Kathy DeckWrong Kathy Deck?
Director of the Center for Busine...
University of Arkansas
222 Health Center600 Razorback Road
Fayetteville , Arkansas 72701
Company Description: University of Arkansas is home to the RFID Research Laboratory, an EPCGlobal-accredited Performance Test Center.
According to the state Department of Workforce Services, nearly all of Arkansas' workforce investment areas saw decreasing populations in 2013. That resulted in the state's labor force and employment decreasing between 2012 and 2013, at 18,100 and 17,600 respectively.
"I know labor force participation rate in Arkansas is a little lower because of demographics - in the sense that the population is a little older than in older states.
That is why there is a steeper decline here relative to the rest of the nation,"
On the positive side, however, the shrinking labor market has not equated to less worker productivity.
Prices are going in the right direction, but they have not fully recovered to the peak year values, according to Kathy Deck, director for the Center for Business and Economic Research at the University of Arkansas.
"What we have is a balanced market, even in light of all the new construction going up in the past year or so.