Overall unemployment rate moved up to 3.8% with the biggest shift in Government, which gained 2,000 roles, based on the most recently available information published in April 2021.
Total employment in the Fayetteville-Springdale-Rogers, AR-MO market rose by 1,806 jobs in February and the unemployment rate increased compared to the prior month by 10 bps to 3.8%. The national unemployment rate decreased by 26 bps over the same time to 6.6%.
- Fayetteville-Springdale-Rogers, AR-MO unemployment rate is 275 bps below the national rate which is a positive sign.
- Unemployment in the market is 110 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in February versus prior month by 3% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.2% . Key sectors include:
- Transportation & Utilities: 58,000; +200
- Business Services: 50,300; -500
- Government: 39,200; +2,000
- Manufacturing: 31,200; -100
- Education & Healthcare: 30,600; +700
- Restaurants & Hotels: 24,700; +800
- Construction, Mining: 13,200; no change
- Other Jobs: 9,600; no change
- Financial Services: 8,600; +100
- IT & Development: 1,900; no change
Data is based on the most recent 12 months available, through February 2021 (Data published April 2021 and reports created on April 9, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.