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Arkansas' unemployment rate dips to 7.4%

By The Associated Press

This article was published January 28, 2014 at 9:58 a.m.

State officials say Arkansas' unemployment rate dipped slightly to 7.4 percent in December, thanks to gains in employment and an increase in the state's labor force.

The Arkansas Department of Workforce Services said Tuesday that December's rate was down one-tenth of a percentage point from November. The agency said five sectors reported job losses in December, with the largest drop coming in leisure and hospitality positions.

But the trade, transportation and utilities sector increased by 1,600 jobs, with most of the hiring happened at retail stores for the holidays.

Arkansas' unemployment rate remains above the national average of 6.7 percent in December.

Read tomorrow's Arkansas Democrat-Gazette for full details.

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