BATON ROUGE – Louisiana’s total nonfarm employment grew by 42,200 jobs over the year to a total of 1,946,700 jobs in August 2012, ranking the state seventh nationally in percentage growth, according to the federal figures released today.
The state’s seasonally adjusted private sector employment rose 2.5 percent over the year, pushing total private sector employment to 1,585,700 in August 2012. Louisiana tied for eighth in the nation in percentage of private sector growth over the year.
“Louisiana has now experienced two straight years of solid job growth,” LWC Executive Director Curt Eysink said. “With growth as strong as ours, most other states would like to be in our shoes.”
The state’s seasonally adjusted civilian labor force—a measure of the number of people working or looking for work—was 2,076,244 for August 2012, a gain of 23,639 over the year, but a loss of 4,265 over the month. The number of people employed statewide in August increased on a seasonally adjusted basis by 19,182 over the year and decreased by 180 over the month to a total of 1,922,466 in August. Louisiana’s seasonally adjusted unemployed was down by 4,085 over the month and up by 4,457 over the year to a total of 153,778 in August.
Louisiana’s seasonally adjusted preliminary unemployment rate decreased to 7.4 percent in August, down from 7.6 percent in July. The national unemployment rate in August was 8.1 percent, down from the July rate of 8.3 percent.
Last year, the federal Bureau of Labor Statistics 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.
Not seasonally adjusted estimates for metropolitan statistical areas (MSA) and parishes will be released on Tuesday, Sept. 25. For more detailed information on August 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 LOIS (Louisiana Occupational Information System) and Employment and Wage Data listed under Historical Data Analysis.
To view the BLS nonfarm estimates for the state, click here: http://data.bls.gov/pdq/querytool.jsp?survey=la.
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