Overall unemployment rate moved down to 4.5% with the biggest shift in Restaurants & Hotels, which gained 1,400 roles, based on the most recently available information published in December 2021.
Total employment in the Houma-Thibodaux, LA market rose by 3,192 jobs in October and the unemployment rate decreased compared to the prior month by 130 bps to 4.5%. The national unemployment rate decreased by 30 bps over the same time to 4.3%.
- Houma-Thibodaux, LA unemployment rate is 24 bps above the national rate which is a negative sign.
- Unemployment in the market is 180 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in October versus prior month by 8.2% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 6.1% . Key sectors include:
- Transportation & Utilities: 21,900; +1,000
- Government: 11,200; no change
- Construction, Mining: 9,600; +500
- Restaurants & Hotels: 7,600; +1,400
Data is based on the most recent 12 months available, through October 2021 (Data published December 2021 and reports created on December 2, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.