January 25, 2022
Summary
Louisiana added 7,100 net payroll jobs and the unemployment rate fell by 0.3 percentage point to 4.8 percent in December, according to Bureau of Labor Statistics (BLS) data released at 10:00am on January 25, 2022.
Over the past twelve months, Louisiana added 39,600 payroll jobs and the unemployment rate fell by 3.1 percentage points from 7.9 percent.
In December, Louisiana’s private sector added 6,800 net private payroll jobs and over the past twelve months it added 42,800 private payroll jobs in the establishment survey.
In the household survey, the number of unemployed fell by 6,118 on net in December, and over the past year employment rose by 35,148.
Louisiana’s labor force participation rate remained steady at 57.7 percent in December . Since last year, the labor force participation rate fell by 0.8 percentage point.
The national unemployment rate fell by 0.3 percentage point in December to 3.9 percent. State employment and unemployment data for January is scheduled for release March 14, 2022. The national employment situation report for January will be released February 04, 2022.
Louisiana Payroll Employment
Louisiana added 7,100 net payroll jobs, or 0.4 percent, on a seasonally adjusted basis during December. In the prior month, Louisiana added 10,300 jobs. Over the past twelve months, Louisiana added 39,600 payroll jobs, or 2.2 percent. Louisiana nonfarm payroll employment had increased in 8 of the past 12 months.
Nationally, nonfarm payrolls rose by 199,000 in December, or rose by 0.1 percent. Over the 12-month period ending with December, nonfarm payrolls rose by 6,448,000 jobs, or 4.5 percent. Louisiana is tied for 44th among the 50 states and the District of Columbia for percentage gain in nonfarm payroll employment over the past 12 months.
During December, Louisiana’s private-sector added 6,800 jobs, or approximately 0.4 percent. The private-sector in Louisiana added 10,000 jobs in the prior month. Over the past twelve months, private-sector payrolls in Louisiana added 42,800, or 2.8 percent. Louisiana private-sector payroll employment has increased in 7 of the past 12 months.
Nationally, private-sector payroll jobs rose by 211,000 jobs in December, or 0.2 percent. Over the past 12 months, the national payroll rose by 5,996,000 jobs in the private sector, or 5 percent. Louisiana is tied for 37th among the 50 states and the District of Columbia for a percentage gain in private-sector payroll employment over the past 12 months.
The best performing sectors on a seasonally adjusted basis during December were Construction (3,500) and Professional and Business Services (1,900). The poorest performing sectors during the month were Other Services (-400) and Financial Activities (-1,100).
The best performing sectors during the last twelve months were Leisure and Hospitality (13,400) and Professional and Business Services (12,800). The poorest performing sectors during the last twelve months were Manufacturing (-1,500) and Government (-3,200).
Louisiana Labor Force Statistics
Labor Force Participation
The labor force participation rate in Louisiana remained unchanged at 57.7 percent in December . At a labor force participation rate of 57.7 percent, Louisiana ranks 44th in the nation. The labor force participation rate in Louisiana fell by 0.8 percentage point from a year earlier. The labor force participation rate is the percentage of the civilian noninstitutionalized population age 16 and older who are employed or actively looking for work.
The 10-year high for the labor force participation rate in Louisiana was 61.2 percent in November 2014. The series high for the labor force participation rate in Louisiana occurred in September 2005 when the labor force participation rate hit 68.7 percent. The 10-year low for the labor force participation rate was 54.6 percent , last occurring in July 2020. This also represents the series low for the labor force participation rate in Louisiana.
The national labor force participation rate remained steady at 61.9 percent in December. That rate rose by 0.4 percentage point from a year earlier. The all-time high for the national labor force participation rate was 67.3 percent in April 2000. The 10-year high for the national labor force participation rate was 63.8 percent in October 2012. The recent 10-year low occurred in April 2020 at a level of 60.2 percent. The series low for the national labor force participation rate was 58.1 percent in December 1954.
Employment-to-Population Ratio
The employment-to-population ratio, or the percentage of the Louisiana civilian noninstitutionalized population 16 years and older counted as employed, in December rose to 55 from 54.7 percent in the prior month. At 55 percent, Louisiana is tied for 46th among state employment-to-population ratios in the nation. The employment-to-population ratio in Louisiana rose by 1.1 percentage points from a year earlier.
The 10-year high for the employment-to-population ratio in Louisiana was 57 percent last occurring in January 2020. The series high for the employment-to-population ratio in Louisiana occurred in September 2005 when the employment-to-population ratio hit 60.9 percent. The 10-year low for the employment-to-population ratio was 49.5 percent last occurring in June 2020. This also represents the series low for the employment-to-population ratio in Louisiana.
The national employment-to-population ratio rose by 0.2 percentage point over the month to 59.5 percent in December. That rate rose by 2.1 percentage points from a year earlier. The all-time high for the national employment-to-population rato was 64.7 percent in April 2000. The 10-year high for the national employment-to-population ratio was 61.2 percent in February 2020. The recent 10-year low occurred in April 2020 at a level of 51.3 percent. The series low for the employment-to-population ratio was 51.3 percent in April 2020.