Louisiana payroll numbers shrink, flashing recession warning
BATON ROUGE - Louisiana's labor market slipped in October, as the unemployment rate rose and payroll employment fell.
Payrolls fell 6,000 from September. Crucially, payrolls also dipped below last October's level, a warning that the state's economy may be shrinking.
A separate survey shows the jobless rate rose to 6.2 percent in October from 6 percent into September, remaining below October 2014's 7 percent rate.
The number of people reporting having a job fell for the fifth straight month, as the labor force continues shrinking.
Louisiana's unemployment rate remained above the nation's 5 percent.
Both sets of figures, adjusted to cancel out seasonal changes, were released Friday by the U.S. Labor Department.
The number of unemployed Louisianans rose to 132,000, up more than 3,000 from September.
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