Arkansas employment situation improves slightly | Business

Arkansas’ seasonally adjusted unemployment rate fell by a tenth of a percentage point, from 4.3% in July to 4.2% in August, according to a report released on September 17 by the Arkansas Division of Workforce Services.

Labor force data is produced by the United States Department of Labor – Bureau of Labor Statistics and published by ADWS. According to the report, Arkansas’ civilian workforce grew by 1,651, adding 3,412 more employed and 1,761 fewer Arkansans unemployed. To 5.2%, the unemployment rate in the United States fell two tenths of a percentage point in August. BLS Program Director of Operations Susan Price said, “Arkansas’ unemployment rate fell to 4.2% for the second month in a row.

There are 3,412 Arkansans more employees than last month and 45,354 more employees compared to August 2020.

Non-farm payroll jobs in Arkansas rose 2,000 in August to total 1,259,200. Six major industrial sectors posted gains, while five sectors reported job losses. The government posted the largest increase, adding 3,000 jobs. All of the expansions were in local government education services (+2,100) and state government education services (+1,700), linked to the start of the 2021-2022 public school year.

Education and health services added 1,700 jobs, mainly in health care and social assistance (+1,500).

Jobs in recreation and hospitality increased by 1,000. Hiring in accommodation and food services (+1,600) more than offset seasonal contractions in arts, entertainment and recreation (- 600).

Manufacturing declined by 1,700. Losses occurred in the manufacturing of non-durable (-1,000) and durable (-700) goods.

Jobs in other services fell by 1,100. The sector includes activities such as commercial machine repair, dry cleaning services and civic organizations.

Compared with August 2020, non-farm payroll employment in Arkansas increased by 32,300. Nine major industrial sectors posted growth, with six sectors each creating 2,200 or more jobs. Professional and business services increased by 12,500. The majority of the expansion occurred in administrative and support services (+9,400), a subsector that includes employment agencies. Jobs in leisure and hospitality increased by 9,000, mainly in accommodation and food services (+6,200).

Manufacturing added 7,000 jobs. The hiring of durable goods (+10,500) was offset by contractions in the manufacturing of non-durable goods (-3,500). Employment in education and health services increased by 4,500, spread across all subsectors.

Other notable gains were recorded in trade-transport-utilities (+2,700) and in financial services (+2,200).

The government reported the largest decline during the year, down 7,300. The largest loss was reported in local public education services (-4,600).