Number of employed increase, Shreveport unemployment rate down over the year

BATON ROUGE – Data released by the Bureau of Labor and Statistics (BLS) show that the number of not seasonally adjusted employed individuals increased from 2,007,861 in June 2018 to 2,013,742 in June 2019, an increase of 5,881.

Since May 2019, the number of not seasonally adjusted employed individuals has increased by 5,719.

This is the fourth straight month that the not seasonally adjusted unemployment rate in all Metropolitan Statistical Areas (MSAs) has declined over the year.

Not-seasonally adjusted June 2019 unemployment rate for the Shreveport MSA are as follows was 5.7 percent, which is up from 4.4 percent in May, but down from 6.5 percent in June 2018.

The not seasonally adjusted civilian labor force, or the number of people who are employed in addition to those looking for work, increased by 33,133 from 2,093,896 in May 2019 to 2,127,029 in June 2019.

From June 2018, the number of not seasonally adjusted unemployed individuals has decreased from 130,667 to 113,287, a net decrease of 17,380.

Louisiana’s not seasonally adjusted unemployment rate decreased 0.8 percentage points from 6.1 percent in June 2018 to 5.3 percent in June 2019. Historically, the over the month May to June not seasonally adjusted rate increase average is 1.2 percent. This over the month not seasonally adjusted unemployment rate increase typically seen from May to June is due primarily to summer employment trends in the education and government sectors, particularly in higher education.