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Sunday, September 16, 2018



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Louisiana’s unemployment rate declines for eighth month in a row

Louisiana’s unemployment rate declines for eighth month in a row


Houma/Thibodaux area remains unchanged

BATON ROUGE – Louisiana’s seasonally adjusted unemployment rate decreased to 4.6 percent in December, the eighth consecutive month the unemployment rate has declined. Compared to December 2016, the unemployment rate has decreased 1.4 percentage points.

The last time the unemployment rate was lower was in March 2008.

“While there remains room for improvement, we are pleased to see consistent declines in the state unemployment rate and continued over-the-year improvement in job opportunities,” said Ava Dejoie, Executive Director of the Louisiana Workforce Commission. “The increasing vitality of the state’s labor market is evidenced by every new hire, and we expect to see additional growth moving forward.”

The Houma/Thibodaux unemployment rate remained unchanged, but lost 1,500 jobs from December 2016.

The number of seasonally adjusted employed individuals increased by 19,196 from November 2017 to 2,019,587. The number of seasonally adjusted employed individuals increased by 45,088 compared to the same time last year.

From November 2017, the number of seasonally adjusted unemployed individuals decreased to 97,337. This is the lowest number of seasonally adjusted unemployed individuals for the year, and also the lowest since May 2008.

Compared to December 2016, the number of seasonally adjusted unemployed individuals has declined by 28,578.

The increase in the civilian labor force this month positively affected the labor force participation rate, a measure indicating the share of residents engaged in the labor market. The labor force participation rate increased over the month from 58.2 percent to 58.7 percent.

Industries that showed the largest job gains appeared to be construction and manufacturing.

Among Louisiana’s metropolitan statistical areas (MSAs), remaining seasonally adjusted data shows:

• Alexandria gained 200 jobs from November 2017 and remained unchanged from December 2016.

• Baton Rouge gained 1,300 jobs from November 2017 and 9,000 jobs from December 2016. The Baton Rouge MSA has had 12 straight over-the-year increases.

• Houma remained unchanged from November 2017, but lost 1,500 jobs from December 2016.

• Lafayette lost 1,500 jobs from November 2017, but remained unchanged from December 2016.

• Lake Charles lost 700 jobs from November 2017, but gained 4,200 jobs from December 2016. The Lake Charles MSA has had over-the-year increases for 78 consecutive months.

• Monroe gained 200 jobs from November 2017 and 200 jobs from December 2016. The Monroe MSA has had 15 straight over-the-year increases.

• New Orleans lost 200 jobs from November 2017 and 5,800 jobs from December 2016.

• Shreveport gained 300 jobs from November 2017, but is down 2,100 jobs from December 2016.

• Hammond lost 200 jobs from November 2017, but is up 600 jobs from December 2016.