Overall unemployment rate stayed flat at 2.2% with the biggest shift in Education & Healthcare, which lost 1,300 roles, based on the most recently available information published in June 2022.
Total employment in the Fayetteville-Springdale-Rogers, AR-MO market declined by 1,098 jobs in May and the unemployment rate stayed flat. The national unemployment rate increased by 4 bps over the same time to 3.4%.
- Fayetteville-Springdale-Rogers, AR-MO unemployment rate is 118 bps below the national rate which is a positive sign.
- Unemployment in the market is 100 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in May versus prior month by 4.1% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.3% . Key sectors include:
- Transportation & Utilities: 62,200; -600
- Business Services: 58,500; +1,300
- Government: 40,900; +100
- Manufacturing: 31,800; +200
- Education & Healthcare: 29,400; -1,300
- Restaurants & Hotels: 27,800; +600
- Construction, Mining: 13,700; +200
- Other Jobs: 10,100; +200
- Financial Services: 9,100; +100
- IT & Development: 2,100; no change
Data is based on the most recent 12 months available, through May 2022 (Data published June 2022 and reports created on June 29, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.