Overall unemployment rate moved down to 3.7% with the biggest shift in Government, which gained 400 roles, based on the most recently available information published in April 2022.
Total employment in the Houma-Thibodaux, LA market rose by 1,891 jobs in February and the unemployment rate decreased compared to the prior month by 50 bps to 3.7%. The national unemployment rate decreased by 28 bps over the same time to 4.1%.
- Houma-Thibodaux, LA unemployment rate is 44 bps below the national rate which is a positive sign.
- Unemployment in the market is 250 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in February versus prior month by 16.9% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.5% . Key sectors include:
- Transportation & Utilities: 21,100; no change
- Government: 10,500; +400
- Construction, Mining: 9,900; +200
- Restaurants & Hotels: 5,700; +100
Data is based on the most recent 12 months available, through February 2022 (Data published April 2022 and reports created on April 6, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.