Employment Snapshot - Fort Smith, AR-OK June-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 up to 4.4% with the biggest shift in Government, which lost 700 roles, based on the most recently available information published in July 2021.

Total employment in the Fort Smith, AR-OK market declined by 47 jobs in June and the unemployment rate increased compared to the prior month by 40 bps to 4.4%. The national unemployment rate increased by 60 bps over the same time to 6.1%.

Fort Smith, AR-OK unemployment rate is 169 bps below the national rate which is a positive sign.
Unemployment in the market is 310 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 2.7% and are up 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 June 2021

For key employment segments of the market, total jobs declined by -0.4%. Key sectors include:

Transportation & Utilities: 23,600; +100
Government: 17,300; -700
Education & Healthcare: 16,700; -200
Manufacturing: 16,500; -200
Business Services: 11,900; -200
Restaurants & Hotels: 9,500; +300
Construction, Mining: 5,900; +300
Other Jobs: 4,700; +100
Financial Services: 3,800; no change
IT & Development: 1,100; no change

Employment Change by Key Sector

Fort Smith, AR-OK Unemployment by Industry June 2021

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.

Fort Smith, AR-OK