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Arkansas Unemployment Rate Drops Slightly

LITTLE ROCK, Ark. - Fewer Arkansans were added to the unemployment rolls in January, giving the state's jobless rate a drop of one-tenth of a percentage point for the month.
LITTLE ROCK, Ark. -- Fewer Arkansans were added to the unemployment rolls in January, giving the state's jobless rate a drop of one-tenth of a percentage point for the month.

Labor force data, produced by the U.S. Department of Labor, Bureau of Labor Statistics and released Monday by the Arkansas Department of Workforce Services (DWS), show Arkansas’ seasonally adjusted unemployment is down from 7.4 percent in December to 7.3 percent in January.

Arkansas’ civilian labor force rose 700, a result of 2,400 more employed and 1,700 fewer unemployed Arkansans.

The United States’ jobless rate also declined one-tenth of a percentage point, from 6.7 percent in December to 6.6 percent in January.

“Employment in Arkansas rose 2,400 in January 2014 and is up slightly compared to January 2013*. This is the fifth consecutive month that Arkansas has posted employment gains,” says DWS Communications Director Becky Heflin.




Arkansas Nonfarm Payroll Job Summary:

Arkansas’ nonfarm payroll jobs decreased 15,200 in January to total 1,172,300.

Nine major industry sectors posted declines, while two sectors increased. Employment in trade, transportation, and utilities fell 6,200.

Losses were mostly in retail trade (-5,400), a typical decline related to the end of the holiday shopping season. Jobs in government dropped 6,100.

A majority of the decrease occurred in state (-4,300) and local (-1,600) government, reflecting the holiday break at public schools and universities.

Educational and health services declined 1,000. Losses were posted in both health care-social assistance (-600) and educational services (-400).

Since January 2013, nonfarm payroll jobs in Arkansas have increased 13,200. Seven major industry sectors posted growth, offsetting declines in four sectors.

Leisure and hospitality added 4,200 jobs. Most of the increases occurred in food services (+3,500). Employment in trade, transportation, and utilities rose 3,400. Growth was posted in all subsectors, with retail trade adding a majority of the jobs (+2,000).

Professional and business services increased 3,000. Most of the gains were reported in administrative and support services (+2,300), which includes employment services.

Employment in educational and health services rose 2,700. Health care and social assistance (+2,300) posted a majority of the growth.

Jobs in construction are up 1,200, mostly in specialty trade construction (+1,100).

Manufacturing reported the largest decline (-1,600), with all losses occurring in nondurable goods manufacturing.

(courtesy KARK)

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