Arkansas jobless rate remains at record low of 3.1% in March report

ARKANSAS, USA — Arkansas’ jobless price was unchanged at 3.1% in March regardless of greater than 5,200 job positive factors since February, and the broad Commerce, Transportation and Utilities sector accounted for nearly 45% of the year-over-year job positive factors within the March report.

The variety of employed in Arkansas throughout March was an estimated 1,302,465, up 31,600 jobs in contrast with March 2021, and above the 1,297,210 in February, in accordance with the U.S. Bureau of Labor Statistics report posted Friday (April 15). The March numbers are preliminary and topic to revision. The jobless price in March 2021 was 4.6%.

Arkansas’ labor power, the variety of individuals eligible to work, in March was 1,343,907 in March, above the 1,332,788 in March 2021, and above the 1,339,399 in February. Nonetheless, the labor power has 42,074 fewer individuals than the pre-pandemic March 2020. The state’s labor power participation price was 56.6% in March, beneath the 56.7% in March 2021, and likewise beneath the pre-pandemic 59.3% in March 2020.

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