BATON ROUGE – Seasonally adjusted nonfarm jobs in Louisiana grew by 42,200 workers between October 2006 and October 2007, bringing the total number of jobs in the state to 1,924,000, the Louisiana Department of Labor announced today.
Louisiana’s unemployment rate for October 2007 was 3.3 percent, down from 4.4 percent for the prior month. The October 2006 revised rate was 4.3 percent. The October 2007 unemployment rate for the US remained the same as the September rate of 4.7 percent.
Louisiana’s civilian labor force – the number of people working or looking for work – for October 2007 was 1,987,819, down from 1,988,288, in September 2007. The number of employed in October was 1,921,764, an increase from 1,900,863 in September. The number of unemployed in Louisiana for October 2007 decreased to 66,055 from 87,425 in September 2007.
Unadjusted unemployment rates compare parishes and metropolitan statistical areas (MSAs) to the state. The October 2007 unadjusted unemployment rate for Louisiana was 3.0 percent, down from the preliminary September 2007 rate of 4.4 percent. The unemployment rates for the MSAs were: Alexandria, 2.9 percent, down from 4.2 percent in September 2007; Baton Rouge, 2.9, down from 4.1; Houma, 2.0, down from 2.9; Lafayette, 2.1, down from 3.1; Lake Charles, 2.9, down from 4.3; Monroe, 3.5, down from 4.9; New Orleans, 3.1, down from 4.5; and Shreveport-Bossier City, 3.5, down from 4.9. Lafourche and Terrebonne Parishes had the lowest unemployment rate of 2.0 percent in October 2007 while East Carroll Parish had the highest rate of 6.9 percent.
Preliminary seasonally adjusted statewide total nonfarm employment for October 2007 was 1,924,000, compared to 1,926,000 for the revised September 2007 figure, a decrease of 2,000 jobs over the month. The sector breakdown was as follows: natural resources and mining, 51,100 employed in October 2007, up from 50,700 in September 2007; construction, 137,600, down from 138,300; manufacturing, 153,200, down from 153,600; trade, transportation, and utilities, 385,200, down from 385,700; information, 25,900 up from 25,500; financial activities, 97,600, up from 97,300; professional and business services, 199,900, up from 199,800; educational and health services, 246,500, down from 247,200; leisure and hospitality, 197,500, down from 198,000; other services, 69,700, down from 70,000; and government, 359,800, down from 359,900 for last month.
For more detailed information on October 2007 employment data for Louisiana, visit our Web site at www.LAWORKS.net and select Labor Market Information from the left-side 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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