Louisiana’s October Jobless Rate Lowest in More Than 3 Years

Louisiana’s seasonally adjusted unemployment rate fell to 6.6 percent in October, the lowest it has been since April 2009, the federal Bureau of Labor Statistics reported.

Louisiana’s unemployment rate improved 0.4 percentage points over the month, fueled by an increase from September of 13,145 more people working and a decrease of 6,431 unemployed, according to seasonally adjusted estimates by the BLS.

The national unemployment rate, meanwhile, rose to 7.9 percent, a 0.1 percent increase, according to the Louisiana Workforce Commission, which released the summary of the BLS’ findings.

A BLS survey of Louisiana employers showed October was Louisiana’s 26th straight month of over-the-year private sector job gains.

The state added 26,400 nonfarm jobs over the year and 12,200 jobs over the month.

Louisiana’s over-the-month increase in employment of 0.6 percent was second only to Utah.

The October unemployment rate for Louisiana was tied for 16th lowest in the nation, and third lowest in the South.

The October rate for the South was 7.6 percent.

The state’s civilian labor force­­­ — the number of people working or looking for work — was 2,078,780 in October, an increase of 21,296 over the year and 6,714 over the month.

The number of employed in October was 1,940,995, up by 30,422 since October 2011 and the highest since January 2009.

The number of unemployed was 137,785 for October, a decrease of 9,126 over the year and the lowest since April 2009.

Not seasonally adjusted private sector employment for October grew by 19,200 jobs over the month and 29,300 jobs over the year.

Louisiana’s unadjusted unemployment rate, comparable to MSAs and parishes, in October was the same as the September rate of 6.3 percent, but down from the October 2011 rate of 7.1 percent.

Unemployment rates for each of the MSAs showed a slight increase or decrease of less than a half of a percent from September to October 2012, and each area reflected declines when compared to the October 2011 figures.