Arkansas Unemployment Rate Falls to 7.3 Percent in January

by Arkansas Business Staff  on Monday, Mar. 17, 2014 9:40 am  

Arkansas' unemployment rate fell one-tenth of a percentage point from December to 7.3 percent in January, according to the state Department of Workforce Services.

The report said Arkansas' civilian labor force rose by 700, a result of 2,400 more employed and 1,700 fewer unemployed Arkansans.

The U.S. jobless rate also declined one-tenth of a percentage point during the same period, falling from 6.7 percent in December to 6.6 percent in January.

"Employment in Arkansas rose 2,400 in January 2014 and is up slightly compared to January 2013," DWS Communications Director Becky Heflin said in a news release/ "This is the fifth consecutive month that Arkansas has posted employment gains."

Year over year, Arkansas' job scene saw seven major industry sectors posting growth, offsetting declines in four sectors: 

  • Leisure and hospitality added 4,200 jobs. Most of the increases occurred in food services (+3,500). Employment in trade, transportation, and utilities rose 3,400.
  • Professional and business services increased 3,000. Most of the gains were reported in administrative and support services (+2,300), which includes employment services.
  • Employment in educational and health services rose 2,700. Health care and social assistance (+2,300) posted a majority of the growth.
  • Jobs in construction are up 1,200, mostly in specialty trade construction (+1,100).
  • Manufacturing reported the largest decline (-1,600), with all losses occurring in nondurable goods manufacturing. 

 

 

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