Hospitality

Unemployment Rate, and Job Growth in Manufacturing, Hospitality, and Food Services Encouraging, Governor Says

LITTLE ROCK – Arkansas’s rate of unemployment in May remained stable at 4.4 percent, unchanged from April, according to statistics from the U.S. Department of Labor. The state’s unemployment rate remained below the national rate, as it has throughout the pandemic, according to the report, which the Arkansas Division of Workforce Services released today.

“The state’s unemployment rate continues to be more than a full percentage point below the national average,” Governor Asa Hutchinson said. “It is also encouraging that the state saw growth in jobs in manufacturing, hospitality, and food services. Our workforce is in a transition now. Some are seeking retraining opportunities and others are delaying their return to employment. With workforce training programs available and with the urgent demand for workers, this is an excellent time for those who left the labor force during the pandemic to transition to a higher-skills job or a better-paying job.”

Arkansas Economy Lost 44,000 Jobs in 2020, Most in Leisure and Hospitality

By ANTOINETTE GRAJEDA

The Center for Business and Economic Research in the Sam M. College of Business at the University of Arkansas hosted its 27th annual Arkansas Business Forecast event Friday. According to one economist, the majority of jobs lost in the state were in the leisure and hospitality sector and it's likely they won't all come back once the pandemic ends.

https://www.kuaf.com/post/arkansas-economy-lost-44000-jobs-2020-most-leisure-and-hospitality

Mervin Jebaraj is the director of the Center for Business and Economic Research at the University of Arkansas.

Mervin Jebaraj is the director of the Center for Business and Economic Research at the University of Arkansas.