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November 17, 2017

Arkansas Unemployment Rate Rises to 3.5 Percent


Arkansas Unemployment Rate Rises to 3.5 Percent

Arkansas’ unemployment rate in August increased one-tenth of a percentage point to 3.5 percent.  The Arkansas Department of Workforce Services…


Arkansas’ unemployment rate in August increased one-tenth of a percentage point to 3.5 percent. 

The Arkansas Department of Workforce Services released the data, produced by the U.S. Department of Labor’s Bureau of Labor Statistics, on Friday.

“The movement in the jobless rate mirrored the trend seen at the national level,” BLS Program Operations Manager Susan Price said in a news release.

The state Department of Workforce Services said Arkansas’ civilian labor force rose by 3,272, the result of 2,038 more employed, but with 1,234 more Arkansans unemployed. In August, the U.S. jobless rate stood at 4.4 percent, up one-tenth of a percentage point from July but down five-tenths of a percentage point from August 2016.

Compared to August 2016, nonfarm payroll jobs in Arkansas are up by 22,500. Seven major industry sectors added jobs, with four adding 3,300 or more jobs each. Employment in four sectors declined.

Jobs in educational and health services rose by 6,600, in health care and social assistance and educational services.

Employment in professional and business services increased by 5,100. Administrative and support services, a subsector that includes employment agencies, saw the biggest rise.

Jobs in leisure and hospitality rose by 4,600, largely in food services. 

Manufacturing added 3,300 jobs. Nondurable goods accounted for all of those gains.

Other services added 1,800 jobs. Trade, transportation and utilities added 1,700, and construction added 1,600. 

Government reported the largest decline, down 1,500 jobs. The other sectors with declining employment were information, down 300; financial activities, down 300; and mining and logging, down 100.


Source: Arkansas Business Arkansas Unemployment Rate Rises to 3.5 Percent

Arkansas Unemployment Rate Rises to 3.5 Percent

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