Associated Press

Louisiana’s jobless rate keeps falling, but payrolls shrink

By:
  • The Associated Press

NEW ORLEANS (AP) — Unemployment fell for the sixth straight month in Louisiana, but payrolls moved in the wrong direction in October.

The jobless rate fell to 4.8 percent in October from 5.1 percent in September, as more people entered the labor force and more found jobs. Louisiana’s unemployment rate was 6.1 percent a year ago.

About 100,000 Louisianans were jobless, down more than 5,000 from September.

Louisiana’s unemployment rate doesn’t rank among the 10 worst states for the first time in years. October’s U.S. rate fell to 4.1 percent from September’s 4.2 percent.

The separate payroll survey, economists’ top labor market indicator, continued a multi-month downward trend, falling below 1.98 million in Louisiana. That remains 8,000 higher than last October.

The U.S. Labor Department released figures Friday, adjusted to cancel out seasonal changes.

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The Associated Press (AP) is an American multinational not-for-profit news agency headquartered in New York City that operates as a cooperative, unincorporated association. The AP is owned by its contributing newspapers and radio and television stations in the United States, all of which contribute stories to the AP and use material written by its staff journalists. Wikipedia

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