Employment Snapshot - Fort Smith, AR-OK June-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 up to 3.8% with the biggest shift in Government, which lost 700 roles, based on the most recently available information published in August 2022.

Total employment in the Fort Smith, AR-OK market rose by 553 jobs in June and the unemployment rate increased compared to the prior month by 70 bps to 3.8%. The national unemployment rate increased by 46 bps over the same time to 3.8%.

Fort Smith, AR-OK unemployment rate is 4 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 June versus prior month by 8.1% 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 June 2022

For key employment segments of the market, total jobs declined by -0.1%. Key sectors include:

Transportation & Utilities: 23,900; no change
Manufacturing: 18,400; +200
Government: 17,300; -700
Education & Healthcare: 16,600; no change
Business Services: 11,700; no change
Restaurants & Hotels: 10,100; +300
Construction, Mining: 5,200; +100
Other Jobs: 4,300; no change
Financial Services: 3,900; no change
IT & Development: 1,200; no change

Employment Change by Key Sector

Fort Smith, AR-OK Unemployment by Industry June 2022

Data is based on the most recent 12 months available, through June 2022 (Data published August 2022 and reports created on August 3, 2022). Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.

Fort Smith, AR-OK