Employment Snapshot - Fort Smith, AR-OK March-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

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 down to 3.2% with the biggest shift in Restaurants & Hotels, which gained 200 roles, based on the most recently available information published in April 2022.

Total employment in the Fort Smith, AR-OK market rose by 445 jobs in March and the unemployment rate decreased compared to the prior month by 40 bps to 3.2%. The national unemployment rate decreased by 39 bps over the same time to 3.8%.

Fort Smith, AR-OK unemployment rate is 55 bps below the national rate which is a positive sign.
Unemployment in the market is 140 bps below the unemployment rate in the market last year at this time, which is a positive.
Average wages (per hour) grew in March versus prior month by 16.8% 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 March 2022

For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:

Transportation & Utilities: 24,100; no change
Manufacturing: 17,900; -100
Government: 17,900; +100
Education & Healthcare: 16,700; no change
Business Services: 11,500; -100
Restaurants & Hotels: 9,400; +200
Construction, Mining: 5,000; no change
Other Jobs: 4,300; +100
Financial Services: 3,800; no change
IT & Development: 1,200; no change

Employment Change by Key Sector

Fort Smith, AR-OK Unemployment by Industry March 2022

Data is based on the most recent 12 months available, through March 2022 (Data published April 2022 and reports created on April 27, 2022). Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.

Fort Smith, AR-OK