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Louisiana unemployment rate drops to 4.9 percent

3 years 2 months 1 week ago March 18, 2014 Mar 18, 2014 Tuesday, March 18 2014 March 18, 2014 7:45 AM in News
Source: Associated Press
By: Cheryl Stroy

BATON ROUGE - State labor officials say Louisiana set a record in January with over 1.9 million people employed, which helped lower the unemployment rate to 4.9 percent.

According to seasonally adjusted data released Monday by the federal Bureau of Labor Statistics, the number of people employed in January was 25,787 higher than January 2013. Meanwhile, the number of unemployed was 102,476. That's 29,310 fewer people not working than a year earlier, according to a BLS survey of 750 households.

Louisiana's seasonally adjusted unemployment rate in January was the lowest since September 2008 and lowest in the 17-state southern region, where the average rate was 6.2 percent. The national unemployment rate in January was 6.6 percent.

It's the fifth straight month unemployment has fallen in Louisiana.

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