Overall unemployment rate moved down to 2.9% with the biggest shift in Restaurants & Hotels, which gained 1,200 roles, based on the most recently available information published in June 2021.
Total employment in the Fayetteville-Springdale-Rogers, AR-MO market rose by 5,237 jobs in April and the unemployment rate decreased compared to the prior month by 60 bps to 2.9%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Fayetteville-Springdale-Rogers, AR-MO unemployment rate is 285 bps below the national rate which is a positive sign.
- Unemployment in the market is 470 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April versus prior month by 3.8% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.6% . Key sectors include:
- Transportation & Utilities: 58,000; +200
- Business Services: 52,200; +1,000
- Government: 39,100; -200
- Manufacturing: 31,000; -600
- Education & Healthcare: 30,400; -100
- Restaurants & Hotels: 26,000; +1,200
- Construction, Mining: 13,300; +100
- Other Jobs: 9,900; +100
- Financial Services: 8,500; -100
- IT & Development: 2,100; no change
Data is based on the most recent 12 months available, through April 2021 (Data published June 2021 and reports created on June 2, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.