Uptick in Arkansas Unemployment to 3.6 Percent

LITTLE ROCK, Ark. - Unemployment in Arkansas is on the rise.

Latest figures released on Friday show the state's jobless rate at 3.6 percent in October, a tenth of a percent uptick from September.

The labor force data, produced by the U.S. Department of Labor, Bureau of Labor Statistics (BLS) and released by the Arkansas Department of Workforce Services, also shows that Arkansas’ civilian labor force declined 1,191, a result of 1,870 fewer employed and 679 more unemployed Arkansans. 

“Arkansas’ unemployment rate rose one-tenth a percentage point in October, as employment declined slightly over the month. Even with this decrease, there are still 42,501 more employed in Arkansas compared to October 2016,” said BLS Program Operations Manager Susan Price.

Arkansas Nonfarm Payroll Job Summary:
Arkansas’ nonfarm payroll jobs increased 8,000 in October to total 1,266,800. Eight major industry sectors posted gains, while three sectors reported minor declines. Jobs in trade, transportation, and utilities rose 3,200, mostly in retail trade (+1,700). Government added 2,100 jobs. A majority of the hiring occurred at public education facilities, with expansions in both local (+1,100) and state (+1,000) government. Employment in professional and business services increased 1,700. Gains were posted in all three subsectors.

Compared to October 2016, nonfarm payroll employment is up 23,500. Growth occurred in seven major industry sectors, with four adding 4,200 or more jobs, each. Manufacturing increased 5,700, mostly in nondurable goods manufacturing (+5,300). Employment in trade, transportation, and utilities rose 4,400. Hiring was reported across all three subsectors, with the greatest expansion in wholesale trade (+2,500). Professional and businesses services added 4,400 jobs. The largest gains were posted in administrative and support services (+4,400). Employment in educational and health services increased 4,200. Additions occurred in both educational services (+2,500) and health care and social assistance (+1,700). Growth was also reported in other services (+2,300), construction (+2,000), and leisure and hospitality (+2,000).

The United States’ jobless rate declined to 4.1 percent in October, down from 4.2 percent in September.

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