Forecasting Falling Jobless Rate in Arkansas

Arkansas' unemployment rate should drop as the state replaces jobs lost in the manufacturing sector with service-sector jobs, a university economist says. The quarterly forecast by John Shelnutt, senior research economist at the University of Arkansas at Little Rock's Institute of Economic Advancement, was released Wednesday by UALR. In the report, titled "Relying on Services for Job Recovery," Shelnutt says Arkansas, like the rest of the country, is slowly recovering from major manufacturing job losses. …