Today, Gov. John Bel Edwards released the following statement on Louisiana’s 13 straight month of over the year job growth in March, based on seasonally adjusted nonfarm employment.
March’s 3.9 percent not seasonally adjusted unemployment rate represents an over-the-month decline of 0.5 percentage points. The not seasonally adjusted unemployment rate has not been this low in Louisiana since April 2008. The national not seasonally adjusted unemployment rate for March is also 3.9 percent, according to data from the Bureau of Labor and Statistics (BLS).
In addition, the state’s seasonally adjusted unemployment rate is 4.7 percent for March, a decrease of 0.2 percentage points since February. This is the lowest seasonally adjusted employment since February 2018.
“Today’s news is further proof that Louisiana is on a steady course of growth that is paying off for our businesses, people and our state. We have made tremendous gains in building a stronger economy, adding jobs, providing more opportunities and training our people to meet the increased demands of the workforce. We know that our work is not complete and there’s more to accomplish but fortunately we are moving in the right direction.”
According to the BLS report:
Since March 2018, seasonally adjusted nonfarm employment has increased by 400 jobs. From February 2019, seasonally adjusted nonfarm employment has increased by 3,300 jobs to 1,984,600.
Seasonally adjusted private sector employment for March 2019 shows that Louisiana added 800 jobs from March 2018. This is also the thirteenth consecutive over-the-year increase for seasonally adjusted private sector employment. From February 2019, seasonally adjusted private sector employment increased by 2,900 jobs to 1,657,200.
Louisiana’s seasonally adjusted unemployment rate decreased from 4.9 percent in February 2019, to 4.7 percent in March 2019. This is the tenth month in the row that the seasonally adjusted unemployment rate has not increased over the month.