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Unemployment rate in Arkansas rises to 3.4% in December

According to reports, Arkansas's unemployment rate rose one-tenth of a percentage point to 3.4% in December 2023.

LITTLE ROCK, Ark. — According to reports from the Arkansas Division of Workforce Services and the Bureau of Labor Statistics, the state's unemployment rate rose to 3.4% in December 2023.

Unemployment rose one-tenth of a percentage point in Arkansas from 3.3% in November 2023. Meanwhile, the U.S. jobless rate remained at 3.7%.

Arkansas’s civilian labor force declined by 1,147 in December 2023. Additionally, the state's labor force participation rate dipped to 57.6%.

The number of employed in the state decreased by 3,638, while 2,491 more unemployed Arkansans began actively seeking work.

In December, nonfarm payroll jobs in Arkansas increased by 3,400 to a total of 1,369,000.

  • Manufacturing (+2,300)
  • Private Education and Health Services (+1,800)
  • Trade-Transportation-Utilities (+1,700)
  • Leisure and Hospitality (-3,700)

Compared to December 2022, nonfarm payroll jobs are up 14,500. The largest gains were in:

  • Private Education and Health Services (+9,200)
  • Construction (+7,600)
  • Leisure and Hospitality (+3,500)
  • Trade-Transportation-Utilities (-6,100)

For more labor market data, please visit the Arkansas Division of Workforce Services website here.

Credit: KTHV
Credit: KTHV

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