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Arkansas's Unemployment Rate Fell to 3.7 % in October

According to a report released Friday by the Arkansas Division of Workforce Services, Arkansas' unemployment rate fell three-tenths of a percentage point from September to October, to 3.7 percent.

According to the report, Arkansas' civilian labor force decreased by 4,130 as a result of 3,756 fewer employed Arkansans and 374 fewer unemployed Arkansans. The unemployment rate in the United States was 4.6 percent in October, down two-tenths of a percentage point from September.

Arkansas' nonfarm payroll jobs are up 32,300 from October 2020. Growth was reported in nine major industry sectors:

• Professional and business services jobs increased by 8,200, with administrative and support services seeing the most growth (5,500).

• The leisure and hospitality industries added 7,400 jobs.

• Manufacturing created 7,000 new jobs. Durable goods growth (10,000) was offset by declines in nondurable goods (3,000).

• Employment in trade, transportation, and utilities increased by 5,100, primarily in transportation-warehousing-utilities (3,400).

• 3,600 new jobs were added in other services.

• Financial activities created 3,400 new jobs.

• 2,100 new jobs were added in education and health care.

• Information created 800 new jobs.

• Mining and logging 300 new jobs.

• The government shed 3,000 jobs, the majority of which were in local government-educational services (2,800)

• 1,500 construction jobs were lost.

View full report below.

Press Release- October 2021
Download PDF • 230KB

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