Unemployment rate at lowest since February 2008

BATON ROUGE – Based on Bureau of Labor and Statistics information released for March 2019, Louisiana’s not seasonally adjusted unemployment rate decreased 0.5 percentage points from February 2019 to 3.9 percent.

This is the lowest not seasonally adjusted unemployment rate since February 2008.

All nine not seasonally adjusted March 2019 metropolitan statistical areas (MSAs) unemployment rates for Louisiana decreased both over-the-month and over-the-year.

Not seasonally adjusted March 2019 unemployment rates for the Shreveport MSA was 4.1 percent, down from 4.7 percent in February and down from 4.9 percent from March 2018.

The over-the-month drop was tied for the seventh largest drop of not seasonally adjusted unemployment rates in the country. Compared to March 2018, the not seasonally adjusted unemployment rate decreased 0.7 percentage points. The over-the-year drop was tied for the sixth largest drop in the country.

The number of not seasonally adjusted unemployed individuals decreased by 11,409 from February 2019 to March 2019. From March 2018, the number of not seasonally adjusted unemployed individuals decreased by 16,402 to 80,506. This is the lowest number of not seasonally adjusted unemployed individuals since April 2008.

Not seasonally adjusted employed individuals increased by 14,432 from February 2019 to March 2019. From March 2018, the number of not seasonally adjusted employed individuals increased by 2,487 to 2,009,895.

The not seasonally adjusted civilian labor force, or the number of people who are employed in addition to those looking for work, increased by 3,023 to 2,090,401 from February 2019 to March 2019.