8.18.23 – Arkansas Division of Workforce Services- Little Rock, Ark.
Today the Arkansas Division of Workforce Services, in conjunction with the Bureau of Labor Statistics, announced Arkansas’ seasonally adjusted unemployment rate remained stable at 2.6% in July.
Arkansas Civilian Labor Force Summary:
- In July, Arkansas’ civilian labor force rose by 3,243, while the number of employed in the State increased
to 1,351,403. Both remain at record high levels. Unemployment declined a slight 309, as the labor force
participation rate increased to 57.7%. - Compared to July 2022, there are 26,170 more employed and 9,993 fewer unemployed Arkansans. The
State’s unemployment rate is down seven-tenths of a percentage point while the labor force
participation rate is up one-tenth of a percentage point over the year.
Arkansas Nonfarm Payroll Job Summary: - In July, nonfarm payroll jobs are down 11,400. Declines were mostly related to summer break at
educational facilities. Jobs in Government are down 10,800, mostly in local government-educational
services (-9,600). Employment in Private Education and Health Services decreased by 800. Jobs in all
other major industry sectors remained fairly stable over the month. - Compared to July 2022, nonfarm payroll jobs in Arkansas are up 37,000. The greatest annual growth
occurred in Leisure and Hospitality (+11,500), Private Education and Health Services (+11,000),
Construction (+6,300), and Trade-Transportation-Utilities (+3,900).
For more Labor Market Data, visit our website at www.discover.arkansas.gov