Shreveport, LA – According to the state officials, for the second month in a row, the state set a record for its lowest unemployment rate ever as the Bureau of Labor Statistics reported the state’s seasonally adjusted rate is 3.6 percent.
The July 2022 estimate for employed individuals is 2,027,635, the 2nd largest figure in series history.
Louisiana’s seasonally adjusted unemployment rate declined 0.2 percentage points from June 2022 and shows a 1.9 percentage point decline from July 2021, officials said.
The seasonally adjusted unemployment rate has declined over the year for 17 consecutive months, and has not seen an over-the-month increase since April 2020.
The July 2022 estimate for employed individuals is 2,027,635, the 2nd largest figure in series history. When compared to July 2021, the number of seasonally adjusted employed individuals increased by 75,915.
Among Louisiana’s MSAs in July 2022, seasonally adjusted data shows: Shreveport (177,200 jobs) added 1,600 jobs from June 2022 and gained 5,700 jobs from July 2021.
Gov. John Bel Edwards released the following statement:
“I am very happy to announce that Louisiana has set another record-low for unemployment. The unemployment rate is now 3.6%, breaking last month’s record of 3.8%. While we still face many challenges, more of our people are working than ever before.
I want to remind Louisianans that this is a great opportunity to take advantage of our state’s nation-leading workforce training programs.
A great way to fight inflation and high energy costs is to give yourself the skills and qualifications needed to get a high-paying job.
The Louisiana Workforce Commission and our four and two-year higher education institutions are here to help.”