Arkansas Unemployment Drops to 4.3% in July

Arkansas' unemployment rate declined one-tenth of a percentage point to 4.3% from June to July, according to a report released Friday by the state Division of Workforce Services.

The report showed Arkansas' civilian labor force declined by 2,542, the result of 1,591 fewer employed and 951 fewer unemployed Arkansans. The U.S. jobless rate was 5.9% in July, down five-tenths of a percentage point from June.

“The unemployment rate in Arkansas declined slightly in July, down to 4.3 percent. Arkansas’ jobless rate is down from 7.1 percent in July 2020 and there are 47,475 more employed Arkansans compared to this time last year,” BLS Program Operations Manager Susan Price said in a news release.

Compared to July 2020, Arkansas' nonfarm payroll jobs are up by 48,800. Nine major industry sectors reported growth, and two lost jobs:

  • Professional and business services jobs increased by 13,000, mostly in administrative and support services (10,600). 

  • Manufacturing added 10,400 jobs, all in durable goods (11,900).

  • Leisure and hospitality added 9,800 jobs.

  • Educational and health services added 6,000 jobs.

  • Trade, transportation and utilities jobs increased by 4,300.

  • Financial activities added 3,400 jobs.

  • Other services added 3,200 jobs.

  • Government lost 2,000 jobs.

  • Information added 1,200 jobs.

  • Construction lost 600 jobs.

  • Mining and logging gained 100 jobs.