Unemployment

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Jobless rates more than double from last year

Tri-Parish unemployment rates more than doubled in May compared to those of a year ago, showing the affect of the coronavirus on the job scene, according to the Louisiana Workforce Commission.
St. Landry Parish’s jobless rate in May was 12.8%, up from 5.6% in May 2019 in the not seasonally adjusted statistics.
Not seasonal employment numbers do not take into factors such as holidays, school and weather.
Acadia Parish’s unemployment rate in May was 10.7%, up from 4.8% in May 2019.

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La. jobless rate at 13.3%

Preliminary data released Friday by the Bureau of Labor and Statistics (BLS) shows that Louisiana’s seasonally adjusted unemployment rate decreased to 13.3 percent; down approximately 1.8 percentage points from April 2020’s revised rate of 15.1 percent. Louisiana’s preliminary seasonally adjusted rate for the same period was 14.5 percent.
Due to people who were employed but absent from work, COVID-19, and an error in the Current Population-Household Survey (CPS), the revision amount for the April 2020 unemployment rate is significant in comparison to previous months.

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Parish jobless rate was 13.2% in April

Louisiana’s not seasonally adjusted unemployment rate increased to 14.5% for April, according to preliminary data from the Bureau of Labor Statistics (BLS).
Louisiana’s not seasonally adjusted unemployment rate increased 8.2 percentage points from March 2020’s revised not seasonally adjusted unemployment rate of 6.3%.
The news release Friday stated the information broadly reflects the impact of the coronavirus (COVID-19) pandemic.
St. Landry Parish’s April unemployment rate was 13.2%, up from 5% in April 2019 and up from 8.2% in March.

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Number of new Louisiana unemployment claims keeps rising

(April 2) – New unemployment claims in Louisiana spiked again last week, as many businesses statewide keep their doors closed or limit operations in hopes of slowing the spread of the new coronavirus.
A total of 97,830 new unemployment claims were filed in Louisiana last week, according to the U.S. Department of Labor. That’s 25,392 more advance claims in the state than the previous week, when initial claims spiked by more than 70,000. There were 2,225 new claims during the week that ended March 14.

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Job stats best of the year?

Recently released employment numbers may be the best for the year given COVID-19 layoffs and the downturn in the oil and gas industry.
In releasing the job numbers Friday, the Louisiana Workforce Commission stated the February not seasonal employment data did not reflect any COVID-19 impacts.
The February numbers were historically low, according to the news release from the commission.
Not seasonally adjusted numbers do not take into account factors such as weather and holidays.

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