Overall unemployment rate moved down to 3.0% with the biggest shift in Transportation & Utilities, which gained 200 roles, based on the most recently available information published in January 2022.
Total employment in the Fort Smith, AR-OK market declined by 137 jobs in November and the unemployment rate decreased compared to the prior month by 10 bps to 3.0%. The national unemployment rate decreased by 4 bps over the same time to 3.4%.
- Fort Smith, AR-OK unemployment rate is 36 bps below the national rate which is a positive sign.
- Unemployment in the market is 50 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in November versus prior month by 7.3% and are up 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: 24,500; +200
- Manufacturing: 18,300; -100
- Government: 18,200; +100
- Education & Healthcare: 17,100; no change
Data is based on the most recent 12 months available, through November 2022 (Data published January 2022 and reports created on January 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.