Louisiana sets new workforce record, over 2 million employed

Louisiana sets new workforce record, over 2 million employed
MGN Online
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Friday, April 18, 2014 - 4:40pm

Louisiana has set a new record for its workforce, with over 2 million residents employed.

According to new data released on April 18, from the Federal Bureau of Labor Statistics, 2,002,512 Louisiana residents were employed in the state’s civilian labor force, as of March 2014.

That’s an increase of 35,110 workers than this time last year.

Unemployment in Louisiana declined by 41,188 people over the past year, and declined by 1,438 from February to March. A total of 93,473 Louisianans people were unemployed in March.

Louisiana’s unemployment rate remained unchanged for March at 4.5 percent, giving the state the best unemployment rate in the 17-state southern region and tied for seventh lowest in the nation.

Governor Jindal said that the new data released today, is “another indication that Louisiana’s economy is growing at a remarkable rate. Because of all we have done to make Louisiana a great place to do business, we have now set another record for the number of people working, exceeding 2 million workers for the first time in Louisiana history.”

Jindal said the state’s increase in employment came from “overhauling the ethics code, revamping the workforce training system, cutting taxes, and improving our education system,” and that Louisiana’s “future is bright.”

The leisure and hospitality sector of the workforce had the biggest job gains of all sectors, adding 8,400 jobs over the year.

Coming in second place was the construction sector adding 3,600 jobs, followed by education and health services at 3,100 jobs each.

The government sector (comprised of federal, state and local jobs) saw its lowest drop in 20 years, down 6,400 to 336,000 jobs; its lowest point since July 1993.

Information and manufacturing sectors were also down losing 3,300 (Information) and 600 (Manufacturing).

The Louisiana Workforce Commission explained that the “Bureau of Labor Statistics uses a survey of 750 households to estimate the civilian labor force and unemployment rate.”

If you are looking for a job or looking for new people to hire visit: www.laworks.net; the website has helpful tools for both employees and employers.
 

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