Arkansas Employment Hits Record High as Jobless Rate Falls to 4.2% in May
Updated
Updated · KAIT · Jun 23
Arkansas Employment Hits Record High as Jobless Rate Falls to 4.2% in May
2 articles · Updated · KAIT · Jun 23
Summary
2,452 more Arkansans were employed in May, pushing statewide employment to a record high as the seasonally adjusted unemployment rate dipped 0.1 point to 4.2%.
1,167 people joined the civilian labor force, lifting that measure to a record as well, while the number of unemployed residents seeking work fell for a fourth straight month.
Leisure and hospitality led monthly gains, with employment in the sector rising 2.1% from April.
Arkansas's 4.2% jobless rate came in just below the unchanged U.S. unemployment rate of 4.3%.