governors claims of 25,000 jobs; Arkansas has lost 45,000 private sector jobs in the last four years and 30,100 in the last year. At the same time, over 3,500 state jobs have been added.
“We must attack this problem at its roots, new government policies are needed to halt the job loss and create new jobs for Arkansans,” said Keet. “The antiquated tax code must be changed. We rank 40th in business tax climate and our personal income tax is unfair to the middle class. To attract and retain companies of all sizes we must lower the income tax for individuals and businesses and phase out the capital gains tax. A more vibrant economy will result as we retain capital which currently flees our state. We also need to reduce burdensome regulations and make Arkansas more business friendly for businesses of all sizes. According to the Chamber of Commerce we rank 39th in business friendliness, this must change.”