October Unemployment Rates Stay Steady in Arkansas
LITTLE ROCK, Ark.—According to recently released data, the Arkansas unemployment rate held steady in October. As the Arkansas Department of Commerce indicated, the unemployment rate remained at 3.3%, identical to September. Nationally, the United States unemployment rate was also stable at 4.1% for the same time period. In a report, it was disclosed that Arkansas’ civilian labor force increased by 3,215, with an additional 3,092 Arkansans gaining employment. Both the civilian labor force and employment figures remain at an all-time high. The ADC noted: These modest gains made no significant effect on the unemployment rate or the labor force participation rate, which were identical between September and October. The report also demonstrated that in comparison to October of the previous year, there are 32,806 additional employed residents in the state. This increase has pushed the labor force participation rate up by half a percentage point over the year.
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