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Oil, gas take biggest hit as Louisiana sheds 14,400 jobs in 12-month period

Source: theadvocate.com - Oct 24, 2016

Louisiana’s nonfarm employment fell by 14,400 jobs for the 12 months ending in September, as the state lost ground in eight of 11 economic sectors, with the biggest hit once again to the oil and gas industry.

The 0.7 percent decline dropped Louisiana to 1,968,800 jobs in September, according to preliminary numbers released Friday by the U.S. Bureau of Labor Statistics. The numbers are not seasonally adjusted.

The state’s mining and logging sector, which includes oil and gas jobs, plunged by 7,000 jobs, or 15.2 percent. After 21 consecutive months of year-to-year drops, there are now 39,300 people working in the sector statewide.

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Category: General Business