July 2022 unemployment rate declines over the year again

BATON ROUGE, La. – Data released today by the Louisiana Workforce Commission shows that Louisiana’s not seasonally adjusted unemployment rate for July 2022 is 4.5 percent. This is the 2nd lowest not seasonally adjusted unemployment rate for the month of July in the history of the series. The rate shows a decrease of 0.1 percentage points from the revised June 2022 not seasonally adjusted unemployment rate of 4.6 percent. The rate shows a decrease of 1.8 percentage points from the July 2021 rate of 6.3 percent, and is the 17th straight rate decline over the year.

Since June 2022, the number of not seasonally adjusted employed individuals increased by 1,982 from 2,019,022 to 2,021,004 in July 2022. When compared to July 2021, the number of not seasonally adjusted employed individuals increased by 55,101.

Since June 2022, the number of not seasonally adjusted unemployed individuals decreased by 1,898 from 97,995 to 96,097 in July 2022. When compared to July 2021, the number of not seasonally adjusted unemployed individuals decreased by 35,486.

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

• Alexandria: 3.6 percent, unchanged from June, but down from 4.6 percent in July 2021.

• Baton Rouge: 4.1 percent, down from 4.2 percent in June and down from 5.9 percent in July 2021.

• Hammond: 5.6 percent, down from 5.8 percent in June and down from 7.4 percent in July 2021.

• Houma: 4.2 percent, down from 4.3 percent in June and down from 5.4 percent in July 2021.

• Lafayette: 4.0 percent, down from 4.1 percent in June and down from 5.7 percent in July 2021.

• Lake Charles: 4.1 percent, down from 4.2 percent in June and down from 6.1 percent in July 2021.

• Monroe: 4.3 percent, unchanged from June, but down from 5.7 percent in July 2021.

• New Orleans: 5.0 percent, down from 5.1 percent in June and down from 7.1 percent in July 2021.

• Shreveport: 4.6 percent, unchanged from June, but down from 6.1 percent in July 2021.

Louisiana’s not seasonally adjusted total nonfarm employment for July 2022 is 1,911,400, an increase of 2,900 jobs from the June 2022 revised estimate of 1,908,500. When compared to July 2021, not seasonally adjusted nonfarm employment increased by 42,500 jobs. The July 2022 employment figure shows 16 consecutive over-the-year gains.

Louisiana’s not seasonally adjusted total private employment for July 2022 is 1,614,700, an increase of 7,500 jobs from the June 2022 revised estimate of 1,607,200. When compared to July 2021, not seasonally adjusted private sector employment increased by 46,400 jobs. The July 2022 employment figure shows 16 consecutive over-the-year gains.

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

Professional and Business Services gained 5,600 jobs from June 2022.

Education and Health Services gained 3,300 jobs from June 2022.

Other Services gained 600 jobs from June 2022.

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

Professional and Business Services gained 14,800 jobs from July 2021.

Leisure and Hospitality gained 9,300 jobs from July 2021.

Manufacturing gained 7,200 jobs from July 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.