Department of Labor report shows slight drop in unemployment rate in Arkansas

LITTLE ROCK, Ark. – Data from the US Department of Labor, Bureau of Labor Statistics, shows that Arkansas saw a slight drop in the unemployment rate in January.

According to the agency, the state’s unemployment rate fell from 3.3% in December 2021 to 3.2% in January 2022, a drop of one-tenth of a percentage point.

The data shows that the state’s civilian workforce grew by 4,142 resulting in 5,126 fewer Arkansans employed and 984 fewer state residents unemployed.

Susan Price, operations manager for the BLS program, explained the state’s employment rate as of 2021, noting that the percentage was slightly higher than estimates.

“Based on updated estimates, Arkansas’ unemployment rate started in January 2021 at 4.9% and slowly declined throughout the year to a low of 3.3% in December. , slightly higher than initial estimates,” Price said.

The report said nonfarm payroll employment fell by 17,200 in January, bringing the total to 1,293,800. Agency officials said ten major industrial sectors recorded losses, mostly related to seasonal factors, trade, transport and public services registering the largest decline.

Compared with January 2021, BLS officials said nonfarm payroll employment in the state increased by 37,700. Of the eight major industrial sectors that saw gains, agency officials said the jobs in trade, transport and public services had increased by 13,300.

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