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La. jobless rate rises even as more have jobs

3 years 4 weeks 23 hours ago Friday, September 19 2014 Sep 19, 2014 September 19, 2014 11:28 AM September 19, 2014 in News
Source: Associated Press
By: Jeff Amy

BATON ROUGE - Louisiana's unemployment rate jumped again in August, as job seekers flood into the labor force faster than they can find jobs.

The state's jobless rate rose to 5.8 percent, up for the fourth straight month. Louisiana's unemployment rate was 5.4 percent in July, but remains below August 2013's 6.2 percent.

The labor force rose by 15,000 people in August, while about 5,500 more people reported having jobs.

A separate survey shows employer payrolls rose by almost 2,000, slowing after months of stronger gains, but yet another all-time high.

Both sets of figures - adjusted to cancel out seasonal changes - were released Friday by the U.S. Labor Department.

The report found 123,000 Louisianans were unemployed in August, up from about 114,000 in July and below the 131,000 in August 2013.

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