Overall unemployment rate moved down to 5.3% , based on the most recently available information published in September 2021.
Total employment in the Houma-Thibodaux, LA market rose by 839 jobs in July and the unemployment rate decreased compared to the prior month by 90 bps to 5.3%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Houma-Thibodaux, LA unemployment rate is 36 bps below the national rate which is a positive sign.
- Unemployment in the market is 330 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 7.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs stayed flat. Key sectors include:
- Transportation & Utilities: 21,800; no change
- Government: 11,500; no change
- Construction, Mining: 9,400; no change
- Restaurants & Hotels: 7,900; no change
Data is based on the most recent 12 months available, through July 2021 (Data published September 2021 and reports created on September 1, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.