Overall unemployment rate moved up to 5.8% with the biggest shift in Restaurants & Hotels, which lost 1,600 roles, based on the most recently available information published in November 2021.
Total employment in the Houma-Thibodaux, LA market declined by 2,430 jobs in September and the unemployment rate increased compared to the prior month by 120 bps to 5.8%. The national unemployment rate decreased by 72 bps over the same time to 4.6%.
- Houma-Thibodaux, LA unemployment rate is 124 bps above the national rate which is a negative sign.
- Unemployment in the market is 110 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in September versus prior month by 9.9% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -6.9%. Key sectors include:
- Transportation & Utilities: 21,000; -1,100
- Government: 10,700; -600
- Construction, Mining: 9,100; -200
- Restaurants & Hotels: 6,200; -1,600
Data is based on the most recent 12 months available, through September 2021 (Data published November 2021 and reports created on November 3, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.