Monday, March 18, 2024

Bad news for Shreveport employment, good news for Louisiana

by BIZ Magazine

BATON ROUGE – Preliminary data released today by the Bureau of Labor and Statistics (BLS) shows that Louisiana seasonally adjusted nonfarm employment has now seen five over-the-year consecutive gains.

Seasonally adjusted private-sector employment increased by 11,000 jobs from 1,655,000 in December 2018 to 1,666,000 in December 2019. Seasonally adjusted private-sector employment has added jobs over the year for 22 straight months.

The Shreveport Metropolitan Statistical Areas (MSA) lost 2,800 jobs from December 2018 and 2,100 jobs from November 2019.

Industries that showed the largest gains for seasonally adjusted jobs:

• Leisure and Hospitality gained 4,600 jobs from December 2018 and 1,200 jobs from November 2019. Leisure and Hospitality is at an employment high at 241,800 jobs.

• Manufacturing gained 5,000 jobs from December 2018 and 600 jobs from November 2019.

• Mining and Logging gained 1,400 jobs from December 2018 and 900 jobs from November 2019.

• Other Services, which includes industries engaged in activities such as equipment-and-machinery repair services, gained 900 jobs from December 2018 and 100 jobs from November 2019.

Louisiana’s seasonally adjusted civilian labor force, or the number of people who are employed in addition to those looking for work, increased by 2,427 from 2,099,773 in December 2018 to 2,102,200 in December 2019. From November 2019, Louisiana’s seasonally adjusted civilian labor force increased by 3,331.

The number of seasonally adjusted employed individuals increased by 1,676 from 1,997,098 in December 2018 to 1,998,774 in December 2019.

Not Seasonally Adjusted Data

Not seasonally adjusted nonfarm employment increased by 8,300 jobs from 1,991,000 in December 2018 to 1,999,300 in December 2019. Not seasonally adjusted private sector employment increased by 10,700 jobs from 1,659,500 jobs in December 2018 to 1,670,200 jobs in December 2019.

Louisiana’s not seasonally adjusted civilian labor force, or the number of people who are employed in addition to those looking for work, increased by 8,201 from 2,083,413 in December 2018 to 2,091,614 in December 2019.

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