Covering Louisiana

Jul 25, 2014 2:51 PM by KATC

June jobs numbers set state records, yet unemployment edges upward

The Louisiana Workforce Commission announced that the state set a jobs record in two sectors last month, yet the state's unemployment percentage moved negligibly upward.

Private sector employment increased from May by 3,100 to 1,635,600 in June. That reflects an increase of 26,000 jobs over the course of the year. Total nonfarm employment gained 2,500 since May, attaining a record 1,970,700 in June. That's an increase of 19,200 for the year.

Despite the state's increase--as of June 30--in 19,200 in non-farm jobs during the previous year, Louisiana's unemployment rate in June hiked 0.1 percent.

"Employers in most industry sectors and throughout most of Louisiana continued to add jobs over-the-year. Our labor markets are doing well. Many states would like to be in our shoes," Louisiana Workforce Commission Executive Director Curt Eysink explained.

Over the month, four of the 11 industry sectors had increases in employment, six showed declines, and the mining and logging sector showed no change. After construction, the largest over-the-month increase was 1,500 jobs, seen in the manufacturing sector as well as the trade, transportation, and utilities sector. Leisure and hospitality posted an improvement of 1,200 jobs from May. The largest over-the-year decline was seen in professional and business services, which lost 1,000 jobs. The other services sector followed with a decline from May of 900, while government reported 600 fewer jobs. Information was down by 400, financial activities, 300, and education and health services, 100.

Over the year, eight sectors posted gains and three showed declines. After leisure and hospitality, the largest over-the-year gain was seen in professional and
business services, which increased by 6,600. Trade, transportation, and utilities followed by adding 5,400 jobs while construction gained 4,800. Education and health services saw 4,100 more jobs over the year, while manufacturing added 1,200. Smaller over-the year gains were seen in financial activities with 600, and other services, with 500. The largest over-the-year decline occurred in the government sector, which lost 6,800 jobs from last June. The information sector was down 4,000, while mining and logging reported a loss of 800.

The June 2014 preliminary seasonally adjusted unemployment rate for Louisiana was 5.0 percent, an increase from the May 2014 revised rate of 4.9 percent. The national unemployment rate for June was 6.1 percent, a decrease from the May rate of 6.3 percent. Total
unemployment in the state for June was 105,122. The state civilian labor force decreased to 2,106,539, with a decrease in total employment to 2,001,417.

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