BATON ROUGE – The number of people employed in August 2018 was 2,023,966 – the second-highest in series history for the month of August.
For the past eleven months, nonfarm seasonally adjusted employment has added jobs over the year; from August 2017, seasonally adjusted nonfarm employment increased by 15,900 jobs to 1,986,100. From August 2017, seasonally adjusted private-sector employment increased by 18,700 jobs to 1,662,400.
Seasonally adjusted private-sector employment has also added jobs over the year for the past eleven months; from July 2018, seasonally adjusted private-sector employment increased by 200 jobs. Seasonally adjusted private-sector employment has added jobs over the month in seven out of the past nine months.
Industries that showed the largest gains for seasonally adjusted jobs:
• Manufacturing gained 5,400 jobs from August 2017 and 600 jobs from July 2018.
• Other Services gained 2,600 jobs from August 2017 and 1,000 jobs from July 2018. Other Services includes industries engaged in activities such as equipment and machinery repair and services. The Other Services sector is at an employment record.
• Financial Activities gained 800 jobs from August 2017 and 1,200 jobs from July 2018.
Among other seasonally adjusted sectors in August:
• Professional and Business Services gained 4,000 jobs from August 2017, but lost 200 jobs from July 2018.
• Education and Health Services gained 3,400 jobs from August 2017, but lost 600 jobs from July 2018.
“August marks the end of summer, which, historically, has proven to be a transitional month in terms of the labor force,” said Ava Dejoie, Secretary of the Louisiana Workforce Commission. “LWC will continue its proactive approach to workforce development by hosting job fairs and helping companies train their employees through programs such as our Incumbent Worker Training Program (IWTP). Since the beginning of August, the LWC has approved 54 IWTP applications from Louisiana employers, worth more than $4.81 million, creating 508 new jobs and retaining 8,754 jobs. LWC is committed to the workforce needs of Louisiana’s employers, workers and job seekers.”
Metropolitan Statistical Areas (MSAs)
Among Louisiana’s MSAs, seasonally adjusted data shows:
• Alexandria gained 100 jobs from August 2017, but lost 100 jobs from July 2018.
• Baton Rouge gained 5,800 jobs from August 2017 and 100 jobs from July 2018.
• Hammond gained 800 jobs from August 2017 and 100 jobs from July 2018.
• Houma lost 100 jobs from August 2017 and 100 jobs from July 2018.
• Lafayette gained 200 jobs from August 2017 and 500 jobs from July 2018.
• Lake Charles gained 2,600 jobs from August 2017 and 300 jobs from July 2018. The Lake Charles MSA is at an employment record.
• Monroe gained 600 jobs from August 2017, but remained unchanged from July 2018.
• New Orleans gained 3,400 jobs from August 2017, but lost 3,000 jobs from July 2018.
• Shreveport lost 400 jobs from August 2017 and 100 jobs from July 2018.
From August 2017, the seasonally adjusted civilian labor force, or the number of people who are employed in addition to those who are looking for work increased by 19,616 to 2,130,791. This is the eleventh straight over-the-year gain.
From August 2017, the number of seasonally adjusted employed individuals increased by 15,759 to 2,023,966. This is the fifteenth consecutive over-the-year gain for seasonally adjusted employed individuals.
The seasonally adjusted unemployment rate increased 0.1 percentage point since July 2018 to 5.0 percent.
Not Seasonally Adjusted Data
From August 2017, the total of not seasonally adjusted nonfarm jobs increased by 16,600 to 1,978,200. This is the eleventh-straight not seasonally adjusted nonfarm over-the-year increase.
From July 2018, the number of not seasonally adjusted nonfarm jobs increased by 600. Not seasonally adjusted private-sector employment increased by 19,100 jobs from August 2017 to 1,664,500. This is also the eleventh-straight month not seasonally adjusted private-sector employment has added jobs over the year.
August metropolitan statistical area (MSA) and parish unemployment rates will be released on September 28, 2018. For additional state and MSA data release dates, please click here.
Seasonally Adjusted vs. Not-Seasonally Adjusted Data
Jobs and employment trends data are often difficult to understand because there are two different ways to look at the data, seasonally or non-seasonally adjusted data.
Seasonal adjustment works to measure and remove the influences of predictable seasonal patterns to reveal how employment and unemployment figures change from month to month. Not seasonally adjusted data retains seasonal employment trends.
Over the course of a year, the labor force size, available jobs and employment rates undergo predictable fluctuations due to seasonal changes in weather, harvests, major holidays, and school schedules. Seasonal adjustment reduces the impact of these changes, making it easier to understand trends. Seasonally adjusted data is best utilized when comparing several months of employment and jobs data, while not seasonally adjusted data is best used to compare over-the-year trends. Seasonally adjusted data are useful for comparisons among states and the nation.
The Louisiana Workforce Commission primarily uses seasonally adjusted data because it provides a more useful and telling picture of Louisiana’s jobs and employment situation.
To view all available employment data, visit Louisiana’s employment homepage at http://www.laworks.net and select Labor Market Information from the top-right menu. Then, select LOIS (Louisiana Occupational Information System) and select Employment and Wage Data listed under Data Trends. To view the BLS Local Area Unemployment Statistics for the state, visit http://data.bls.gov/pdq/querytool.jsp?survey=la. For BLS nonfarm employment data, click here: http://data.bls.gov/pdq/querytool.jsp?survey=sm.
Resources for employers and job seekers
Job-seekers can explore careers, apply for top-rated jobs and connect with local training providers using Louisiana Star Jobs, the LWC’s free career tool, at http://www.laworks.net/Stars/. Employers looking for workers should visit Louisiana’s employment homepage at www.laworks.net. Click on HiRE (Helping Individuals Reach Employment) and create an account allowing access to qualified job seekers.
About the Louisiana Workforce Commission
The Louisiana Workforce Commission is an agency of state government that administers programs designed to enhance workforce growth and provide family-sustaining jobs for Louisiana residents. The commission monitors employment, administers unemployment compensation and tax funds, provides training resources for employers and employees and oversees worker compensation benefits. The agency also gathers and supplies information on the labor market and occupational sectors in Louisiana.
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