Overall unemployment rate moved down to 3.1% with the biggest shift in Restaurants & Hotels, which gained 800 roles, based on the most recently available information published in June 2022.
Total employment in the Little Rock-North Little Rock-Conway, AR market declined by 80 jobs in May and the unemployment rate decreased compared to the prior month by 10 bps to 3.1%. The national unemployment rate increased by 4 bps over the same time to 3.4%.
- Little Rock-North Little Rock-Conway, AR unemployment rate is 28 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) declined in May versus prior month by -0.3% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.4% . Key sectors include:
- Transportation & Utilities: 75,700; +600
- Government: 67,600; -500
- Education & Healthcare: 59,300; +300
- Business Services: 45,400; -100
- Restaurants & Hotels: 35,400; +800
- Financial Services: 23,100; +200
- Manufacturing: 19,700; -200
- Other Jobs: 18,300; +200
- Construction, Mining: 17,900; no change
- IT & Development: 5,500; no change
Data is based on the most recent 12 months available, through May 2022 (Data published June 2022 and reports created on June 29, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.