LITTLE ROCK, Ark. — According to reports, Arkansas’s seasonally adjusted unemployment rate remained stable at 3.3% between June and July.
Meanwhile, the jobless rate in the U.S. rose two-tenths of a percentage point, increasing from 4.1% in June to 4.3% in July.
Compared to July 2023, there are 18,622 more employed Arkansans. The size of the state's civilian labor force increased by 5,129 in July, as the number of employed rose by 4,918 over the month.
Both civilian labor force and employment remain at record-high levels for the fifth month in a row.
Arkansas’s labor force participation rate rose from 57.6% in July 2023 to 57.9% in July 2024.
Nonfarm payroll jobs decreased by 15,000 in July, largely due to seasonal declines related to summer vacation from schools.
Compared to July 2023, nonfarm payroll jobs are up 31,400. Private Education and Health Services added 10,900 jobs, mostly in Health Care and Social Assistance (+8,600). Notable growth was also reported in Professional and Business Services (+6,300), Leisure and Hospitality (+3,700), Construction (+3,400), and Trade-Transportation-Utilities (+2,900).
