Overall unemployment rate moved up to 3.7% with the biggest shift in Education & Healthcare, which lost 1,600 roles, based on the most recently available information published in August 2022.
Total employment in the Little Rock-North Little Rock-Conway, AR market rose by 2,456 jobs in June and the unemployment rate increased compared to the prior month by 50 bps to 3.7%. The national unemployment rate increased by 46 bps over the same time to 3.8%.
- Little Rock-North Little Rock-Conway, AR unemployment rate is 14 bps below the national rate which is a positive sign.
- Unemployment in the market is 120 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 3.7% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.2%. Key sectors include:
- Transportation & Utilities: 75,100; -100
- Government: 66,700; -900
- Education & Healthcare: 57,400; -1,600
- Business Services: 45,800; +300
- Restaurants & Hotels: 36,000; +600
- Financial Services: 23,300; +200
- Manufacturing: 19,900; +100
- Construction, Mining: 18,300; +500
- Other Jobs: 18,100; -200
- IT & Development: 5,800; +200
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.