Arkansas Employment and Unemployment – October 2015

By , November 20, 2015 1:59 PM

The Arkansas unemployment rate dropped one-tenth of a percent in October, to 5.1%.  The number of unemployed declined by nearly 1,300, while the number of employed increased by 1,200.  After a brief rise in unemployment in the Spring, we’ve seen employment increase by 9,000 from May to October, while unemployment has fallen by 8,400 over the same period.

Source:  Bureau of Labor Statistics, Local Area Unemployment Statistics (LAUS)

Source: Bureau of Labor Statistics, Local Area Unemployment Statistics (LAUS)

Nonfarm Payrolls
Payroll employment declined slightly (-200) from September to October (seasonally adjusted).  Sectors gaining jobs for the month included Manufacturing, Retail Trade, Professional & Business Services, and Other Services.  Leisure & Hospitality Services  and Government declined.

Source:  Bureau of Labor Statistics, Current Employment Statistics (CES)

Source: Bureau of Labor Statistics, Current Employment Statistics (CES)

Compared to one year ago, Arkansas payroll employment is up 19,400.   A surge in Construction employment (+8,200)  accounts for much of that total increase, but other contributors include the rapidly growing service-providing sectors of Professional & Business Services, Education & Health Services, and Leisure & Hospitality Services.  Compared to it’s pre-recession level (December 2007), total payroll employment in Arkansas is up by 7,200 jobs (+0.6%).

Source:  Bureau of Labor Statistics

Source: Bureau of Labor Statistics

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*Seasonally adjusted data for Arkansas nonfarm payroll employment, reported in a format compatible with the monthly news release from the Arkansas Department of Workforce Services, can be found hereTable-Seasonally Adjusted NFPE.


Economic Briefing/Forecast Conference

By , November 5, 2015 12:59 PM

Thank you to all the participants and attendees for this morning’s Economic Briefing, co-sponsored by the Institute for Economic Advancement and the Little Rock Branch of the Federal Reserve Bank of St. Louis.


The links below contain copies of the presentation slides.

Kevin Kliesen’s  National Economic Outlook and  Charles Gascon’s analysis of  young adults living with their parents is available in a combined file:  LittleRock_REB_combined.pdf

Michael Pakko’s presentation of current economic conditions in Arkansas and forecasts for 2016 and 2017 is available here:  Pakko-Slides-2015.pdf

Greg Hamilton’s Update of the Little Rock Region Report card can be found here:  Little Rock Report Card

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