BATON ROUGE— The number of jobs and amount of wages in Louisiana during the third quarter of 2008 both showed strong gains over the same period in 2007, according to the “Louisiana Employment and Wages – Third Quarter 2008” report released today by the Louisiana Workforce Commission (LWC).
The number of jobs in Louisiana rose by 12,307 and the average weekly wage increased 5.6 percent to $756 in the third quarter 2008 over the same period in 2007, according to the report. The growth in Louisiana's average weekly wage was the fourth fastest in the country, according to the federal Bureau of Labor Statistics. The average weekly wage across the country increased 2.8 percent.
The average quarterly employment for Louisiana during the third quarter of 2008 was 1,878,749, an increase of 0.7 percent from the third quarter of 2007, and a decrease of 1.1 percent from the second quarter of 2008. Employment increased in 13 of the 20 NAICS sectors from the third quarter 2007.
Total wages increased 6.3 percent over the same period in 2007, and decreased 0.2 percent over the second quarter of 2008.
“This data shows seasonal variation from the spring to the summer of 2008. It also confirms Louisiana’s job growth during 2008 over 2007, in contrast to much of the rest of the country,” LWC Executive Director Tim Barfield said.
In addition, the increases in average weekly wages over the same period in several Louisiana parishes ranked highly against counties across the country, according to BLS. Those parishes and their rankings are:
Calcasieu Parish, 5th in the US.
Lafayette Parish, 10th.
East Baton Rouge Parish, 12th.
Caddo Parish, 15th.
St. Tammany Parish, 46th.
The LWC report is based on quarterly tax returns from all employers covered by unemployment insurance and consists of a listing by parish of the total number of units, number employed, total wages earned, and average weekly wage in the following sectors:
Agriculture, forestry, fishing, and hunting
Transportation and warehousing
Finance and insurance
Real estate and rental and leasing
Professional and technical services
Management of companies and enterprises
Administrative and waste services
Health care and social assistance
Arts, entertainment, and recreation
Accommodation and food services
The full report is available at the Louisiana Workforce Commission Web site, http://www.laworks.net. Employers researching work sites can use the report to compare employment and quarterly wages paid by industry in potential locations. The report also can provide data for market and consumer analysis as well as administration and evaluation of manpower programs and policies.
How to find the report (Excel files):
http://www.laworks.net >Labor Market Information > Quarterly Census of Employment and Wages.
For additional labor market information:
Louisiana Workforce Commission Research and Statistics Division
P. O. Box 94094, Baton Rouge, LA 70804-9094
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