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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