As the unemployment rate in Arkansas is falling the size of the labor force is increasing, as these charts by Michael Pakko, the state’s economic forecaster, show.
The state’s unemployment rate in January fell slightly to 5.6 percent. Pakko noted that “some of the recent sharp swings in the household employment data were recently muted by data revisions.
“But the January data showed an uncharacteristically large surge in employment, similar to those that were showing up in the recent data before revision: From December to January, the number of employed was up by more than 9,000. The number of unemployed was essentially unchanged, so the labor force figures also showed a sharp increase.”
More information can be found on Pakko’s blog, ArkansasEconomist.com.
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