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Date:December 17, 2009
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Louisiana’s Unemployment Rate Drops to 6.7 Percent

BATON ROUGE – Louisiana’s unemployment rate for November 2009 fell to 6.7 percent, down from the October 2009 revised rate of 7.4 percent according to the Louisiana Workforce Commission. The unemployment rate has improved more than a percentage point from 7.8 percent in August 2009. The November 2009 unemployment rate for the United States was 10 percent, down from October’s rate of 10.2 percent.

“This is great news and very encouraging that our unemployment rate has been improving since August 2009 and several important industry sectors are showing growth in employment,” said Curt Eysink executive director of the Louisiana Workforce Commission.

The number of people working in November was 1,916,676, up from 1,913,129 in October. The number of unemployed decreased in November to 138,065 compared to 152,646 for the previous month. Together the employed and unemployed comprised Louisiana’s civilian labor force of 2,054,741 for November, down from the October revised figure of 2,065,775. Civilian labor force statistics are estimated from a sample survey by place of residence.

A separate survey of employers is used to identify industry trends within the state by estimating nonfarm employment by place of work. This survey results showed that the trade, transportation and utilities industry sector led the growth in seasonally adjusted employment with an over the month gain of 1,700 jobs in November. Other increases included 900 in professional and business services, a 200 job gain in information, and an increase of 400 in leisure and hospitality. According to this survey, Louisiana experienced a 600-job decrease in the number of seasonally adjusted nonfarm jobs from October to November 2009. The November nonfarm job total of 1,906,500 represents a decline of 2.2 percent, or 41,900 jobs, compared to November 2008.

The results of the two surveys don’t always move in the same direction since the residential survey for the labor force data includes self-employed and other variables not picked up in the employer-based survey.

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