4.23.23 – Little Rock (KATV)
The Arkansas Division of Workforce Services and Bureau of Labor Statistics said that the unemployment rate in Arkansas had dropped 0.2 percent. The rate was at 3.2 percent in February but dropped to 0.2 percent in March.
ACLF summary:
- In March, Arkansas’ civilian labor force increased by 1,828. There were 4,661 more employed and 2,833 fewer unemployed Arkansans, leading to a drop in the unemployment rate. Employment in the State has increased for six consecutive months. Arkansas’ labor force participation rate remained stable at 57.4% between February and March.
- Compared to March 2022, there are 10,118 additional employed in Arkansas. The unemployment rate is one-tenth of a percentage point lower with 2,225 fewer unemployed Arkansans. The labor force participation rate is down two-tenths of a percentage point over the year.