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Unemployment rate drops 1.1% as state adds 18,500 jobs from October

Louisiana’s unemployment rate for November is 8.3%, which is down from October’s revised rate of 9.4 percent.
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Posted at 12:43 PM, Dec 18, 2020
and last updated 2020-12-18 13:57:00-05

BATON ROUGE, La.  — The Louisiana Workforce Commission says that Louisiana’s seasonally adjusted unemployment rate for November 2020 is 8.3 percent, which is down from October’s revised rate of 9.4 percent.

The unemployment rate is still higher than it was in November 2019 when the rate was at 5.2 percent.

According to a release from LWC, preliminary data for November 2020 released Friday by the Bureau of Labor and Statistics (BLS) shows that, since October 2020, seasonally adjusted nonfarm employment increased by 18,500 jobs from 1,879,100 to 1,897,600.

Lafayette gained 800 jobs from October 2020, but lost 9,200 jobs from November 2019.

Lake Charles gained 5,300 jobs from October 2020, but lost 14,400 jobs from November 2019.

From November 2019, seasonally adjusted nonfarm employment decreased by 90,200 jobs.

Since the height of the pandemic in April 2020, Louisiana seasonally adjusted nonfarm employment has added 175,200 jobs.

However, the LWC reported Friday that initial unemployment insurance claims for the week ending Dec. 12, 2020 rose to 9,289 from the week ending Dec. 5, 2020 total of 9,114.

For a comparison, during the week ending Dec. 14, 2019,there were 2,227 initial claims were filed.

The four-week moving average of initial claims decreased to 10,057 from the previous week’s average of 18,639.

The unemployment insurance continued claims for the week ending Dec. 12, 2020 decreased to 66,810 from the week ending Dec. 5, 2020 total of 75,004. The continued claims were above the comparable figure of 14,705 for the week ending Dec. 14, 2019.

The four-week moving average of continued claims decreased to 75,004 from the previous week’s average of 81,057.

Among Louisiana’s MSAs in November 2020, seasonally adjusted data shows:

  • Alexandria gained 500 jobs from October 2020, but lost 2,000 jobs from November 2019.
  • Baton Rouge gained 400 jobs from October 2020, but lost 16,000 jobs from November 2019.
  • Hammond showed no change from October 2020, but lost 2,300 jobs from November 2019.
  • Houma gained 3,000 jobs from October 2020, but lost 1,400 jobs from November 2019.
  • Lafayette gained 800 jobs from October 2020, but lost 9,200 jobs from November 2019.
  • Lake Charles gained 5,300 jobs from October 2020, but lost 14,400 jobs from November 2019.
  • Monroe gained 500 jobs from October 2020 and gained 1,200 jobs from November 2019.
  • New Orleans gained 10,000 jobs from October 2020, but lost 47,700 jobs from November 2019.
  • Shreveport gained 1,900 jobs from October 2020, but lost 7,400 jobs from November 2019.

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