Overall unemployment rate moved down to 2.7% with the biggest shift in Government, which gained 1,100 roles, based on the most recently available information published in September 2021.
Total employment in the Fayetteville-Springdale-Rogers, AR-MO market declined by 1,202 jobs in August and the unemployment rate decreased compared to the prior month by 50 bps to 2.7%. The national unemployment rate decreased by 38 bps over the same time to 5.3%.
- Fayetteville-Springdale-Rogers, AR-MO unemployment rate is 259 bps below the national rate which is a positive sign.
- Unemployment in the market is 210 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August versus prior month by 9.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.1% . Key sectors include:
- Transportation & Utilities: 59,400; +500
- Business Services: 54,200; +500
- Government: 36,000; +1,100
- Manufacturing: 31,500; -100
- Education & Healthcare: 30,800; no change
- Restaurants & Hotels: 28,300; +1,000
- Construction, Mining: 14,000; no change
- Other Jobs: 10,000; no change
- Financial Services: 8,700; -100
- IT & Development: 2,200; no change
Data is based on the most recent 12 months available, through August 2021 (Data published September 2021 and reports created on September 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.