Employment Snapshot - Fort Smith, AR-OK January-2023

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

Explore unemployment data from Mployer Advisor. Our visual, interactive tools let you sort and customize data to easily find the information you need.

Use the Tool

Additional Benchmarking Resources

In addition to unemployment information, Mployer Advisor offers the following resources for employers and HR professionals:

> Link to salary benchmarking tool > Link to insurance broker commission calculator

Overall unemployment rate moved up to 3.5% with the biggest shift in Government, which lost 500 roles, based on the most recently available information published in March 2023.

Total employment in the Fort Smith, AR-OK market declined by 657 jobs in January and the unemployment rate increased compared to the prior month by 80 bps to 3.5%. The national unemployment rate increased by 60 bps over the same time to 3.9%.

Fort Smith, AR-OK unemployment rate is 36 bps below the national rate which is a positive sign.
Unemployment in the market is equal to the unemployment rate in the market last year at this time.
Average wages (per hour) grew in January versus prior month by 4.2% and are up 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 January 2023

For key employment segments of the market, total jobs declined by -1.3%. Key sectors include:

Transportation & Utilities: 24,800; -400
Manufacturing: 18,600; no change
Education & Healthcare: 17,900; +100
Government: 17,700; -500
Business Services: 11,500; -500
Restaurants & Hotels: 9,600; -100
Construction, Mining: 5,300; no change
Financial Services: 4,200; no change
Other Jobs: 3,500; -100
IT & Development: 1,400; no change

Employment Change by Key Sector

Fort Smith, AR-OK Unemployment by Industry January 2023

Data is based on the most recent 12 months available, through January 2023 (Data published March 2023 and reports created on March 17, 2023). Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.

Fort Smith, AR-OK