Louisiana's unemployment rate rose to 7 percent in June, climbing for the sixth straight month as labor figures suggested a pause in economic growth.

A separate survey showed state employer payrolls fell slightly.

Both sets of figures were released Thursday by the federal Bureau of Labor Statistics.

Louisiana's seasonally adjusted unemployment rate was 6.8 percent in May and 6.7 percent in June 2012.

The state's labor force was flat from May to June, but the number of people who reported having a job fell by 3,600.

Louisiana had 146,800 unemployed people in June, up from 143,300 in May, and 139,400 in June 2012.

Louisiana Workforce Commission Executive Director Curt Eysink, focusing on year-over-year changes, said he believes it's "a time of opportunity in Louisiana."

"The unemployment rate data contradicts the other labor market indicators," Eysink said in a statement. "Private-sector employment, total nonfarm employment, the civilian labor force and the number of people in the labor force who are working are all up over the year."

The national unemployment rate held steady from May to June at 7.6 percent, but was below the 8.2 percent rate of June 2012. Nevada had the nation's highest jobless rate, at 9.6 percent, while North Dakota kept the lowest unemployment rate at 3.1 percent.

The unemployment rate is calculated by a survey that asks how many people are looking for a job. A second survey each month asks employers how many people are on their payrolls, a measure many economists use as their top labor market indicator.

Those numbers show payrolls dipped to 1.95 million people in June, down by 3,200 from a post-recession high in May, but up nearly 22,000 from a year ago.

Payroll numbers, like unemployment numbers, are adjusted to cancel out predictable seasonal fluctuations.

Louisiana economic sectors that shed jobs in June include trade, transportation and utilities; education and health services; government and manufacturing. Sectors that grew included professional and business services, leisure and hospitality, construction and financial activities.

The broadest measure of those who are unemployed averaged 12.2 percent in Louisiana during the 12 months ended March 30, the most recent figures available. That number includes people who are looking for work only sporadically, have given up looking or are working part time because they can't find a full-time job.

Nationwide, that broad measure averaged 14.5 percent during the same time.

To post a comment, please log into your IND account. If you do not have an account, click the "register" button to create one. Facebook comments can be used as an alternative to creating an account at theIND.com.

feed-image RSS Feed
Loading
Chart
ABiz Stock Watch
o Home Bancorp 22.30 ▼0.06 (-0.27%)
o Frank's International 23.24 ▲0.27 (1.18%)
o IberiaBank Corp 66.41 ▲0.20 (0.30%)
o LHC Group 22.29 ▲0.69 (3.19%)
o MidSouth Bancorp 19.64 ▲0.17 (0.87%)
o Petroquest Energy 6.71 ▼0.04 (-0.59%)
o PHI Inc. 38.04 0.00 (0.00%)
o Superior Energy 34.49 ▼0.06 (-0.17%)
o Stone Energy 39.01 ▼0.50 (-1.27%)
o Teche Holding 71.82 (%)
o Facebook Inc. 74.68 ▲0.97 (1.31%)
o Twitter Inc. 46.30 ▲7.71 (19.98%)
o Gannett 33.53 ▲0.15 (0.45%)
NYSE:HBCP

Home Bancorp

Company ID [NYSE:HBCP] Last trade:22.30 Trade time:3:59PM EDT Value change:▼0.06 (-0.27%)
NYSE:FI

Frank's International

Company ID [NYSE:FI] Last trade:23.24 Trade time:4:07PM EDT Value change:▲0.27 (1.18%)
NYSE:IBKC

IberiaBank Corp

Company ID [NYSE:IBKC] Last trade:66.41 Trade time:3:59PM EDT Value change:▲0.20 (0.30%)
NYSE:LHCG

LHC Group

Company ID [NYSE:LHCG] Last trade:22.29 Trade time:3:59PM EDT Value change:▲0.69 (3.19%)
NYSE:MSL

MidSouth Bancorp

Company ID [NYSE:MSL] Last trade:19.64 Trade time:4:02PM EDT Value change:▲0.17 (0.87%)
NYSE:PQ

Petroquest Energy

Company ID [NYSE:PQ] Last trade:6.71 Trade time:4:04PM EDT Value change:▼0.04 (-0.59%)
NYSE:PHII

PHI Inc.

Company ID [NYSE:PHII] Last trade:38.04 Trade time:9:45AM EDT Value change:0.00 (0.00%)
NYSE:SPN

Superior Energy

Company ID [NYSE:SPN] Last trade:34.49 Trade time:4:00PM EDT Value change:▼0.06 (-0.17%)
NYSE:SGY

Stone Energy

Company ID [NYSE:SGY] Last trade:39.01 Trade time:4:01PM EDT Value change:▼0.50 (-1.27%)
NYSE:TSH

Teche Holding

Company ID [NYSE:TSH] Last trade:71.82 Trade time:4:03PM EDT Value change: (%)
NYSE:FB

Facebook Inc.

Company ID [NYSE:FB] Last trade:74.68 Trade time:3:59PM EDT Value change:▲0.97 (1.31%)
NYSE:TWTR

Twitter Inc.

Company ID [NYSE:TWTR] Last trade:46.30 Trade time:4:00PM EDT Value change:▲7.71 (19.98%)
NYSE:GCI

Gannett

Company ID [NYSE:GCI] Last trade:33.53 Trade time:4:06PM EDT Value change:▲0.15 (0.45%)
Advertisement

Read the Flipping Paper!

Click Here for the Entire Print Version of
ABiz
 
Advertisement
Advertisement