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State Unemployment Rate Holds at 3.3% in November

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The state’s unemployment rate held at 3.3% in November, the Arkansas Division of Workforce Services reported Friday.

The U.S. jobless rate increased one-tenth of a percentage point in November to 4.2%.

In Arkansas, the civilian labor force increased by 1,742, as 1,073 additional Arkansans were employed. The labor force participation rate ticked up by one-tenth of a percentage point to 58.2%. The civilian labor force and employment remain at record-high levels.

Compared to November 2023, there were 33,715 more people employed in the state. The unemployment rate was up six-tenths of a percentage point lower, with 4,465 fewer unemployed Arkansans.

Arkansas’ labor force participation rate rose six-tenths of a percentage point year over year from 57.6%.

On a monthly basis, nonfarm payroll jobs declined by 500 in November, with contractions in leisure and hospitality (-3,100) and in construction (-1,100). The largest monthly gains occurred in private education and health services (+1,700) and trade, transportation and utilities (+1,000).

Compared to November 2023, Arkansas’ nonfarm payroll jobs increased by 22,600. Eight major industry sectors posted annual growth. The largest expansions were in private education and health services (+13,700), mostly in the health care and social assistance subsector (+13,000). Other notable increases were seen in professional and business services (+3,400) and manufacturing (+3,000).

Other sectors and their changes from November 2023:

  • Government: +1,600
  • Financial activities: +700
  • Trade, transportation, and utilities: +600
  • Mining and logging: +100
  • Information: -400
  • Leisure and hospitality: -500
  • Other services: -900
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