Overall unemployment rate moved down to 3.3% with the biggest shift in Transportation & Utilities, which lost 100 roles, based on the most recently available information published in June 2022.
Total employment in the Houma-Thibodaux, LA market rose by 586 jobs in April and the unemployment rate decreased compared to the prior month by 40 bps to 3.3%. The national unemployment rate decreased by 42 bps over the same time to 3.3%.
- Houma-Thibodaux, LA unemployment rate is 4 bps below the national rate which is a positive 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 April versus prior month by 13.6% 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: 21,500; -100
- Government: 10,500; no change
- Construction, Mining: 10,100; no change
- Restaurants & Hotels: 5,800; +100
Data is based on the most recent 12 months available, through April 2022 (Data published June 2022 and reports created on June 1, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.