Today, Gov. John Bel Edwards released the following statement on the positive jobs numbers report released by the Louisiana Workforce Commission (LWC). The report shows that Louisiana’s unemployment rate dipped to 5.3 percent for July 2017. The unemployment rate in Louisiana has not been that low since September 2008 and marks a nine month consecutive decline in unemployment.
“While my administration has prioritized recruiting economic development projects that bring new jobs to Louisiana, and while we continue to see positive jobs numbers resulting from our efforts, it is the hardworking people of Louisiana who make our economic progress possible,” said Gov. Edwards. “Louisianans haven’t cowered in the face of the oil and gas downturn that continues to leave so many families in economic uncertainty; they have risen to the challenge, taking advantage of new opportunities and in some cases, making opportunities of their own through old fashioned entrepreneurship. I think of those families daily. Bringing good jobs to Louisiana remains a top priority for me and my administration, and I will continue to do everything in my power to make sure there are jobs for people in Louisiana who need them.”
When Gov. Edwards took office in January of 2016, the unemployment rate was 6.2 percent. Today’s report shows the over-the-year seasonally adjusted unemployment rate decreased by 0.9 percentage points from July 2016. The over-the-year drop is the largest since May 2014. The over the month rate declined by 0.1 percent from the June revised* unemployment rate of 5.4. Initial data released on July 21, 2017 indicated a seasonally adjusted June unemployment rate of 5.5 percent. That has since been revised down to 5.4 percent based on additional data.