By The Numbers: October 2023

Civilian Labor Force

August

Not Seasonally Adjusted

U.S.168,049,000
Arkansas1,395,313
Conway35,501
Faulkner County64,457

Unemployment Rate

August

Not Seasonally Adjusted

U.S.3.9%
Arkansas3.3%
Conway2.9%
Faulkner County2.9%

Sales & Use Tax Collections

September

2023*$3.083 million
2022$3.213 million
Percent Change-4.05%
*Tax Rate changed from 2.125% to 1.75% on April 1

Restaurant Sales Tax Collections

August

2023$478,435
2022$489,188
Percent Change-2.2%

Hotel Sales Tax Collections

August

2023$49,584
2022$42,732
Percent Change16.03%

Single Family Home Permits

September (YTD)

2023157
2022235
Percent Change-33.19%

Single Family Homes Sold

September (YTD)

2023787
20221,045
Percent Change-24.69%

Single Family Home Sales

September (YTD)

2023$212.123 million
2022$262.406 million
Percent Change-19.16%

Median Single Family Home Price

September (YTD)

2023$226,550
2022$220,886
Percent Change2.56%

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