Unemployment in Arkansas Unchanged in June

Rate remains stable at 7.3-percent.
LITTLE ROCK, AR (News Release) - Labor force data, produced by the U.S. Department of Labor, Bureau of Labor Statistics and released today by the Department of Workforce Services, show Arkansas’ seasonally adjusted unemployment rate remained steady at 7.3 percent in June. Arkansas’ civilian labor force declined 1,000, a result of 1,700 fewer employed and 700 more unemployed Arkansans. At 7.6 percent, the United States’ jobless rate also remained stable in June.

DWS Communications Director Kimberly Friedman said, “The number of employed declined slightly in June, reducing the size of the civilian labor force. This movement was not enough to affect the unemployment rate, which remained stable at 7.3 percent.”

Arkansas Nonfarm Payroll Job Summary:
Nonfarm payroll jobs in Arkansas decreased 3,100 in June to total 1,189,400. Four major industry sectors posted declines, more than offsetting gains in six sectors. One industry sector remained stable. Government employment decreased 6,000. Losses occurred in both state (-4,300) and local (-1,800) government, reflecting the seasonal decline in public school employment. Educational and health services experienced a loss of 1,100 jobs. A majority of the contraction occurred in educational services (-600), related to seasonal fluctuations at private schools. Employment in other services increased 2,000. Gains were largely reported in membership associations and organizations. Jobs in leisure and hospitality rose 1,300, a typical seasonal expansion.

Since June 2012, Arkansas’ nonfarm payroll employment rose 8,300. Two major industry sectors posted sizable gains, more than offsetting moderate declines in eight sectors. One major industry remained the same. Trade, transportation, and utilities experienced the largest increase (+11,300). Growth was reported in both retail trade (+8,700) and transportation-warehousing-utilities (+3,700). Educational and health services added 4,400 jobs. The majority of the gain occurred in educational services (+3,200), related to reported expansions at private education facilities. Jobs in construction decreased 1,800, due in large part to recent project completions. Manufacturing employment declined 1,000. Losses in nondurable goods manufacturing (-2,300) more than offset the increase in durable goods manufacturing (+1,300). Jobs in government declined 1,000. The majority of the loss occurred in local government (-1,100), related in part to public school restructuring.
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