Overall unemployment rate moved down to 4.0% with the biggest shift in Transportation & Utilities, which gained 500 roles, based on the most recently available information published in December 2021.
Total employment in the Houma-Thibodaux, LA market rose by 254 jobs in November and the unemployment rate decreased compared to the prior month by 60 bps to 4.0%. The national unemployment rate decreased by 37 bps over the same time to 3.9%.
- Houma-Thibodaux, LA unemployment rate is 11 bps above the national rate which is a negative sign.
- Unemployment in the market is 220 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in November versus prior month by 10.9% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.0% . Key sectors include:
- Transportation & Utilities: 22,300; +500
- Government: 11,300; +100
- Construction, Mining: 9,200; -200
- Restaurants & Hotels: 7,700; +100
Data is based on the most recent 12 months available, through November 2021 (Data published December 2021 and reports created on January 6, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.