Arkansas Unemployment Rate Drops To 3.8 Percent

Posted March 14, 2017

Still, January's total number of unemployed in Flagler is closer to what it was in January 2015 (2,963), when the unemployment rate was 6.9 percent, the difference being that the local workforce has since grown by 2,650, and that the number of people holding jobs has also grown, from 39,822 two years ago to 42,711, an increase of almost 3,000, or 7 percent. The headline unemployment rate edged down one-tenth of a percent to 4.7 percent, while the more expansive U-6 unemployment rate was 9.2 percent, down two-tenths of a percent. The state with the lowest unemployment rate in January was New Hampshire, at 2.7 percent.

The sector showing the most growth in Arkansas from January 2016 was professional-scientific-technical services, which added 2400 jobs over the year.

The national unemployment rate stands at 4.8 percent, up 0.1% from December 2016 and down 0.1 percent from January 2016. Out of a regional labor force of 596,958, there were 31,059 unemployed residents.

The annual growth rate of Colorado nonfarm payroll jobs was 2.3 percent in 2016, revised down from the previously published 2.6 percent.

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A separate survey of households estimates the number of people actively participating in the labor force rose by 3,500 to 2,911,900, while the number of people describing themselves as employed rose by 5,100 to 2,827,200.

At 7.7 percent, Lawrence County had the highest area unemployment rate in January, up from 6.8 percent in December and down slightly from the January 2016 rate of 7.8 percent. Of those seeking employment, 1,585 were unemployed, 144 more than the previous month. The largest job gain was in the education and healthcare sector. Mining and logging, and manufacturing declined over the year.

Alabama has the third highest unemployment rate in the nation. "Total non-farm employment continued to exceed 1 million".

State officials report another drop in unemployment for Arkansas.