Overall unemployment rate moved up to 3.7% with the biggest shift in Government, which lost 2,600 roles, based on the most recently available information published in July 2021.
Total employment in the Fayetteville-Springdale-Rogers, AR-MO market declined by 13 jobs in June and the unemployment rate increased compared to the prior month by 50 bps to 3.7%. The national unemployment rate increased by 60 bps over the same time to 6.1%.
- Fayetteville-Springdale-Rogers, AR-MO unemployment rate is 239 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 June versus prior month by 8.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.4%. Key sectors include:
- Transportation & Utilities: 58,400; -500
- Business Services: 52,600; +600
- Government: 36,800; -2,600
- Manufacturing: 31,300; +200
- Education & Healthcare: 30,400; -100
- Restaurants & Hotels: 27,500; +1,000
- Construction, Mining: 13,800; +300
- Other Jobs: 10,000; +100
- Financial Services: 8,600; no change
- IT & Development: 2,100; no change
Data is based on the most recent 12 months available, through June 2021 (Data published July 2021 and reports created on July 28, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.