An almost 1% decline in the state’s labor force combined with a scant increase in new jobs pushed the jobless rate to 6.2%, down from 7.2% in September but still higher than the 3.5% in October 2019.
The number of employed in Arkansas during October was an estimated 1,248,547, down 67,353 jobs, or 5.1% lower, compared with October 2019, according to the U.S. Bureau of Labor Statistics. The October numbers are preliminary and subject to revision. The report marked the seventh full month of COVID-19 impacts on the economy.
Decline in available workforce pushes Arkansas jobless rate lower in October - Talk Business & Politics
An almost 1% decline in the state's labor force combined with a scant increase in new jobs pushed the jobless rate to 6.2%, down from 7.2% in September but still higher than the 3.5% in October 2019. The number of employed in Arkansas during October was an estimated 1,248,547, down 67,353 jobs, or 5.1% lower, compared with October 2019, according to the U.S.