Today, the Arkansas Department of Commerce, in conjunction with the Bureau of Labor Statistics, announced Arkansas’ seasonally adjusted unemployment rate remained stable at 3.7% in July. The United States’ jobless rate increased one-tenth of a percentage point, from 4.1% in June to 4.2% in July.
Arkansas Civilian Labor Force Summary:
- The civilian labor force in Arkansas rose by 903 in July, as employment and unemployment increased slightly. Both employment and the size of the civilian labor force remain at record high levels, while the unemployment rate and the labor force participation rate both held steady between June and July.
- Compared to July 2024, Arkansas’ employment is up by 8,555. There are 4,750 more unemployed residents actively seeking work, while the unemployment rate is up three-tenths of a percentage point over the year.
Arkansas Nonfarm Payroll Job Summary:
- Nonfarm payroll jobs in Arkansas declined by 8,700 in July, due in large part to summer break at schools. Jobs in Government dropped 10,900, both in local government educational services (-9,600) and state government educational services (-1,500). Six major industry sectors posted gains, including Leisure and Hospitality (+900), Construction (+800), and Financial Activities (+400).
- Compared to July 2024, Arkansas’ nonfarm payroll jobs are up 26,100. Notable expansions occurred in Private Education and Health Services (+12,000), Leisure and Hospitality (+6,000), Trade-Transportation-Utilities (+4,600), Professional and Business Services (+3,200), and Manufacturing (+2,400).
