Overall unemployment rate moved down to 3.2% with the biggest shift in Government, which lost 1,900 roles, based on the most recently available information published in September 2021.
Total employment in the Fayetteville-Springdale-Rogers, AR-MO market rose by 3,543 jobs in July and the unemployment rate decreased compared to the prior month by 50 bps to 3.2%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Fayetteville-Springdale-Rogers, AR-MO unemployment rate is 246 bps below the national rate which is a positive sign.
- Unemployment in the market is 240 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 7.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.1%. Key sectors include:
- Transportation & Utilities: 58,600; -300
- Business Services: 53,800; +1,200
- Government: 34,900; -1,900
- Manufacturing: 31,500; +100
- Education & Healthcare: 30,600; +200
- Restaurants & Hotels: 27,500; +100
- Construction, Mining: 14,000; +200
- Other Jobs: 10,000; no change
- Financial Services: 8,800; +100
- IT & Development: 2,200; +100
Data is based on the most recent 12 months available, through July 2021 (Data published September 2021 and reports created on September 1, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.