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State economic statistics reviewed | Business

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State economic statistics reviewed
Business, People
State economic statistics reviewed

LITTLE ROCK, Ark. (KTHV) - When reviewing socio-economic status statistics in the state, officials have said that Arkansas overall has some work to do.

Michael Pakko Ph. D., a UALR economist, said that the state as a whole only makes 81 percent of the national per capita income average, but Pulaski County is higher than the national average.

WATCH: Interview with Dr. Michael Pakko (http://on.kthv.com/1gGItCH)

However, problems that officials say need fixing are unemployment rates for minority racial groups.

They say to bridge the gap, educational opportunities need to improve within the state.

"Pulaski County is one of the only two counties in the state that has personal income above the national average. When it comes down to some of the statistics on differences between economic outcomes between blacks and whites in Pulaski County, it really comes down to the differences in educational attainment," said Pakko.

There are still differences in economic outcomes between blacks and whites.

"Whether you are white or black, it tends to be the case that you are a high school graduate, more likely to go to college, more likely to have graduated from college if you live in Pulaski County. There are higher poverty rates among blacks, lower median incomes among blacks, but those too can be traced ultimately to differences in educational attainment," said Pakko.

Pakko said that some of the statistics in the survey may surprise some, but "one way or another, we need to improve and enhance educational opportunities and educational attainment among our citizens."

 

Business, People