Employment Snapshot - Fort Smith, AR-OK April-2022

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 down to 3.1% with the biggest shift in Restaurants & Hotels, which gained 200 roles, based on the most recently available information published in June 2022.

Total employment in the Fort Smith, AR-OK market rose by 234 jobs in April and the unemployment rate decreased compared to the prior month by 10 bps to 3.1%. The national unemployment rate decreased by 42 bps over the same time to 3.3%.

Fort Smith, AR-OK unemployment rate is 24 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 April versus prior month by 13.4% and are down 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 April 2022

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

Transportation & Utilities: 24,200; no change
Government: 18,000; +100
Manufacturing: 17,900; +100
Education & Healthcare: 16,700; no change
Business Services: 11,500; no change
Restaurants & Hotels: 9,600; +200
Construction, Mining: 5,100; +100
Other Jobs: 4,300; no change
Financial Services: 3,800; no change
IT & Development: 1,200; no change

Employment Change by Key Sector

Fort Smith, AR-OK Unemployment by Industry April 2022

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.

Fort Smith, AR-OK