Louisiana's jobless rate at 5.3%
November’s employment figures show Louisiana’s unemployment rate decreased and its seasonally adjusted number of nonfarm jobs increased indicating Louisiana continues to buck national employment trends.
The November unemployment rate was 5.3 percent, better than the October 2008 revised rate of 5.6 percent. The November 2008 jobless rate for the United States was 6.7 percent, up for the October 2008 rate of 6.5 percent.
Acadia Parish’s preliminary November rate was 4.3 percent, while the revised October jobless rate was 4.5 percent. Those employed during November numbered 25,476, while 1,156 were identified as unemployed.
Louisiana is one of only five states with a decreased in unemployment rate and only one of nine with an increase in nonfarm employment, according to the federal Bureau of Labor Statistics.
On a cautionary noted, it was pointed out that many of the people affected by layoffs at the General Motors plant in Shreveport and the International Paper mill in Bastrop are not receiving unemployment benefits yet because of the their severance packages.
Lafayette had the lowest unemployment rate of 3.4 percent in November 2008; in contrast, Morehouse Parish, where the IP mill closed, had the highest rate of 11.7 percent.