Employment Snapshot - Fort Smith, AR-OK July-2021

Weller Emmons

VP of Analytics and Finance at Mployer Advisor. He is passionate about leveraging data to provide industry leading insights for Mployer Advisor’s clients. Prior to joining Mployer Advisor, Emmons served as a healthcare provider strategy consultant for Knowledge Capital Group and as an internal strategy consultant at HCA Healthcare. Emmons earned his MBA and BE in Biomedical Engineering, both from Vanderbilt University.

Market Employment Summary

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Additional Benchmarking Resources

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Overall unemployment rate moved down to 3.9% with the biggest shift in Government, which lost 2,100 roles, based on the most recently available information published in September 2021.

Total employment in the Fort Smith, AR-OK market rose by 51 jobs in July and the unemployment rate decreased compared to the prior month by 60 bps to 3.9%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.

Fort Smith, AR-OK unemployment rate is 176 bps below the national rate which is a positive sign.
Unemployment in the market is 330 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 0.3% and are down compared to last year at this time in the market.

Month over Month Unemployment Change

Year over Year Unemployment Change

Fort Smith, AR-OK Unemployment July 2021

For key employment segments of the market, total jobs declined by -1.4%. Key sectors include:

Transportation & Utilities: 23,300; -300
Manufacturing: 16,900; +300
Education & Healthcare: 16,700; +100
Government: 15,200; -2,100
Business Services: 12,500; +600
Restaurants & Hotels: 9,400; -100
Construction, Mining: 5,800; -100
Other Jobs: 4,700; no change
Financial Services: 3,800; no change
IT & Development: 1,100; no change

Employment Change by Key Sector

Fort Smith, AR-OK Unemployment by Industry July 2021

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.

Fort Smith, AR-OK