Today, Gov. John Bel Edwards issued the following statement about Louisiana’s unemployment rate of 4.3 percent, which remains lower than it has been in 11 years. In Louisiana, the private sector has added jobs over the year for 18 straight months.
Gov. Edwards said:
“Today’s news that our unemployment rate continues to be at an 11-year low is another sign that our economy is improving and Louisiana is on the right track. The private sector has added jobs over the year for 18 straight months, our state’s GDP and personal income are both the highest on record, and we have the tenth fastest growing economy in the nation, according to federal data."
“Earlier this week, Moody’s upgraded our credit outlook from stable to positive based on our stabilized economy and improved budget picture, with our state going from massive budget deficits to surpluses. We’re finally investing in education again so that we’re better training the workforce for the future and in construction of our roads and bridges, which will not only create jobs in the future but will improve our infrastructure and make us more competitive.”
Facts about Louisiana’s workforce: