Started By
Message

Louisiana's unemployment rate is nearly 2 points higher than the national average

Posted on 7/31/18 at 5:21 pm
Posted by goofball
Member since Mar 2015
16855 posts
Posted on 7/31/18 at 5:21 pm
quote:

Baton Rouge leads Louisiana metro job growth for 12 months through June, adding 8,800 jobs

LINK

Baton Rouge scored the biggest job growth of any of Louisiana’s nine metropolitan areas in June, adding 8,800 jobs — a 2.2 percent gain — over the same period a year earlier.

The state added 21,200 nonfarm jobs in June, a nearly 1.1 percent gain from June 2017. That was the ninth consecutive month the state had a year-over-year job increase. Seven of the state's metro areas posted gains for the 12-month period. Only Lafayette lost jobs, while Houma-Thibodaux was flat.


Looking at the trends, upstream oil and gas employers are still shedding jobs in Louisiana.

quote:

Baton Rouge had 414,400 nonfarm jobs in June, compared to 405,600 a year ago. The gains were powered by construction, up 2,300 jobs for a 4.5 percent gain, and accommodation and food services, up by 1,700 jobs for a nearly 5 percent gain. The Capital Region was down 500 information jobs from June 2017, an 8.5 percent drop.

LAFAYETTE: The Acadiana region, which has been hard hit by low crude oil prices, continued to shed jobs. There were 400 fewer jobs in the area than a year earlier for a 0.2 percent drop. Mining, logging and construction dropped by 700 jobs, or 2.9 percent. Retail trade was down by 600 jobs, or 2 percent. Manufacturing added 900 jobs, a 6 percent gain.

NEW ORLEANS: The Crescent City added 4,300 nonfarm jobs, a 0.8 percent gain from a year ago. The information sector picked up 1,000 jobs, a 15.2 percent gain. Hospitals added 2,100 jobs, a 9.3 percent gain. Professional and business services shed 1,600 jobs, a 2.1 percent drop from June 2017.


If the above seemed bad, this is even worse:

quote:

Statewide, the nonseasonally adjusted unemployment rate in June was 6.1 percent, up from 5.8 percent a year ago and above the national unemployment average of 4.2 percent. Baton Rouge's unemployment rate was 5.4 percent, up from 5.2 percent; New Orleans, 5.8 percent, up from 5.5 percent; and Lafayette, 6.1 percent, down from 6.2 percent.


Louisiana's unemployment rate is climbing while the rest of the country is seeing reduced unemployment. All of the largest metropolitan areas in Louisiana have higher unemployment than the national average, with Lafayette leading the way at 6.1%.

Louisiana's unemployment rate is nearly 2 points higher than the national average right now and trending worse.
Posted by SabinBear
Member since Jan 2018
1145 posts
Posted on 7/31/18 at 5:22 pm to
People like Louisiana for the culture, not for the jobs.
This post was edited on 7/31/18 at 5:25 pm
Posted by Tigerbait357
Member since Jun 2011
67860 posts
Posted on 7/31/18 at 5:22 pm to
Posted by Bucktail1
Member since Feb 2015
3186 posts
Posted on 7/31/18 at 5:24 pm to
Bitch, hunting season is about to start. Ain't nobody got time to start a new job right now.
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75137 posts
Posted on 7/31/18 at 5:24 pm to
It was 10 years ago that Louisiana was doing just the opposite and had super low unemployment. I recall articles from 2008-2010 stating that Baton Rouge and New Orleans were “recession proof”.
Posted by 50_Tiger
Dallas TX
Member since Jan 2016
39977 posts
Posted on 7/31/18 at 5:27 pm to
You can pile this into the other thread about why the locals keep their head in the sand.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
25455 posts
Posted on 7/31/18 at 5:27 pm to
quote:

Statewide, the nonseasonally adjusted unemployment rate in June was 6.1 percent, up from 5.8 percent a year ago and above the national unemployment average of 4.2 percent. Baton Rouge's unemployment rate was 5.4 percent, up from 5.2 percent; New Orleans, 5.8 percent, up from 5.5 percent; and Lafayette, 6.1 percent, down from 6.2 percent.



I honestly don't understand how this is possible. O&G is up and nationally unemployment and labor participation are at record highs.it would make more sense if gas was in the shitter or something. In any event, that is a really bad sign.
Posted by Jones
Member since Oct 2005
90447 posts
Posted on 7/31/18 at 5:28 pm to
Its because most people cant piss in a cup and there not be an assortment of drugs in it
Posted by tgrbaitn08
Member since Dec 2007
146214 posts
Posted on 7/31/18 at 5:29 pm to
quote:

I recall articles from 2008-2010 stating that Baton Rouge and New Orleans were “recession proof”.


La was recession proof until the end of 2014
Posted by tgrbaitn08
Member since Dec 2007
146214 posts
Posted on 7/31/18 at 5:31 pm to
quote:

Its because most people cant piss in a cup and there not be an assortment of drugs in it


People are retiring and the new crop is either moving or they can’t pass a piss test. The rest just flat out dont want to work. fricking millennials
Posted by fallguy_1978
Best States #50
Member since Feb 2018
48355 posts
Posted on 7/31/18 at 5:31 pm to
quote:

Its because most people cant piss in a cup and there not be an assortment of drugs in it

Or they are convicted felons.
Posted by tgrbaitn08
Member since Dec 2007
146214 posts
Posted on 7/31/18 at 5:34 pm to
There are a shite ton of jobs available in La. Just can’t find the right people to fill them.
Posted by goofball
Member since Mar 2015
16855 posts
Posted on 7/31/18 at 5:40 pm to
Where are all of the big CapEx projects and industrial expansions?

It's like they stopped announcing them about 4-5 years back. I know a few are still underway, but it's like we are in a dry spell.

Low natural gas prices should encourage manufacturing activity, right?
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75137 posts
Posted on 7/31/18 at 5:42 pm to
Like the Sasol project in LC?
Posted by keakar
Member since Jan 2017
29883 posts
Posted on 7/31/18 at 5:48 pm to
i wants dont want any job unless starting salary is $100k and has flex hours
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 7/31/18 at 5:51 pm to
While bad. Louisiana’s economy is typically countercyclical to the national economy.
Posted by GrammarKnotsi
Member since Feb 2013
9323 posts
Posted on 7/31/18 at 5:52 pm to
quote:

Its because most people cant piss in a cup and there not be an assortment of drugs in it

Or they are convicted felons.


or didn't go to LSU
Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
25917 posts
Posted on 7/31/18 at 5:53 pm to
I require a $1.5 mil signing bonus, three breaks a day, healthcare for life, life insurance, 9 weeks of paid vacation, 4 weeks of medical leave, $350 a week, a fully vested 401k, oh and dental insurance.
Posted by tigercross
Member since Feb 2008
4918 posts
Posted on 7/31/18 at 6:11 pm to
Louisiana's rate of people with IQs below 90 is probably also higher than the rest of the country. I wonder if there is a relationship there.
Posted by fishfighter
RIP
Member since Apr 2008
40026 posts
Posted on 7/31/18 at 6:14 pm to
Y'all want the real answer? Dam dipshit governor is the problem wanting to spend, spend and more spend. More taxes on companies. They running.
first pageprev pagePage 1 of 4Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram