BATON ROUGE – Louisiana’s unemployment rate dropped to 5.8 percent, a 0.8 percent decline that was the best in the country and the lowest the state rate has been since January 2009, the federal Bureau of Labor Statistics reported today.
Louisiana’s private sector employers added 43,000 jobs in November, the fifth-largest increase during a 27-month streak of over-the-year gains. The state’s private sector employment for November totaled 1,604,100, up 2.8 percent over the year.
“Our education system, workforce development system and overall business climate are all much improved, positioning us for more growth in the future,” said Louisiana Workforce Commission Executive Director Curt Eysink. “Louisiana has an ever-increasing number of opportunities for people to get great jobs.”
The national unemployment rate in November was 7.7 percent, and the Southern regional average rate was 7.3 percent.
Louisiana’s seasonally adjusted civilian labor force – the total number of people working and looking for work – totaled 2,077,489 in November, an increase of 17,753 over the year. The number of employed in November was 1,957,541, up 43,269 over the year, while the number of unemployed dropped to 119,948, down 25,516 over the year. Compared to the previous month, 17,809 fewer people were out of work in November.
Total seasonally adjusted nonfarm employment in November was 1,964,000, an increase of 16,900 over the month, the largest percentage increase in the country. Only North Carolina, Florida and Texas had larger increases in total nonfarm employment from October to November.
Not seasonally adjusted private sector employment for November grew by 17,800 jobs over the month and 41,700 over the year. The BLS estimates nonfarm employment from a survey of employers. Seasonally adjusted data are used to compare states and to compare states to the nation. Not seasonally adjusted data are used to compare areas within the state to each other and to the state as a whole.
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 for areas that are smaller than the state, such as metropolitan statistical areas, and for industry sectors or subsectors.
Louisiana’s unadjusted unemployment rate, comparable to MSAs and parishes, in November was 4.6 percent, a 1.6 percent drop from the previous month.
For more detailed information on November 2012 employment data for Louisiana, visit Louisiana’s employment homepage at www.laworks.net and select Labor Market Information from the top right-hand menu. Then select Monthly Employment Bulletin – Workforce At A Glance or Monthly Employment Statistics Press Release for the latest monthly nonfarm and labor force data.
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