Arkansas Unemployment Rate Drops To 3.8 Percent

Arkansas Unemployment Rate Drops To 3.8 Percent

Maine's February unemployment rate should be released March 24.

The rate for January has been tallied at 3.8 percent, down from 3.9 percent in December 2016. The state says 10 major industry sectors posted job losses in January, most of which were typical seasonal declines.

But as Arkansas saw unemployment decline, the US jobless rate increased one-tenth of a percentage point, rising from 4.7 percent in December to 4.8 percent in January. The largest over the month private sector job decline was in construction. As of the prior month's preliminary data, the Burlington-South Burlington Metropolitan NECTA was tied for the lowest unemployment rate in the country for all metropolitan areas at 2.1 percent (not-seasonally-adjusted). The national unemployment rate increased one-tenth of a percentage point over the same period to 4.8 percent.

Jobs in manufacturing increased by 2,100. Only Alaska at 6.5 percent and New Mexico at 6.7 percent have higher jobless rates, according to new numbers from the Bureau of Labor Statistics.

The annual growth rate of Colorado nonfarm payroll jobs was 2.3 percent in 2016, revised down from the previously published 2.6 percent.

In another sign of tightening conditions, the average work week for all private sector employees increased from 33.4 to 33.8 hours. Nonfarm payroll employment data are collected and compiled based on the Current Employment Statistics (CES) survey, conducted by the Vermont Department of Labor.

The employment to population ratio estimate of 61.3 percent remained above the US average of 59.9 percent.



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