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    Arkansas Business: Hiring rise bring stocks up on Wall Street

    7:26 AM, Mar 8, 2013   |    comments
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    LITTLE ROCK, Ark. (Arkansas Business) -- The Dow's streak continued into Thursday, the fifth straight day of gains and a third day of a new record high.

    Hiring on the rise

    The catalyst for yesterday's run was more evidence that hiring is picking up.

    The Labor Department yesterday reporting that the number of Americans seeking unemployment aid fell by 7,000 last week, driving the four-week average to its lowest in five years.

    The drop was a positive sign ahead of today's national employment report for February, due out in less than an hour.

    Economists expect the government to say that employers added 152,000 jobs in February, lowering the unemployment rate from 7.9 percent to 7.8 percent.

    Arkansas home sales for January released

    Here in Arkansas, the latest on home sales for the month of January.

    The Arkansas Realtors Association said home sales were up 11 percent that month, while the average price of those homes sold declined by 2.6 percent.

    The average price of the homes sold in the 43-county area surveyed by the association decreased by less than $4,000 to $144,471 in January 2013.

    Statewide valuations in January rose by more than 8 percent from last year.

    Arkansas Business list of top-revenue-producing restaurants

    And finally, Arkansas Business this week presenting its annual lists of top-revenue-producing restaurants in Little Rock and North Little Rock.

     

     

     

     

     

    On Wednesday, we noted Golden Corral had once again landed at No. 1 among top-revenue producing restaurants in North Little Rock.

    Today, we've got the top five most lucrative restaurants in Little Rock.

    At No. 5, is Red Lobster on West Markham Street, with $3.9 million in revenue.

    No. 4 is Olive Garden on North Rodney Parham Road, at $4.2 million.

    No. 3 is Chick-fil-A on West Markham Street, at $4.3 million.

    No. 2 is Cheddar's Casual Cafe at South University Avenue, at $4.7 million.

    And the No. 1 top revenue-producing restaurant in Little Rock is HMSHost at the Bill and Hillary Clinton National Airport, at $4.7 million.

    HMSHost handles restaurants and concessions inside the Clinton National Airport.

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