Arkansas Jobless Rate Hit Record Low of 3.1% in February | Arkansas Business News
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Arkansas’ unemployment rate decreased one-tenth of a percentage point from January to a historic low of 3.1% in February, the state Division of Workforce Services reported Friday.
The record low comes after December’s rate, first announced as 3.1%, was revised to 3.3%.
Friday’s report showed Arkansas’ civilian labor force increased by 4,569, the result of 5,028 more employed and 459 fewer unemployed Arkansans. The U.S. jobless rate was 3.8% in February, down two-tenths of a percentage point from January.
Arkansas’ nonfarm payroll jobs increased 7,700 in February to more than 1.3 million. Gains were posted in seven major industry sectors, while three sectors lost jobs:
- Leisure and hospitality added 2,700 jobs, with hiring across all subsectors
- Government jobs increased by 1,900, with all gains in state government-educational services (2,200), an increase that reflects the re-opening of colleges and universities from winter break
- Educational and health services jobs increased by 1,800
- Manufacturing added 1,000 jobs, mostly in nondurable goods manufacturing (800)
- Other services added 500 jobs
- Trade, transportation and utilities added 400 jobs
- Professional and business services added 300 jobs
- Construction added 200 jobs
- Mining and logging lost 100 jobs
- Information lost 300 jobs
- Financial activities lost 700 job
There were 28,287 more people employed in Arkansas in February than there were in February 2021.