Overall unemployment rate stayed flat at 3.7% with the biggest shift in Restaurants & Hotels, which gained 500 roles, based on the most recently available information published in April 2023.
Total employment in the Shreveport-Bossier City, LA market rose by 1,503 jobs in February and the unemployment rate stayed flat. The national unemployment rate increased by 3 bps over the same time to 3.9%.
- Shreveport-Bossier City, LA unemployment rate is 19 bps below the national rate which is a positive sign.
- Unemployment in the market is 10 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 11.1% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.6% . Key sectors include:
- Transportation & Utilities: 34,700; -100
- Education & Healthcare: 33,800; +300
- Government: 29,900; +100
- Restaurants & Hotels: 20,500; +500
- Business Services: 18,100; +200
- Construction, Mining: 13,400; +100
- Manufacturing: 10,500; no change
- Financial Services: 7,300; no change
- Other Jobs: 6,400; -100
- IT & Development: 1,800; no change
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.