BATON ROUGE, La. (BRPROUD) — The Louisiana Workforce Commission reports that the state has reached its lowest unemployment rate ever recorded.
The agency said, according to the Bureau of Labor Statistics, Louisiana’s seasonally adjusted rate is 3.8%. LWC notes that the rate set a record itself, with a growth of almost 4,000 individuals in June 2022.
“From gas to groceries, the cost of everything is going up and it’s exciting to see more Louisianians working than ever before,” said Louisiana Workforce Commission Secretary Ava Cates. “As our workforce continues to grow in strength and skill, we have to continue investing in it to ensure people have the resources they need to maintain not just jobs, but family-thriving careers.”
LWC reported the following:
- Louisiana’s seasonally adjusted unemployment rate declined 0.2 percentage points from May 2022 and shows a 2.0 percentage point decline from June 2021. The seasonally adjusted unemployment rate has declined over the year for 16 consecutive months, and has not seen an over-the-month increase since April 2020.
- The June 2022 estimate for employed individuals is 2,027,830, a gain of 3,934 from May 2022. When compared to June 2021, the number of seasonally adjusted employed individuals increased by 77,709.
- Since May 2022, the number of seasonally adjusted unemployed individuals decreased by 3,669 from 83,464 to 79,795 in June 2022. When compared to June 2021, the number of seasonally adjusted unemployed individuals decreased by 41,086.
- The labor force participation rate, which measures people ages 16 to 64 working or looking for work, was 59.0 percent, remaining constant from May. The June 2022 rate gained 0.9 percentage points from June 2021.
The state’s workforce agency said as of the middle of June there were over 29,000 available jobs in Louisiana on its hiring website. LWC said Baton Rouge declined by 3,300 jobs from May 2022 but gained 7,600 jobs from June.
“There are good opportunities out there for job seekers, and LWC is here to connect them with the resources they need to land the job,” said Cates. “Job fairs and hiring events are constantly taking place around the state, and employers are eager to hire.”
Major industries showing the largest gains for seasonally adjusted jobs over the month, according to LWC:
- Manufacturing gained 900 jobs from May 2022.
- Other Services gained 600 jobs from May 2022.
- Education and Health Services gained 500 jobs from May 2022.
- Major industries that showed the largest gains for seasonally adjusted jobs over the year:
- Leisure and Hospitality gained 12,200 jobs from June 2021.
- Professional and Business Services gained 9,000 jobs from June 2021.
- Manufacturing gained 6,800 jobs from June 2021.
For more on the state’s employment data, visit LaWorks.net.