Today, Gov. John Bel Edwards released a statement on the announcement that the state’s unemployment rate continued its decline – dropping to 4.8 percent in October 2017. The last time the unemployment rate was lower than 4.8 percent was May 2008.
“The best social program out there is a good job, and more and more people in Louisiana are finding work. We’re continuing to see a decline in Louisiana’s unemployment rate, and our state’s economy is turning around. Just look at the historic economic development project we announced in New Orleans this week. Two thousand good-paying jobs are on the horizon. We are not out of the woods yet, and we have a lot of work left to do, but for the sixth consecutive month, we are seeing strong signs of improvement for Louisiana’s economy. I have said before that Louisiana’s brightest days are ahead of us, and these unemployment figures are further evidence of that."