According to a press release from the Arkansas Division of Workforce Services, labor force data produced by the United States Department of Labor's Bureau of Labor Statistics and released by the Arkansas Division of Workforce Services show that Arkansas' seasonally adjusted unemployment rate increased to 3.4 percent in August.
Labor force data, produced by the U.S. Department of Labor, Bureau of Labor Statistics and released today by the Arkansas Division of Workforce Services, show Arkansas’ seasonally adjusted unemployment rate increased one-tenth of a percentage point, from 3.3 percent in July to 3.4 percent in August. Arkansas’ civilian labor force declined 1,628, a result of 2,648 fewer employed and 1,020 more unemployed Arkansans. The United States’ jobless rate increased two-tenths of a percentage point, rising from 3.5 percent in July to 3.7 percent in August.
BLS Program Operations Manager Susan Price said, “The unemployment rate in Arkansas rose to 3.4 percent, as the number of employed Arkansans declined slightly in August. The labor force participation rate decreased this month but is still up over the year. There are currently 28,185 more employed Arkansans compared to August 2021”.
View the full report below.