TB&P: Craighead County sees sales tax uptick, unemployment rate drop

TB&P: Craighead County sees sales tax uptick, unemployment rate drop

(KAIT/TALK BUSINESS & POLITICS) - Craighead County nearly reached a key milestone in February in two major economic numbers, a county official told content partner Talk Business & Politics.

"I was hoping we'd break that $2 million mark," Craighead County Treasurer Terry McNatt said in describing sales tax collections for the month which were up 2.1%.

The county's sales tax brought in $1.999 million, second only to the $1,999,989 brought in during December 2009.

By contrast, the city of Jonesboro brought in $1.782 million during February, down 1.35% from the same time in 2016. So far this year, the city has brought in $3.2 million in sales tax revenues, up about $62,000 (up 5%) from the same time in 2016, officials said.

As for the unemployment rate, Craighead County had a 3% rate in December, up two-tenths of 1%, according to figures. The rate was nearly a point lower than the rate in January 2016, and the county's unemployment rate is the third lowest in the state behind Benton and Washington counties.

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