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Arkansas Unemployment Rate Drops to Less than 10%

According to the Labor force data that was 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 declined one and three-tenths of a percentage point, but 10.8 percent in April (revised up from the preliminary April estimate of 10.2 percent) to 9.5 percent in May. Arkansas’ civilian labor force increased 33,715, a result of 46,378 more employed and 12,663 fewer unemployed Arkansans. The United States’ jobless rated decreased from 14.7 percent in April to 13/3 percent in May.

BLS Program Operations Managerr Suans Price said, “Due to the partial re-opening of the economy, the number of employed Arkansans rose 46,378 in May. The increase in employment and the decline in unemployment resulted in an unemployment rate drop of over one full perentage point.”

Details of the BLS methodology and the impat of COVID-19 on the April and May estimation process can be found here.

Nonfarm payroll jobs in Arkansas rose 25,900 in May to a total of 1,191m200. Eight major industry sectors posted job gains, while two sectors declined.

Leisure and hospitality added 13,400 jobs. Jobs in educational and health services increased 9,100. All expansions were in health care and social assistance. Trade, transportation and utilities gained 4,300 jobs, largely in retail trade. Thre greatest oss was in government, down 4,400 jobs. Most of the decline was related to eduational services in state and local government, due to the official end of the 2019-2020 school year.

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