Higher jobless numbers push Arkansas’ October jobless rate up to 3.1%

by Talk Business & Politics staff (staff2@talkbusiness.net)

A continued rise in the number of Arkansans without jobs pushed the state’s jobless rate from 2.9% in September to 3.1% in October. It’s the first time the jobless rate has been at or above 3% since March.

The number of employed in Arkansas during October was an estimated 1,350,628, up 27,041 jobs, or 2.04%, compared with October 2022, and below the 1,352,441 in September, according to the U.S. Bureau of Labor Statistics report posted Friday (Nov. 17). The October numbers are preliminary and subject to revision.

Arkansas’ labor force, the number of people eligible to work, in October was 1,393,177, up 1.6% from the 1,371,549 in October 2022 and above the 1,392,374 in September.

Higher jobless numbers push Arkansas’ October jobless rate up to 3.1%

U.S. Rep. Hill Introducing PPP Change For Calculating Pandemic Revenue Losses

By ROBY BROCK / TALK BUSINESS & POLITICS

U.S. Rep. French Hill, R-Little Rock, announced plans on Thursday to introduce a change to the Paycheck Protection Program that he touted would help small businesses impacted by the COVID-19 pandemic.

Hill, R-Little Rock, said he was introducing the PPP Revenue Adjustment Calculation to Increase Capital Accessibility Long-Term, or the PRACTICAL Act, next week in Congress. In Arkansas, more than 14,000 businesses have received $4.6 billion through PPP funding over the course of the pandemic. Hill said it has helped save more than 375,000 Arkansas jobs.

https://www.ualrpublicradio.org/post/us-rep-hill-introducing-ppp-change-calculating-pandemic-revenue-losses

U.S. Rep. French Hill announced plans Thursday to introduce the PPP Revenue Adjustment Calculation to Increase Capital Accessibility Long-Term, or the PRACTICAL Act, next week in Congress.

CREDIT TALK BUSINESS & POLITICS