Louisiana Q2, 2019 Employment Statistics- 135,041 employers, up 2.8% from 131,344
- 1,928,967 employees, up 0.1% from 1,926,942
- $923 average weekly wage, up 2.4% from $901
- The average weekly wage is 15.7% below the national average
- The cost of living is 6.1% below the national average
Employer & Employee Growth
In the last year, the number of employers in the state increased by 3,697, which is an increase of 2.8%. The number of employees in Louisiana increased by 2,025, an increase of 0.1%. During this same period, the average weekly wage increased by $22, an increase of 2.4%.
The number of private employers increased since last years' Q1. The number of private businesses increased by 3,644 or 2.9%. Growth in private businesses in Louisiana grew slower than the national average of 2.9%. The number of employees in these businesses increased since last years' Q1, increasing by 1,523 or 0.1%. The growth in employees of private businesses in Louisiana was slower than the national average of 1.4%.
The average weekly wage of employees of private businesses increased since last years' Q1. The averge weekly wage increased by $24 or 2.7%. Growth in average weekly wage of employees of private businesses in Louisiana grew slower than the national average of 3.8%.
Leading Sectors
Businesses by Sector
The sector with the greatest number of businesses in the state is Retail trade with 13.3% of the businesses in the state. The number of businesses in this sector increased by 1.9%. Professional services (12.3%), which increased by 4.7% and Healthcare (10.8%), which increased by 4.3%, round out the 3 largest sectors.
Table: Sectors by Year-over-Year Qtly Business Change %
| Sector | Change Biz | % Change |
|---|---|---|
| Arts and entertainment | 139 | 7.9% |
| Information | 97 | 5.7% |
| Professional services | 747 | 4.7% |
| Educational services | 65 | 4.6% |
| Mining and oil extraction | 74 | 4.6% |
| Accommodation and food services | 464 | 4.4% |
| Healthcare | 605 | 4.3% |
| Company management | 41 | 3.4% |
| Transport and warehousing | 128 | 3.0% |
| Real estate and rental | 148 | 2.7% |
| Other services | 235 | 2.6% |
| Waste services | 169 | 2.3% |
| Construction | 235 | 2.2% |
| Utilities | 10 | 2.0% |
| Retail trade | 332 | 1.9% |
| Agriculture and forestry | 26 | 1.8% |
| Manufacturing | 59 | 1.3% |
| Wholesale trade | 68 | 0.8% |
| Finance and insurance | 4 | 0.0% |
Employees by Sector
The sector with the greatest number of employees in the state is Healthcare with 14.1% of the employees in the state, had an increase in employees of 1.4% in the last year. Retail trade (11.5%), decreased by 1.9% and Accommodation and food services (10.9%), increased by 0.5%, round out the top 3 sectors.Table: Sectors by Year-over-Year Qtly Employee Change %
| Sector | Employee Change | % Change |
|---|---|---|
| Educational services | 1,470 | 4.8% |
| Transport and warehousing | 3,393 | 4.7% |
| Professional services | 2,382 | 2.7% |
| Mining and oil extraction | 872 | 2.6% |
| Real estate and rental | 604 | 2.0% |
| Manufacturing | 2,688 | 2.0% |
| Healthcare | 3,723 | 1.4% |
| Arts and entertainment | 322 | 1.1% |
| Waste services | 804 | 0.8% |
| Other services | 267 | 0.6% |
| Accommodation and food services | 1,105 | 0.5% |
| Utilities | -31 | -0.3% |
| Wholesale trade | -473 | -0.7% |
| Company management | -158 | -0.7% |
| Agriculture and forestry | -82 | -0.9% |
| Finance and insurance | -899 | -1.6% |
| Retail trade | -4,226 | -1.9% |
| Information | -554 | -2.3% |
| Construction | -9,707 | -6.3% |
Average Weekly Wage by Sector
The sector that pays their employees the highest is Mining and oil extraction paying $1,817per week compared with the state average of $927. Weekly wages in this sector rose by $84 or 4.8%. Utilities ($1,657), rose by $72 or 4.5% and Company management ($1,462) declined by $21 or 1.4% round out the 3 largest sectors.Table: Sectors by Year-over-Year Weekly Wage Change %
| Sector | Wage Change | Change % |
|---|---|---|
| Wholesale trade | $63 | 5.2% |
| Mining and oil extraction | $84 | 4.8% |
| Utilities | $72 | 4.5% |
| Healthcare | $32 | 3.8% |
| Waste services | $27 | 3.7% |
| Real estate and rental | $33 | 3.6% |
| Manufacturing | $43 | 3.1% |
| Other services | $19 | 2.7% |
| Finance and insurance | $29 | 2.4% |
| Professional services | $28 | 2.2% |
| Retail trade | $11 | 2.0% |
| Accommodation and food services | $6 | 1.6% |
| Arts and entertainment | $8 | 1.2% |
| Construction | $14 | 1.2% |
| Transport and warehousing | $12 | 1.1% |
| Information | $6 | 0.5% |
| Agriculture and forestry | $4 | 0.5% |
| Educational services | $3 | 0.4% |
| Company management | $-21 | -1.4% |
Leading Industries
Businesses by Industry
Each broad sector is made up of specific industries. In Louisiana. the industry with the most businesses is Restaurants and other eating places with 6.2% of the businesses in the state (with 8,327 employing 159,888 workers). The Restaurants and other eating places industry had 347 more businesses, an increase of 4.3% in the last year. Offices of physicians (2.7% of businesses) added 43 businesses, an increase of 1.2% and Offices of lawyers (2.7% of businesses) added 9 businesses, an increase of 0.3% round out the 3 industries with the most businesses.Table: Top 7 Industries by Business Change %
| Industry | Business Chg | % Change |
|---|---|---|
| All other information services | 27 | 62.8% |
| Emergency and other relief services | 13 | 56.5% |
| Nature parks and other similar institutions | 1 | 50.0% |
| Agents and managers for public figures | 13 | 46.4% |
| Coffee and tea manufacturing | 7 | 43.8% |
| Power boiler and heat exchanger manufacturing | 3 | 42.9% |
| Trusts estates and agency accounts | 14 | 42.4% |
Table: Top 7 Industries by Business Change #
| Industry | Business Chg | % Change |
|---|---|---|
| Restaurants and other eating places | 347 | 4.3% |
| Services for the elderly and disabled | 239 | 15.2% |
| Computer systems design and related services | 173 | 8.9% |
| All other professional and technical services | 155 | 23.1% |
| Gasoline stations with convenience stores | 99 | 4.0% |
| Management consulting services | 98 | 6.4% |
| Other technical consulting services | 86 | 7.7% |
Employees by Industry
Offices of physicians (2.7% of employees) added 43 employees, an increase of 1.2% and Offices of lawyers (2.7% ofemployees) added 9 employees, an increase of 0.3% round out the 3 industries with the most employees.Table: Top 7 Industries by Employee Change %
| Industry | Emp Chg | % Change |
|---|---|---|
| Flavoring syrup and concentrate manufacturing | 108 | 249.0% |
| Accessories and other apparel manufacturing | 33 | 125.9% |
| Metal can box and other container mfg. | 42 | 105.8% |
| Other farm product raw material merch. whls. | 9 | 103.7% |
| Emergency and other relief services | 56 | 87.1% |
| Port and harbor operations | 547 | 85.4% |
| Mobile food services | 100 | 73.0% |
Table: Top 7 Industries by Employee Change #
| Industry | Emp Chg | % Change |
|---|---|---|
| Other heavy construction | 1,624 | 10.2% |
| Local messengers and local delivery | 1,488 | 65.2% |
| Restaurants and other eating places | 1,455 | 0.9% |
| Petrochemical manufacturing | 1,381 | 33.0% |
| General medical and surgical hospitals | 1,226 | 1.9% |
| Services for the elderly and disabled | 916 | 3.8% |
| Office administrative services | 885 | 9.7% |
Average Weekly Wage by Industry
The industry that pays their employees the most is Spectator sports, paying $5,481 compared with the state average of $927. Employees in the Spectator sports industry were paid $1,239 more per week, an increase of 29.2% in the last year. Pension funds ($4,342) and Other financial vehicles ($4,186) round out the top 3 industries. Employees in the Pension funds ($4,342 per week) were paid $0 more per week, an increase of 0.0% and Other financial vehicles ($4,186 per week) were paid $692 more per week, an increase of 19.8% round out the 3 industries that pay their employees the most.Table: Top 7 Industries by Wage Change %
| Industry | Wkly Chg | % Change |
|---|---|---|
| Sporting goods merchant wholesalers | $962 | 78.9% |
| Political organizations | $327 | 63.9% |
| Industrial design services | $511 | 56.2% |
| Forest nursery and gathering forest products | $560 | 45.8% |
| Media buying agencies | $455 | 40.0% |
| Accessories and other apparel manufacturing | $252 | 38.7% |
| Nonchocolate confectionery manufacturing | $201 | 35.6% |
Table: Top 7 Industries by Wage Change $
| Industry | Wkly Chg | % Change |
|---|---|---|
| Spectator sports | $1,239 | 29.2% |
| Sporting goods merchant wholesalers | $962 | 78.9% |
| Other financial vehicles | $692 | 19.8% |
| Forest nursery and gathering forest products | $560 | 45.8% |
| Industrial design services | $511 | 56.2% |
| Credit bureaus | $495 | 26.9% |
| Media buying agencies | $455 | 40.0% |
Company Size
Louisiana Businesses by Size
The solopreneur company, has the most businesses in Louisiana by far. 58.1% of all businesses in the state have fewer than 5 employees. The 123,149 small businesses in the state represent 95.5% of all private businesses. The national average is 92.4%. (Small businesses have fewer than 50 employees, Solopreneurs employ fewer than 5.) Louisiana added 3,994 businesses in the last year, an increase of 3.2% as compared to the national average of 3.0%.Small businesses are defined as companies with fewer than 50 employees. These small businesses added 3,971 businesses in the last year, which is an increase of 3.3% as compared to the national average of 3.1%.
Mid-sized businesses are defined as companies with between 50 and 499 employees. These mid-sized businesses added 29 businesses in the last year, which is an increase of 0.5% as compared to the national average of 1.3%.
Large businesses are defined as companies with more than 500 employees. These large businesses declined 6 businesses in the last year, which is a decrease of 3.2% as compared to the national average of 2.1%.
Louisiana Employees by Business Size
Louisiana added 27,753 employees in the last year, an increase of 1.8% as compared to the national average of 5.2%. Small businesses are defined as companies with fewer than 50 employees. These small businesses added 16,840 businesses in the last year, which is an increase of 15.8% as compared to the national average of 4.2%.Mid-sized businesses are defined as companies with between 50 and 499 employees. Mid-sized businesses added 18,135 employees in the last year, which is an increase of 3.0% as compared to the national average of 4.7%.
Large businesses are defined as companies with more than 500 employees. Large businesses lost 7,222 employees in the last year, which is a decrease of 3.4% as compared to the national average of 9.2%.
Louisiana Avg Weekly Wages by Business Size
Louisiana workers in every size business are paid less than the national average. The smallest companies in Louisiana (those with fewer than 5 employees) pay workers 8.4% less than the national average ($927 per week as compared to the national average of $1,005 per week). The largest companies in Louisiana (those with more than 1,000 employees) pay 47.5% workers below the national average ($1,297 per week as compared to the national average of $1,913 per week).Average weekly wages in small businesses added $86 per week in the last year, which is an increase of 2.7% as compared to the national average of 3.1%. Employees of mid-sized businesses added $88 in wages per week in the last year, which is an increase of 2.9% as compared to the national average of 1.3%.
Employees of large businesses lost $118 of weekly wages in the last year, which is a decrease of 4.2% as compared to the national average of 2.1%.
Top Industries for Business and Employment
The table below illustrates the largest industries in the state, by number of businesses:Table: Top 10 Industries by # of Businesses
| Industry | # Businesses | % Change |
|---|---|---|
| Restaurants and other eating places | 8,327 | 4.3% |
| Offices of physicians | 3,679 | 1.2% |
| Offices of lawyers | 3,581 | 0.3% |
| Gasoline stations with convenience stores | 2,582 | 4.0% |
| Insurance agencies and brokerages | 2,574 | -0.8% |
| Accounting and bookkeeping services | 2,255 | 1.9% |
| Computer systems design and related services | 2,113 | 8.9% |
| Private households | 2,097 | 0.7% |
| Services for the elderly and disabled | 1,814 | 15.2% |
| Wholesale trade agents and brokers | 1,780 | -7.1% |
The table below illustrates the largest industries in the state, by number of employees:
Table: Top 10 Industries by # of Employees
| Industry | # Employees | % Change |
|---|---|---|
| Restaurants and other eating places | 159,888 | 0.9% |
| General medical and surgical hospitals | 63,697 | 1.9% |
| General merchandise stores including warehouse clubs and supercenters | 42,215 | -3.2% |
| Offices of physicians | 41,026 | 0.5% |
| Supermarkets and other grocery stores | 31,719 | -0.5% |
| Support activities for mining | 27,518 | 3.2% |
| Nursing care facilities skilled nursing | 26,766 | 0.3% |
| Temporary help services | 25,471 | -3.2% |
| Services for the elderly and disabled | 25,265 | 3.8% |
| Hotels and motels except casino hotels | 22,986 | -1.8% |
The table below illustrates the largest industries in the state, by highest wages:
Table: Top 10 Industries by Weekly Wage
| Industry | Wkly Wages | % Change |
|---|---|---|
| Spectator sports | $5,481 | 29.2% |
| Pension funds | $4,342 | 0.0% |
| Other financial vehicles | $4,186 | 19.8% |
| Investment banking and securities dealing | $3,489 | 0.4% |
| Securities brokerage | $2,764 | -10.8% |
| Crude petroleum extraction | $2,755 | 3.5% |
| Petroleum refineries | $2,631 | 9.0% |
| Druggists' goods merchant wholesalers | $2,377 | 9.4% |
| Petrochemical manufacturing | $2,347 | 4.8% |
| Credit bureaus | $2,332 | 26.9% |
Data Sources
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