Arkansas Unemployment Drops to 3.7% in October

Arkansas' unemployment rate decreased three-tenths of a percentage point to 3.7% from September to October, according to a report released Friday by the state Division of Workforce Services.

The report showed Arkansas' civilian labor force decreased by 4,130, the result of 3,756 fewer employed and 374 fewer unemployed Arkansans. The U.S. jobless rate was 4.6% in October, down two-tenths of a percentage point from September.

 “At 4.2 percent, Arkansas’ unemployment rate declined for the second consecutive month. There are 3,412 more employed Arkansans than last month and 45,354 more employed compared to October 2020,” BLS Program Operations Manager Susan Price said in a news release.

Compared to October 2020, Arkansas' nonfarm payroll jobs are up by 32,300. Nine major industry sectors reported growth:

  •  Professional and business services jobs increased by 8,200, mostly in administrative and support  services (5,500).
  • Leisure and hospitality added 7,400 jobs.

  • Manufacturing added 7,000 jobs. Expansions in durable goods (10,000) were offset by declines in nondurable goods (3,000).

  • Trade, transportation and utilities jobs increased by 5,100, mostly in transportation-warehousing-utilities (3,400).

  • Other services added 3,600 jobs.

  • Financial activities added 3,400 jobs.

  • Educational and health services added 2,100 jobs.

  • Information added 800 jobs.

  • Mining and logging added 300 jobs.

  • Government lost 3,000 jobs, mostly in local government-educational services (2,800)

  • Construction lost 1,500 jobs.