BATON ROUGE – Louisiana's private sector added 50,400 jobs from June 2011 to June 2012, the highest over-the-year growth in 22 consecutive months of private sector job gains.
Louisiana’s total private sector employment climbed to 1,586,900 in June, despite an over-the-month decline of 500 jobs, according to the most recent monthly survey of employers by the U.S. Bureau of Labor Statistics. Similarly, total nonfarm employment for June rose to 1,947,000 on a seasonally adjusted basis, up 52,700 jobs from June 2011, although down 1,500 jobs from the previous month.
A separate BLS survey of households shows the civilian labor force – the number of people working plus those looking for work – grew by 26,832 over the year, to a seasonally adjusted total of 2,080,716.
The seasonally adjusted unemployment rate – the proportion of the civilian labor force who are unemployed – increased 0.3 percent over the month to 7.5 percent. The jobless rate in June for the South was 7.8 percent, while the national unemployment rate remained unchanged at 8.2 percent.
“These numbers are useful in identifying trends over time, and the clearest trend is Louisiana continues to see consistent, healthy growth in private sector jobs,” said LWC Executive Director Curt Eysink.
Last year, BLS implemented a new method to estimate nonfarm employment that greatly reduces state input into the results. The effect has been greater variability from one month to the next, particularly in figures for areas smaller than the state, such as metropolitan statistical areas, and for industry sectors or subsectors.
BLS estimates from its survey of households show the number of people employed statewide decreased on a seasonally adjusted basis by 2,062 from May to June, but increased by 22,166 over the year, to a total of 1,925,356. The number of unemployed was up by 5,703 over the month, and up 4,666 over the year, to a total of 155,360 in June. Overall, the labor force grew by 3,641 over the month, according to BLS.
Not seasonally adjusted estimates for MSAs and parishes will be released on Wednesday, July 25. For more detailed information on the June 2012 employment data for Louisiana, visit the LWC website at www.laworks.net and select Labor Market Information from the top right-hand menu. Then select Labor Force Summaries or Nonfarm Employment.
To view the BLS nonfarm estimates for the state, click here: http://data.bls.gov/pdq/querytool.jsp?survey=la.
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