This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

La. Jobless Rate Edges Up To 6 Percent In Feb.

By KEVIN McGILL

NEW ORLEANS (AP) â¿¿ Federal unemployment statistics show Louisiana's unemployment rate edged up to 6 percent in February, despite an uptick in the number of people working in non-agricultural jobs.

Although up a bit from 5.9 percent in January, the jobless rate remained below the national rate of 7.7 percent. And it was better than the state's February 2012 rate of 6.9 percent.

The Bureau of Labor Statistics report released Friday shows that seasonally adjusted non-farm employment in the state went up from January to February â¿¿ from 1,934.9 million to 1.944 million. It was an improvement of more than 25,000 jobs from February a year ago.

The preliminary figures also show a continuing increase in the number of people comprising the state labor force, a factor in the uptick in the unemployment rate over the month despite the increase in payrolls. Seasonally adjusted figures in the report showed Louisiana with a civilian non-farm labor force of 1.94 million for February, up by roughly 10,000 from January.

The number of unemployed Louisiana workers was put at 126,700 for February, compared to 124,300 the month before and 143,500 in February of last year.

Sectors that showed improvement over the month, according to seasonally adjusted figures, included construction; manufacturing; trade, transportation and utilities; professional and business services. Declines were measured in financial activities; education and health services; leisure and hospitality; and government.

___

www.bls.gov/news.release/pdf/laus.pdf
Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,688.59 -41.52 -0.23%
S&P 500 2,070.63 -6.15 -0.30%
NASDAQ 4,993.1430 -16.0710 -0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs