- Associated Press - Tuesday, July 21, 2015

Louisiana’s unemployment rate dipped in June as people left the labor force, even as employer payrolls showed strength.

The state’s jobless fell to 6.4 percent after three months at 6.6 percent. The unemployment rate remained above June 2014’s 6.2 percent rate.

The number of people who told surveyors they had a job was flat at near-record levels. The number of people in the labor force fell by more than 4,000, though, reducing the unemployment rate. The report found 141,000 Louisianans unemployed in June. That’s down 4,000 from May, but nearly 9,000 above June 2013.

The figures - adjusted to cancel out seasonal changes - were released Tuesday by the U.S. Labor Department. Unemployment rates fell in 21 states in June, rose in 12, and were flat in 17. Louisiana tied for the nation’s sixth-highest jobless rate.

The national unemployment rate fell to 5.3 percent in June from 5.5 percent in May. It was down from 6.1 percent a year ago.

The unemployment rate is calculated by a survey asking how many people are looking for a job. A second survey asks employers how many people are on their payrolls, a measure many economists use as their top labor market indicator.

Louisiana payrolls rose by 5,000 in June. After declines in January, February and March, payroll growth has resumed in Louisiana, with employers reporting 13,000 more jobs than in June 2014. Louisiana is close again to its all-time high for payrolls, recorded last December, and nonfarm employment numbers are 2.8 percent higher than before the recession.

Jobs rose in construction, financial activities, professional and business services, education and health services. Jobs fell in trade, transportation and utilities and leisure and hospitality while they were flat in manufacturing and government.

The broadest measure of those who are unemployed averaged 12 percent in Louisiana for the year ending in March, the most recent figures released. That includes people who look for work only sporadically, who have given up looking, or who work part-time because they can’t find a full-time job.

Nationwide, that broad measure averaged 11.6 percent during the same period.

___

Follow Jeff Amy at: https://twitter.com/jeffamy

LOAD COMMENTS ()

 

Click to Read More

Click to Hide