Arkansas' January Unemployment Rate Steady at 3.7 Percent

by Arkansas Business Staff  on Monday, Mar. 12, 2018 10:02 am   1 min read

Arkansas' January unemployment rate held steady at 3.7 percent.

The state Department of Workforce Services said Monday that Arkansas' civilian labor force declined by 1,521 from December, a result of 358 more Arkansans being unemployed and 1,879 dropping from the workforce.

The U.S. jobless rate was also unchanged at 4.1 percent in January.

"While original estimation showed the number of employed Arkansans declined last year, revised 2017 estimates have been released and now indicate employment trended up throughout 2017. The unemployment rate has also been very consistent over the last year, remaining close to 3.7 percent," BLS Program Operations Manager Susan Price said in a news release. 

More: See the complete report.

In January 2017, 49,615 people were unemployed in Arkansas, and the unemployment rate was 3.7 percent. In December, 50,413 people were unemployed.

Compared to January 2017, Arkansas' nonfarm payroll employment is up by 6,300.

Seven major industry sectors reported gains:

  • Employment in educational and health services increased by 3,000. Gains in health care and social assistance (3,700) were offset by small losses in educational services (700).
  • Manufacturing added 2,400 jobs, mostly in nondurable goods manufacturing (1,600).
  • Jobs in professional and business services rose by 2,100, mostly in administrative and support services(3,000) while management of companies declined (1,300).
  • Trade, transportation and utilities declined by 2,600, with retail trade suffering a 2,300 hit, due in part to recent layoffs and closures in the sector.



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