The unemployment rate in Logan County in October has been placed at 3.9 percent, according to data recently released by the state’s Department of Workforce Services. That’s the lowest level of the year. October is the latest month for which county wide statistics are available.
The 3.9 percent rate in Logan County was one-tenth of a percent lower than the October Arkansas unemployment rate of 4 percent.
Previously, lowest jobless rates of 2016 in Logan County were 4.7 percent in March and a 4.2 percent rate in April. The October rate showed a seven-tenths of a percentage point drop from the 4.6 percent rate recorded in September. The jobless rate in October 2015 was put at 5.2 percent.
According to the data, in October there were 8,804 people employed in Logan County compared to 360 people without jobs.
Arkansas’ seasonally adjusted unemployment rate remained stable at 4 percent between September and October. Arkansas’ civilian labor force declined 2,173, a result of 1,805 fewer employed and 368 less unemployed Arkansans.
Bureau of Labor Statistics Program Operations Manager Susan Price said, “Arkansas’ unemployment rate remained unchanged at 4 percent in October, as the fluctuations in employment and unemployment were not significant enough to impact the rate.”
Arkansas’ jobless rate is down nine-tenths of a percentage point over the year.
Arkansas’ nonfarm payroll jobs increased 4,300 in October to total 1,237,800. Seven major industry sectors posted gains, while four sectors declined. Government added 1,900 jobs. Expansions occurred in both local (up 1,100) and state (up 800) government, as public school employment reaches full capacity. Jobs in educational and health services rose 1,700, mostly in health care and social assistance (up 1,300). Professional and business services increased 1,500. Most of the gains were posted in administrative and support services (up 1,300), a subsector which includes employment agencies. Leisure and hospitality declined 1,500. A majority of the loss occurred in arts, entertainment, and recreation (down 1,000), a typical seasonal decrease.
Compared to October 2015, nonfarm payroll employment in Arkansas is up 11,700.
Growth was posted in six major industry sectors, while employment in four sectors decreased. Educational and health services rose 7,500. A majority of the increase occurred in health care and social assistance (up 7,200). Professional and business services added 4,600 jobs, spread throughout all three subsectors. Jobs in leisure and hospitality rose 1,600, mostly in food services (up 1,300). Employment in financial activities is up 1,100. All additions were posted in finance and insurance. Manufacturing declined 1,500. Losses in durable goods (down 3,300) more than offset gains in nondurable goods (up 1,800). Jobs in mining and logging decreased 1,300.