Arkansas Unemployment Rate Unchanged at 7.5 Percent

by Lance Turner  on Friday, Dec. 20, 2013 9:28 am  

(Photo by Shutterstock)

Arkansas' November unemployment rate was 7.5 percent, unchanged from October, according to a report from the state Department of Workforce Services.

The report shows the state's civilian labor force increased by 3,700, with 4,400 more employed and 700 fewer unemployed Arkansans.

During the same period, the U.S. jobless rate declined three-tenths of a percentage point, from 7.3 percent in October to 7 percent in November.

More: Download the complete report (PDF).

"The number of employed in Arkansas rose 4,400 in November, the first employment increase since May," DWS Communications Director Becky Heflin said. "Although employment rose and unemployment declined, the change was not enough to bring down the unemployment rate."

Arkansas' unemployment rate was 7.8 percent in November 2012. Year over year, Arkansas' job picture looks like this:

  • Nonfarm payroll jobs increased by 13,500, with seven major industry sectors showing growth, five adding 1,000 or more jobs each, and four sectors reporting declines.
  • Professional and business services reported the largest increase, up by 5,900 jobs with administrative and support services show a majority of the growth.
  • Trade, transportation and utilities added 3,900 jobs with most of the increase in transportation, warehousing and utilities.
  • Employment in educational and health services rose by 3,400 with health care and social assistance posting the majority of the gains.
  • Jobs in construction rose by 2,500, which the report said "related in part to ongoing large projects throughout the state." 
  • Financial activities added 1,000 jobs, all in finance and insurance. The subsector includes activities such as commercial banking and insurance carriers.
  • Employment in government decreased by 1,000, largely at the federal level. 

 

 

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