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Wednesday, July 17, 2019

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Payrolls fall and jobless rate rises in Louisiana in July

Payrolls fall and jobless rate rises in Louisiana in July

NEW ORLEANS (AP) — Louisiana had fewer jobs and fewer workers in July, as weakness reasserted itself in the state's economy.

The Louisiana unemployment rate ticked up to 6.3 percent after falling to 6.2 percent in June. Louisiana's year-ago jobless rate was 6.1 percent.

Workers left the labor force, but the number of unemployed Louisianans was flat at 135,000 from June.

Louisiana had July's fourth-highest jobless rate among states, with Alaska worst at 6.7 percent. The nationwide jobless rate was 4.9 percent.

Employer payrolls, used by many economists as their top labor market indicator, fell slightly in July, and were 14,000 below July 2015 levels. Louisiana payrolls have stabilized after oil and gas employment dropped.

Both sets of figures, adjusted to cancel out seasonal changes, were released Friday by the U.S. Labor Department.

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