The May 2011 Numbers by the Wire report show improvements in area sales and hospitality tax collections, albeit at a slow pace thanks to the negative effect of higher fuel prices on consumer spending. The unemployment rate fell, but area home sales continue to show weakness compared to 2010.
The May report also reflects continued improvements in statewide tax collections.
Numbers by the Wire — a component of The Compass Report — is a monthly report presented electronically as a two-page PDF on nine key sets of local, state and federal economic data.
Funded and managed by The City Wire and presented by Benefit Bank, The Compass Report is a quarterly regional economic report with data collection and analysis handled by Jeff Collins, a nationally known economist based in Springdale and co-founder of Streetsmart Data Services. Cox Communications and the Fort Smith Regional Chamber of Commerce also help sponsor the report.
Link here for the May 2011 edition (PDF) of Numbers by the Wire.