Overall unemployment rate moved down to 3.3% with the biggest shift in Restaurants & Hotels, which gained 1,200 roles, based on the most recently available information published in April 2022.
Total employment in the Little Rock-North Little Rock-Conway, AR market rose by 1,005 jobs in March and the unemployment rate decreased compared to the prior month by 50 bps to 3.3%. The national unemployment rate decreased by 39 bps over the same time to 3.8%.
- Little Rock-North Little Rock-Conway, AR unemployment rate is 45 bps below the national rate which is a positive sign.
- Unemployment in the market is 160 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in March versus prior month by -5.5% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:
- Transportation & Utilities: 74,500; +100
- Government: 68,200; +200
- Education & Healthcare: 58,200; -800
- Business Services: 45,700; +100
- Restaurants & Hotels: 33,700; +1,200
- Financial Services: 22,500; -200
- Manufacturing: 19,600; +100
- Other Jobs: 17,900; no change
- Construction, Mining: 17,900; no change
- IT & Development: 5,500; +100
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.