Not Seasonally Adjusted Unemployment Rate At Historic Low

BATON ROUGE, La. – Data released today by the Louisiana Workforce Commission showed that Louisiana’s not seasonally adjusted unemployment rate for June 2022 is 4.6 percent. This not seasonally adjusted rate is the lowest for the month of June in series history. This continues Louisiana’s record breaking numbers including the lowest ever recorded seasonally adjusted unemployment rate of 3.8 percent and highest number of employed for June 2022. The record low seasonally adjusted rate published last week made Louisiana one of eight states to set a all time low with the June release.

The rate shows an increase of 1.0 percentage points from the revised May 2022 not seasonally adjusted unemployment rate of 3.6 percent. The rate shows a decrease of 2.6 percentage points from the June 2021 rate of 7.2 percent. Historically, the not seasonally adjusted unemployment rate in Louisiana increases in June. With the exception of the COVID impacted figure in 2020, June has seen an over-the-month rise in the not seasonally adjusted employment rate every year since the series started in 1976. This is generally because of seasonal changes in weather and school schedules.

Since May 2022, the number of not seasonally adjusted employed individuals decreased by 1,884 from 2,020,278 to 2,018,394 in June 2022. When compared to June 2021, the number of not seasonally adjusted employed individuals increased by 76,383.

Since May 2022, the number of not seasonally adjusted unemployed individuals increased by 22,152 from 75,902 to 98,054 in June 2022. When compared to June 2021, the number of not seasonally adjusted unemployed individuals decreased by 51,754.

Not seasonally adjusted June 2022 unemployment rates for Louisiana’s nine MSA’s are as follows:

• Alexandria: 3.6 percent, up from 2.7 percent in May ,but down from 5.3 percent in June 2021.

• Baton Rouge: 4.2 percent, up from 3.2 percent in May ,but down from 6.7 percent in June 2021.

• Hammond: 5.7 percent, up from 4.4 percent in May ,but down from 8.3 percent in June 2021.

• Houma: 4.3 percent, up from 3.4 percent in May ,but down from 6.3 percent in June 2021.

• Lafayette: 4.1 percent, up from 3.2 percent in May ,but down from 6.6 percent in June 2021.

• Lake Charles: 4.2 percent, up from 3.4 percent in May ,but down from 7.1 percent in June 2021.

• Monroe: 4.3 percent, up from 3.4 percent in May ,but down from 6.5 percent in June 2021.

• New Orleans: 5.1 percent, up from 4.1 percent in May ,but down from 8.1 percent in June 2021.

• Shreveport: 4.6 percent, up from 3.6 percent in May ,but down from 7.1 percent in June 2021.

Louisiana’s not seasonally adjusted total nonfarm employment for June 2022 is 1,904,600, a decrease of 12,300 jobs from the May 2022 revised estimate of 1,916,900. When compared to June 2021, not seasonally adjusted nonfarm employment increased by 37,500 jobs. The June 2022 employment figure shows 15 consecutive over-the-year gains.

Louisiana’s not seasonally adjusted total private employment for June 2022 is 1,603,600, a decrease of 2,700 jobs from the May 2022 revised estimate of 1,606,300. When compared to June 2021, not seasonally adjusted private sector employment increased by 42,700 jobs. The June 2022 employment figure shows 15 consecutive over-the-year gains.

Industries that showed the largest gains for not seasonally adjusted jobs from May 2022:

Other Services gained 1,500 jobs from May 2022.

Manufacturing gained 1,400 jobs from May 2022.

Trade, Transportation, and Utilities gained 300 jobs from May 2022.

Industries that showed the largest gains for not seasonally adjusted jobs from June 2021:

Leisure and Hospitality gained 12,500 jobs from June 2021.

Professional and Business Services gained 9,800 jobs from June 2021.

Manufacturing gained 6,900 jobs from June 2021.

About the Louisiana Workforce Commission

The Louisiana Workforce Commission is an agency of state government that administers programs designed to enhance workforce growth and provide family-sustaining jobs for Louisiana residents. The commission monitors employment, administers unemployment compensation and tax funds, provides training resources for employers and employees and oversees worker compensation benefits. The agency also gathers and supplies information on the labor market and occupational sectors in Louisiana.