Second quarter 2012 economic conditions in the Northwest Arkansas metro area were slightly improved compared to the second quarter of 2011. Ongoing job growth and consistent gains in area sales tax collections are signs of the strong metro economy.
The Compass Report is the only independent economic analysis of Arkansas’ top three metro areas (Central Arkansas, Northwest Arkansas, Fort Smith region). The report measures four leading and four current economic indicators to provide a grade for a regional economy.
A key factor in understanding The Compass is in understanding the “grading” approach used to measure the current and leading economic indicators. The strategy is to place the most recent data in historical context. Average values for the percent change over the referenced time period were calculated, as were standard deviations for each measure.