Overall unemployment rate moved down to 1.5% with the biggest shift in Business Services, which gained 1,800 roles, based on the most recently available information published in December 2021.
Total employment in the Fayetteville-Springdale-Rogers, AR-MO market rose by 5,260 jobs in November and the unemployment rate decreased compared to the prior month by 10 bps to 1.5%. The national unemployment rate decreased by 37 bps over the same time to 3.9%.
- Fayetteville-Springdale-Rogers, AR-MO unemployment rate is 239 bps below the national rate which is a positive sign.
- Unemployment in the market is 200 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in November versus prior month by 6.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.0% . Key sectors include:
- Transportation & Utilities: 61,600; +1,200
- Business Services: 56,900; +1,800
- Government: 40,800; +100
- Education & Healthcare: 31,800; +200
- Manufacturing: 31,600; no change
- Restaurants & Hotels: 28,000; -700
- Construction, Mining: 14,300; no change
- Other Jobs: 10,100; no change
- Financial Services: 8,900; +200
- IT & Development: 2,200; +100
Data is based on the most recent 12 months available, through November 2021 (Data published December 2021 and reports created on January 6, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.