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Jobless rate holding steady, but leaps compared with '08.

The unemployment rate in the Fayetteville-Springdale-Rogers Metropolitan Statistical Area has remained relatively steady over the past few months, increasing just slightly from 5.2 percent in September to 5.3 percent in October. The rate is considerably higher than it was a year ago, however, when the October jobless rate was 3.6 percent.
Unemployment Rate
Unemployement rate for Fayetteville-Springdale-Rogers

Oct-09 5.3

Sep-09 5.2

Aug-09 5.4

Jul-09 6.2

Jun-09 6.1

May-09 5.5

Apr-09 5.0

Mar-09 5.4

Feb-09 5.8

Jan-09 5.8

Dec-09 4.6

Nov-09 4.0

Oct-09 3.6

Source: Bureau of Labor Statistics

The biggest drop in employment over the previous year was in the number of government jobs. There were 29,900 government jobs in October 2008 and 28,000 jobs in October 2009, a 6.4 percent drop. There was a 4.4 percent drop in manufacturing jobs, with 31,500 jobs in October 2008 and 30,100 jobs in October 2009. There were gains in employment from the previous October in professional and business services (0.9 percent), education and health services (5 percent) and leisure and hospitality (0.5 percent).

The MSA had the lowest October unemployment rate in the state. Fort Smith had a jobless rate of 7.8 percent in October. Hot Springs had a 6.6 percent jobless rate, Jonesboro a 6.2 percent rate and Little Rock had a 6.9 percent rate. The highest in the state was Pine Bluff, with an 8.8 percent jobless rate in October.

Unemployment Rate

Unemployment rate for Fayetteville-Springdale-Rogers

Source: Bureau of Labor Statistics
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Article Details
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Title Annotation:NW Journal
Author:Patton, Susannah
Publication:Arkansas Business
Date:Dec 21, 2009
Previous Article:Children's House begins building Springdale center.
Next Article:The Arkansas securities department.

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