Louisiana’s unemployment rate drops

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Louisiana’s unemployment rate remains on the decline. 

In October, the state’s unemployment rate decreased to 4.8 percent.

This figure is 0.3 percentage points lower than September’s rate of 5.1 percent. This is the sixth consecutive month the unemployment rate has declined. 

“The best social program out there is a good job, and more and more people in Louisiana are finding work.  We’re continuing to see a decline in Louisiana’s unemployment rate, and our state’s economy is turning around” said Governor John Bel Edwards. 

“I have said before that Louisiana’s brightest days are ahead of us, and these unemployment figures are further evidence of that” Gov. Edwards continued.

Among Louisiana’s metropolitan statistical areas (MSAs), remaining seasonally adjusted data shows:

• Baton Rouge lost 800 jobs from September 2017, but is up 4,100 jobs from October 2016. The Baton Rouge MSA has had ten straight over-the-year increases.

• Monroe gained 300 jobs from September 2017 and is up 500 jobs from October 2016. The Monroe MSA has had 13 straight over-the-year increases.

• New Orleans lost 1,600 jobs from September 2017, but is up 400 jobs from October 2016.

• Shreveport lost 1,000 jobs from September 2017 and is down 2,600 jobs from October 2016.
 

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