Arkansas’ job numbers fell from July to August, with the unemployment rate rising from 3.3% to 3.4% in August. The unemployment rate is better than her 3.8% in August 2021, with year-on-year job growth estimated at 28,185. US interest rates were 3.5% in August.
Arkansas had an estimated 1,308,871 jobs in August, an increase of 28,185, or 2.15%, from August 2021, according to a report released Friday by the U.S. Bureau of Labor Statistics (BLS). That’s down from July’s 1,311,429. 16). August figures are preliminary and subject to revision.
Arkansas’ workforce in August had 1,354,414 people eligible for work, up from 1,330,686 in August 2021, but down from 1,356,042 in July. The state labor force participation rate was 56.8% in August, up from 56.4% in August 2021, but down from 57% in July.
Arkansas’ unemployment number stood at 45,633 in August, up from 44,613 in July, but down from 50,090 in August 2021.
The largest year-on-year sector increases were trade, transport and utilities (10,000 jobs added), manufacturing (7,600 jobs added), and tourism (6,600 jobs added). Employment records for August were set in the education and health services sector (201,900), tourism (124,700), and finance (68,800).
national number
Unemployment rates were high in 16 states and stable in 34 states in August.
District of Columbia, BLS reported. All 50 states and districts saw year-over-year unemployment declines.
Minnesota had the lowest unemployment rate in August at 1.9%. The next lowest are New Hampshire and Utah, at 2% each. Her 3.5% rate in Louisiana set the new series low (all state series he started in 1976). The District of Columbia had the highest at 5.1%, followed by New York at 4.7%. In total, 17 states had lower unemployment rates than the US’s 3.7%, eight states and districts had higher unemployment rates, and 25 states’ unemployment rates were not significantly different from the national unemployment rate.
job number
trade, transportation, utilities
August 2022: 267,100
July 2022: 268,000
August 2021: 257,100
Employment in the sector hit a record 268,000 in July 2022.
government
August 2022: 208,800
July 2022: 208,700
August 2021: 206,600
Employment in the sector peaked at 224,100 in July 2010.
education and health services
August 2022: 201,900
July 2022: 201,600
August 2021: 196,900
August hiring marked a new record for the department.
manufacturing industry
August 2022: 164,800
July 2022: 164,400
August 2021: 157,200
Manufacturing, once the state’s largest employment sector, recorded 247,600 jobs in August 1995.
Professional and business services
August 2022: 150,700
July 2022: 150,000
August 2021: 146,800
Employment in the sector hit a record 152,600 in January 2022.
leisure and hospitality
August 2022: 124,700
July 2022: 123,600
August 2021: 118,100
August hiring marked a new record for the department.
financial activity
August 2022: 68,800
July 2022: 68,200
August 2021: 66,100
August hiring marked a new record for the department.
construction
August 2022: 55,200
July 2022: 55,300
August 2021: 55,400
The sector reached a record employment of 57,700 people in February 2006.
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