Overall unemployment rate moved down to 2.2% with the biggest shift in Transportation & Utilities, which gained 500 roles, based on the most recently available information published in June 2022.
Total employment in the Fayetteville-Springdale-Rogers, AR-MO market rose by 1,281 jobs in April and the unemployment rate decreased compared to the prior month by 10 bps to 2.2%. The national unemployment rate decreased by 42 bps over the same time to 3.3%.
- Fayetteville-Springdale-Rogers, AR-MO unemployment rate is 114 bps below the national rate which is a positive sign.
- Unemployment in the market is 80 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April versus prior month by 6.8% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:
- Transportation & Utilities: 62,900; +500
- Business Services: 57,300; no change
- Government: 40,800; no change
- Manufacturing: 31,700; no change
- Education & Healthcare: 30,700; +100
- Restaurants & Hotels: 27,100; +200
- Construction, Mining: 13,600; -200
- Other Jobs: 9,900; no change
- Financial Services: 9,000; +100
- IT & Development: 2,100; no change
Data is based on the most recent 12 months available, through April 2022 (Data published June 2022 and reports created on June 1, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.