Louisiana Workforce Commission Report Touts State’s growth

         The economic situation in Louisiana is “among the most promising in the nation.” That according to the Louisiana Workforce Information Review 2014.

         The executive summary of the report claims Louisiana remains a beacon of employment growth, regained the jobs lost from the recession and continues to set new records in labor force and employment.

         They report as of April 2014 the State’s civilian labor force tota ls 2,102,352 and unemployment was down by 26.1% in 2013, giving the state an unemployment rate of 4.5%, which is below the national average currently at 5.9%.

         In the report, they project the professional and technical services industry will grow the fastest and that it will create more than 21,000 jobs in the State in the next decade.

         In New Orleans specifically the report shows there was a 32.72% increase in information industry jobs.

         The report also highlights mining jobs as having the highest average weekly salaries at $1,782 a week, and that 9,363 construction jobs were added between 2011 and 2013.

The Louisiana Workforce Information Review 2014 is intended to serve as a tool to provide strategic economic demographic information for Louisiana and its regions, including data relevant in evaluating changes to the State’s economy during 2012-2013 that will assist local Workforce Investment Boards (WIBs) in making informed decisions regarding statewide and area economies.

The latest available annual averages for 2012 and 2013 were used in analyzing unemployment compensation claims, mass layoffs, civilian labor force, occupational wages and employment by industry. Regional data also include the revised forecast for the industry and occupational projections to 2022 to denote future employment demand.

         For a copy of the report

Categories: Today’s Business News