Arkansas Jobless Rate Hit Record Low of 3.1% in February


Arkansas' unemployment rate decreased one-tenth of a percentage point from January to a historic low of 3.1% in February, the state Division of Workforce Services reported Friday.

The record low comes after December’s rate, first announced as 3.1%, was revised to 3.3%.

Friday's report showed Arkansas' civilian labor force increased by 4,569, the result of 5,028 more employed and 459 fewer unemployed Arkansans. The U.S. jobless rate was 3.8% in February, down two-tenths of a percentage point from January.

Arkansas' nonfarm payroll jobs increased 7,700 in February to more than 1.3 million. Gains were posted in seven major industry  sectors, while three sectors lost jobs:

  • Leisure and hospitality added 2,700 jobs, with hiring across all subsectors
  • Government jobs increased by 1,900, with all gains in state government-educational services (2,200), an increase that reflects the re-opening of colleges and universities from winter break
  • Educational and health services jobs increased by 1,800
  • Manufacturing added 1,000 jobs, mostly in nondurable goods manufacturing (800)
  • Other services added 500 jobs
  • Trade, transportation and utilities added 400 jobs
  • Professional and business services added 300 jobs
  • Construction added 200 jobs
  • Mining and logging lost 100 jobs
  • Information lost 300 jobs
  • Financial activities lost 700 job

There were 28,287 more people employed in Arkansas in February than there were in February 2021.