Tuesday, August 20, 2013

Arkansas' Jobless Rate Rises to 7.4 Percent in July

by Lance Turner, Arkansas Business: Arkansas' jobless rate rose one-tenth of a percentage point from June to reach 7.4 percent in July, according to a report Monday from the state Department of Workforce Services.

The report (PDF) said Arkansas' civilian labor force declined by 4,800.

During the same period, the U.S. jobless rate declined two-tenths of a percentage point to 7.4 percent.

"Arkansas' unemployment rate reached 7.4 percent this month, the same rate as in July 2012," DWS Program Operations Manager Bernadette Coleman said. "There are currently 1,700 fewer unemployed, compared to this month last year."

Since July 2012, nonfarm payroll jobs in Arkansas rose by 14,900. The report said five major industry sectors added jobs, while six sectors posted declines.
  • Trade, transportation, and utilities enjoyed the largest increase, up by 10,700, with a majority of the gains in retail trade.
  • Jobs in educational and health services rose by 7,000, with gains in health care and social assistance as well as educational services.
  • Professional and business services added 2,100 jobs, with the most growth in professional, scientific and technical services.
  • Employment in other services decreased by 1,800. Most of the loss took place in membership associations and organizations.
  • Manufacturing jobs declined by 1,600. Growth in durable goods manufacturing, which added 800 jobs, partially offset losses in nondurable goods manufacturing, which declined by 2,400.

Tags: Arkansas, unemployment, unemployed,

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