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Unemployment rate increases in Arkansas

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Little Rock, Arkansas – On Friday The Arkansas Division of Workforce Services released unemployment numbers for July. The employment rate went from 3.2 percent in June to 3.3 in July, according to data produced by the U.S. Department of Labor, Bureau of Labor Statistics. The summary also included that Arkansas’ civilian labor force increased by 1,048, a result of 1,084 more unemployed and 36 fewer employed Arkansans.

Compared to July 2021, 33,357 more Arkansans are employed, and labor force participation rates increased by a percentage point. Arkansas jobs declined by 2,900 in July to a total of 1,312,200. A nonfarm payroll job summary was also given in Friday’s release.

With seasonal declines being reported in both local government and state government-education services respectively, jobs in government fell by 10,800. This is due to summer breaks at universities and public schools.

With hiring occurring in health care and social assistance, education and health services added 2,600 jobs. This was offset by 400 seasonal losses in education services and jobs in leisure and hospitality increased by 1,900. Manufacturing employment rose to 1,100, with 800 being in nondurable goods manufacturing.

Nonfarm payroll jobs in Arkansas are up 43,600 having eight major industry sectors reporting annual growth. Five of those sectors added 5,700 or more to each job. Trade, transportation, and utilities added 12,800 jobs having all gains in transportation-warehousing, utilities, and wholesale. Education and health service jobs rose by 7,400. Expansions happened in both health and social assistance 4,400 jobs were added and 3,000 were in educational services.

Jobs in manufacturing increased by 7,000, with hiring in both subsectors. Leisure and hospitality rose by 6,600, mostly in accommodation and food services. Professional and business services added 5,700 jobs.

Expansions occurred in the management of companies with 6,200 jobs added and professional-scientific-technical services adding 1,200, offsetting declines in administrative and support services.

 

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