Louisiana unemployment rate rises for fifth straight month
Louisiana’s unemployment rate hit 5% in August, worsening for the fifth straight month.
The jobless rate rose from 4.9% in July, and was also a tick above the 4.9% rate recorded last August.
For the third month in a row, Louisiana saw the number of people with a job decline, pushing the number of unemployed people up to nearly 107,000.
A separate employer payroll survey—many economists’ top labor market indicator—was flat at 1.99 million. Payrolls remain 16,000 above year-ago levels, thanks to gains in early 2018.
U.S. unemployment was level from July to August at 3.9%. Louisiana has the third-highest jobless rate among states.