Overall unemployment rate moved down to 4.7% with the biggest shift in Government, which lost 2,300 roles, based on the most recently available information published in September 2021.
Total employment in the Little Rock-North Little Rock-Conway, AR market rose by 566 jobs in July and the unemployment rate decreased compared to the prior month by 40 bps to 4.7%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Little Rock-North Little Rock-Conway, AR unemployment rate is 96 bps below the national rate which is a positive sign.
- Unemployment in the market is 360 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in July versus prior month by -3.0% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.1%. Key sectors include:
- Transportation & Utilities: 68,200; -900
- Government: 64,200; -2,300
- Education & Healthcare: 58,200; -400
- Business Services: 44,400; -700
- Restaurants & Hotels: 32,400; +700
- Financial Services: 23,500; no change
- Manufacturing: 19,100; -100
- Other Jobs: 18,600; no change
- Construction, Mining: 17,900; no change
- IT & Development: 5,200; -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.