Arkansas Unemployment Rate Rises to 7.2 Percent in October

by Lance Turner  on Tuesday, Nov. 20, 2012 9:15 am  

Arkansas' seasonally adjusted unemployment rate increased one-tenth of a percentage point from 7.1 percent in September to 7.2 percent in October, according to a report Tuesday by the state Department of Workforce Services.

Click here (PDF) to see the full report.

"Arkansas' unemployment rate rose slightly this month, as employment declined 4,700," DWS Communications Director Kimberly Friedman said in a news release. "There are still 10,300 more employed and 11,000 fewer unemployed Arkansans than in October 2011."

The month-to-month increase in Arkansas' unemployment rate tracked the rise of U.S. unemployment, which rose from 7.8 percent in September to to 7.9 percent in October.

In October 2011, Arkansas' unemployment rate was 8 percent.

Year over year, Arkansas' employment picture looked like this:

  • Nonfarm payroll employment increased by 13,500, with six major industry sectors posting growth, four sectors posting declines and one remaining the same.
  • Leisure and hospitality reported the greatest increase, adding 5,500 jobs. Most of the gain occurred in food services, up by 4,200.
  • Trade, transportation, and utilities added 5,200 jobs, with gains in all three sub-sectors.
  • Educational and health services rose by 4,900 jobs. Health care and social assistance posted most of the growth, which the report attributed in part to on-going hospital expansions.
  • Government added 1,900 jobs, mostly related to public school employment.
  • Jobs in construction declined by 3,900.

 

 

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