Overall unemployment rate moved up to 4.6% with the biggest shift in Restaurants & Hotels, which gained 900 roles, based on the most recently available information published in June 2021.
Total employment in the Little Rock-North Little Rock-Conway, AR market declined by 2,083 jobs in May and the unemployment rate increased compared to the prior month by 10 bps to 4.6%. The national unemployment rate decreased by 25 bps over the same time to 5.5%.
- Little Rock-North Little Rock-Conway, AR unemployment rate is 90 bps below the national rate which is a positive sign.
- Unemployment in the market is 500 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in May versus prior month by -1.3% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.1% . Key sectors include:
- Transportation & Utilities: 68,400; +200
- Government: 67,400; -500
- Education & Healthcare: 58,900; +200
- Business Services: 44,000; -900
- Restaurants & Hotels: 30,100; +900
- Financial Services: 22,800; no change
- Manufacturing: 19,300; no change
- Other Jobs: 18,200; +200
- Construction, Mining: 18,100; +100
- IT & Development: 5,200; +100
Data is based on the most recent 12 months available, through May 2021 (Data published June 2021 and reports created on June 30, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.