Arkansas’ jobless rate rises to 7.3%
Posted: August 17, 2012 at 9:27 a.m.
The state’s seasonally adjusted unemployment rate rose one-tenth of a percentage point to 7.3 percent in July, the state Department of Workforce Services said Friday.
That rate was up from 7.2 percennt in June, according to labor-force data from the U.S. Department of Labor’s Bureau of Labor Statistics.
“This minor rate increase is within historical trends for July. There are still 28,800 more employed Arkansans than in July 2011,” said department spokesman Kimberly Friedman.
The state’s civilian labor force dropped by 3,400 workers, Workforce Services said, as 1,400 workers gained jobs and 4,800 lost them.
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In July, total nonfarm payroll jobs dropped by 16,800 from June, as seven major industry sectors posted decreases: government; leisure and hospitality; construction; trade, transportation and utilities; educational and health services; professional and business services; and other services.
The manufacturing and financial sectors saw gains over June, according to the data.
In July, the United States’ unemployment rate also rose one-tenth of a percentage point, to 8.3 percent.
Read tomorrow's Arkansas Democrat-Gazette for full details.
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