BATON ROUGE – Seasonally adjusted nonfarm jobs in Louisiana grew by 29,700 workers between March 2007 and March 2008, bringing the total number of jobs in the state to 1,939,700, the Louisiana Department of Labor announced today. This represents a small loss from last month’s figure of 1,939,900 but a healthy over-the-year increase.
Louisiana’s unemployment rate for March 2008 was 4.5 percent, up from the February 2008 revised rate of 3.7 and the March 2007 rate of 4.0 percent. The March 2008 unemployment rate for the United States was 5.1, an increase from the month-ago figure of 4.8 percent.
Louisiana’s civilian labor force – the number of people working and looking for work – for March 2008 was 2,017,178, up from 2,008,002 revised for February 2008. The number of employed in March was 1,925,740, a slight decrease from 1,932,826 for February. The number of unemployed in Louisiana for March 2008 increased to 91,438 from 75,176 for the previous month.
Unadjusted unemployment rates compare parishes and metropolitan statistical areas (MSAs) to the state. The March 2008 unadjusted unemployment rate for Louisiana was 4.3 percent, up from the revised February 2008 rate of 3.5 percent. The unemployment rates for the MSAs were: Alexandria, 4.3 percent, up from 3.5 percent in February 2008; Baton Rouge, 4.2, up from 3.4; Houma, 3.2, up from 2.5; Lafayette, 3.2, up from 2.6; Lake Charles, 4.2, up from 3.6; Monroe, 4.8, up from 3.9; New Orleans, 3.8, up from 3.1; and Shreveport-Bossier City, 5.1, up from February’s rate of 4.1 percent. Lafayette and Lafourche Parishes had the lowest unemployment rate of 3.1 percent in March 2008, while West Carroll Parish had the highest rate of 10.5 percent.
Preliminary seasonally adjusted statewide total nonfarm employment for March 2008 was 1,939,700 compared to 1,939,900 for the revised February 2008 figure, a slight decline of 200 jobs over the month. The sector breakdown was as follows: natural resources and mining, 51,700 employed in March 2008, up from 51,300 in February 2008; construction, 136,600, down from 137,500; manufacturing, 158,200, down from 159,300; trade, transportation, and utilities, 384,700, up from 383,400; information, 27,000, up from 26,500; financial activities, 96,800, down from 97,100; professional and business services, 202,500, up from 202,200; educational and health services, 252,200, up from 251,200; leisure and hospitality, 199,100, down from 199,500; other services, 68,200, up from 67,900; and government, 362,700, down from 364,000.
For more detailed information on March 2008 employment data for Louisiana, visit our Web site at http://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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