News - Details
Date:April 22, 2022
Contact:LWC Public Affairs @ (225) 342-3035

Unemployment rate lowest ever for month of March

BATON ROUGE, La. – Data released today by the Louisiana Workforce Commission showed that Louisiana’s not seasonally adjusted unemployment rate for March 2022 is tied for the lowest in series history for the month of March.

Louisiana’s not seasonally adjusted unemployment rate for March 2022 is 3.8 percent, a decrease of 0.1 percentage points from the revised February 2022 not seasonally adjusted unemployment rate of 3.9 percent. The rate of 3.8 percent was also in seen in March of 2006 and 2007. The rate also shows a decrease of 1.8 percentage points from the March 2021 rate of 5.6 percent. The not seasonally adjusted rate has declined over the year for 13 consecutive months.

Since February 2022, the number of not seasonally adjusted employed individuals increased by 17,477 from 1,998,882 to 2,016,359 in March 2022. When compared to March 2021, the number of not seasonally adjusted employed individuals increased by 83,099.

Since February 2022, the number of not seasonally adjusted unemployed individuals increased by 607 from 80,060 to 80,667 in March 2022. When compared to March 2021, the number of not seasonally adjusted unemployed individuals decreased by 33,245.

Not seasonally adjusted March 2022 unemployment rates for Louisiana’s nine MSA’s are as follows:

Alexandria: 2.8 percent, shows no change from February, but is down from 4.1 percent in March 2021.

Baton Rouge: 3.4 percent, shows no change from February, but is down from 4.9 percent in March 2021.

Hammond: 4.7 percent, shows no change from February, but is down from 6.3 percent in March 2021.

Houma: 3.7 percent, shows no change from February, but is down from 5.1 percent in March 2021.

Lafayette: 3.4 percent, shows no change from February, but is down from 5.4 percent in March 2021.

Lake Charles: 3.7 percent, shows no change from February, but is down from 6.1 percent in March 2021.

Monroe: 3.6 percent, up from 3.5 percent in February, but is down from 5.3 percent in March 2021.

New Orleans: 4.4 percent, down from 4.5 percent in February and down from 6.2 percent in March 2021.

Shreveport: 3.8 percent, shows no change from February, but is down from 5.5 percent in March 2021.

Since February 2022, not seasonally adjusted nonfarm employment increased by 2,300 jobs from 1,901,900 to 1,904,200 in March 2022. When compared to March 2021, not seasonally adjusted nonfarm employment increased by 46,900 jobs. The March 2022 employment figure shows 12 consecutive over-the-year gains.

Since February 2022, not seasonally adjusted private sector employment increased by 3,000 jobs from 1,590,300 to 1,593,300 in March 2022. When compared to March 2021, not seasonally adjusted private sector employment increased by 52,400 jobs. The March 2022 employment figure shows 12 consecutive over-the-year gains.

Industries that showed the largest gains for not seasonally adjusted jobs from February 2022:

Construction gained 2,500 jobs from February 2022.

Professional and Business Services gained 2,300 jobs from February 2022.

Manufacturing gained 1,000 jobs from February 2022.

Industries that showed the largest gains for not seasonally adjusted jobs from March 2021:

Leisure and Hospitality gained 15,400 jobs from March 2021.

Professional and Business Services gained 10,700 jobs from March 2021.

Construction gained 8,800 jobs from March 2021.

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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