Overall unemployment rate moved down to 3.5% with the biggest shift in Government, which gained 400 roles, based on the most recently available information published in September 2022.
Total employment in the Houma-Thibodaux, LA market declined by 724 jobs in August and the unemployment rate decreased compared to the prior month by 70 bps to 3.5%. The national unemployment rate stayed flat over the same time period at 3.8%.
- Houma-Thibodaux, LA unemployment rate is 29 bps below the national rate which is a positive sign.
- Unemployment in the market is 140 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August versus prior month by 20.2% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.3% . Key sectors include:
- Transportation & Utilities: 21,400; +200
- Government: 10,000; +400
- Construction, Mining: 9,900; no change
- Restaurants & Hotels: 5,900; no change
Data is based on the most recent 12 months available, through August 2022 (Data published September 2022 and reports created on September 28, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.