Policy: Economy

Louisiana jobless rate drops even as payrolls dip

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News,Business,Louisiana,Economy

Louisiana's unemployment rate dropped sharply to 5.7 percent in December, even as the state's labor force expanded.

A separate survey shows payrolls fell slightly from November, but remain 19,000 jobs above December 2012.

Both sets of figures — adjusted to cancel out normal seasonal changes — were released Tuesday by the federal Bureau of Labor Statistics.

It's the fourth straight month unemployment has fallen in Louisiana, as the state's job market recovered from a slowdown in early 2013.

Louisiana's unemployment rate was 6.3 percent in October and 5.6 percent in December 2012.

There were 119,000 unemployed Louisianans in December, down from 131,000 in November, but above 117,000 in December 2012.

State nonfarm payrolls fell by 3,000 after setting an all-time high in November for the fourth month in a row.

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