Arkansas’ October jobless rate rose one-tenth of a point to 7.2% as the number of unemployed workers grew by an estimated 4,700.
U.S. unemployment in October was 7.9%. One year ago, Arkansas unemployment stood at 8%.
October marked the 45th consecutive month that the state’s jobless rate hovered above 7%.
Total employment in Arkansas stood at 1,273,800 in October up by 10,300 from the previous year.
“Arkansas’ unemployment rate rose slightly this month, as employment declined 4,700. There are still 10,300 more employed and 11,000 fewer unemployed Arkansans than in October 2011,” said DWS Communications Director Kimberly Friedman.
SECTOR GAINERS AND DECLINERS
For the month, trade, transportation and utility jobs had the largest increase (+3,500). Construction jobs were the most penalized falling by 2,100 workers.
Year-over-year comparisons of industry sectors shows the following:
- Construction -3,900
- Manufacturing +400
- Trade/Transportation +5,200
- Information -300
- Financial -800
- Professional/Business -300
- Education/Health +4,900
- Leisure/Hospitality +5,500
- Government +1,900