Overall unemployment rate moved down to 3.3% with the biggest shift in Transportation & Utilities, which gained 800 roles, based on the most recently available information published in April 2023.
Total employment in the Houma-Thibodaux, LA market rose by 1,493 jobs in February and the unemployment rate decreased compared to the prior month by 20 bps to 3.3%. The national unemployment rate increased by 3 bps over the same time to 3.9%.
- Houma-Thibodaux, LA unemployment rate is 59 bps below the national rate which is a positive sign.
- Unemployment in the market is 40 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 6.8% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 3.4% . Key sectors include:
- Transportation & Utilities: 20,700; +800
- Government: 10,300; +400
- Construction, Mining: 10,000; +100
- Restaurants & Hotels: 8,000; +300
Data is based on the most recent 12 months available, through February 2023 (Data published April 2023 and reports created on April 10, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.