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Arkansas job growth up 1.9% in January

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Little Rock, Arkansas – Between January 2021 and 2022, Arkansas added more than 24,000 jobs, and the jobless rate fell to 3.2% in January from 4.9% in January 2021, but growth in the state’s labor force remains well below pre-pandemic levels.

According to the U.S. Bureau of Labor Statistics report posted Monday (March 14), during January, the number of employed in Arkansas was an estimated 1,292,292, up 24,045 jobs, or 1.9%, compared with January 2021, and above the 1,287,166 in December. The January numbers are preliminary and subject to revision.

According to Arkansas’ labor force, the number of people eligible to work, was 1,334,885 in January, up a scant 1,825 compared with January 2021, and above the 1,330,743 in December.

However, the labor force has 34,333 fewer participants than the pre-pandemic January 2020.

Recent labor data revisions show the state’s labor force issues are still significant, Chief economist and state economic forecaster at the Institute for Economic Advancement at the University of Arkansas at Little Rock, Michael Pakko said on March 3.

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