State Unemployment Rate Steady at 3.2% in May

State Unemployment Rate Steady at 3.2% in May

Arkansas' unemployment rate remained at 3.2% in May, the state Division of Workforce Services reported Friday.

Arkansas' civilian labor force increased by by 2,545, a result of 2,367 more employed and 178 additional unemployed Arkansans.

The U.S. jobless rate also didn’t change from April to May, remaining at 3.6%.

Arkansas’ nonfarm payroll jobs increased by 1,300 in May to 1,315,800, setting a record high number of jobs for a second straight month. Gains were posted in six major industry sectors:

  • Leisure and hospitality rose by 1,500, mostly in accommodation and food services (+1,300)
  • Financial activities added 1,100 jobs. Hiring occurred in both finance and insurance (+700) and real estate, rental, and leasing (+400).
  • Jobs in professional and business services increased by 1,100
  • Expansions were posted in administrative and support services (+1,300) and management of companies (+600)

There were job losses in the following sectors:

  • Educational and health services declined by 2,000, with all subsectors posting losses
  • Jobs in trade, transportation and utilities decreased by 1,200, with most of the contraction in retail

There were 34,671 more Arkansans employed in May than int the same month a year ago. 

Read the full report here.

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