New report shows Jonesboro employment continues to grow - KAIT Jonesboro, AR - Region 8 News, weather, sports

New report shows Jonesboro employment continues to grow

(Source: AP Graphics Bank) (Source: AP Graphics Bank)
JONESBORO, AR (KAIT) -

A survey by the Federal Reserve Bank of St. Louis shows Jonesboro’s employment growth continues to outpace surrounding area.

Despite declines in goods-producing and government-sector payrolls, the survey found total nonfarm payroll employment rose modestly in the Memphis zone during the second quarter.

“Growth was also modest in Jackson, Tennessee, but was substantially faster in Jonesboro,” the report stated. “Jonesboro’s employment growth exceeded the nation’s growth for the ninth consecutive quarter.”

According to the survey, Jonesboro’s unemployment rate averaged 5.1 percent. That is considerably less than other Memphis-zone businesses included in the Fed’s Eighth District, which includes parts of Arkansas, Tennessee and Mississippi.

The Memphis zone’s overall unemployment rate averaged 7 percent in the second quarter of 2015. The unemployment rate in Jackson, TN averaged 6.2 percent and 6.6 percent in Memphis.

The national unemployment rate, according to the report, is 5.4 percent.

To read the full report, click here.

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