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State Jobless Rate Falls to 3.4% in April as Civilian Workforce Hits Record High

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The state’s unemployment rate fell one-tenth of a percentage point to 3.4% in April as the civilian labor force and the number of employed both hit record highs, the Arkansas Division of Workforce Services reported.

It’s the third straight monthly decline.

The U.S. jobless rate in April increased one-tenth of a percentage point to 3.9%.

In Arkansas, the civilian labor force increased by 2,731 in April, with 3,557 more residents employed than in the previous month. The state’s labor force participation increased one-tenth of a percentage point to 57.5%

Compared to a year ago, there were 6,594 more people employed in the state and 8,424 more who were unemployed. Arkansas’ unemployment rate is up six-tenths of a percentage point compared to a year ago, and the labor force participation rate is the same.

Nonfarm payroll jobs rose in April by 13,900 to reach 1.377 million, a record high. Leisure and hospitality (+5,100) and trade-transportation-utilities (+2,100) added the most jobs over the month.

Compared to the same month a year ago, nonfarm payroll jobs were up by 24,100. The largest annual growth was posted in private education and health services (+7,200), construction (+5,000), trade-transportation-utilities (+4,400), and leisure and hospitality (+4,400).

Other sectors and their changes from April 2023:

  • Government increased by 2,700
  • Financial activities increased by 900
  • Other services increased by 800
  • Professional and business services increased by 300
  • Mining and logging was flat
  • Information decreased by 200
  • Manufacturing decreased by 1,400

 

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