Baton Rouge Area Hits Jobs Record Sixth Time in 2023

BRAC releases economic updates in monthly dashboard 

Baton Rouge, LA (January 11, 2024) – The Baton Rouge Area hit a new jobs record in November, the sixth time in 2023, with more than 433,400 jobs according to the monthly economic indicator dashboard released today by the Baton Rouge Area Chamber (BRAC). The dashboard, which examines and analyzes the state of the regional economy, can be downloaded directly here.   

“The Capital Region set another record this month with more than 433,400 jobs, after growing 15,600 new jobs over the last four months alone,” said Andrew Fitzgerald, BRAC’s senior vice president of business intelligence. “Recent job growth has been visible across a range of industries including construction, health services, and manufacturing. Demand for labor has cooled over the past couple months, but there are still almost one-and-a-half job openings for every unemployed person looking for work. Many of the more than 20,000 open jobs are in high-paying occupations like nursing, operations managers, and accountants. The regional economy is going strong as residents welcome in a new year, governor, and legislature.” 

Key findings from this month’s dashboard include:  

  • With 433,400 jobs, the Capital Region set a new all-time high for the sixth time in the last year; 
  • Jobs in the Baton Rouge metro were up 2,600 in November, up 15,600 in the last four months; 
  • Retail positions were filled ahead of the holiday season, and health services also saw strong job growth; 
  • Baton Rouge leads all peer metros in annual job growth; 
  • Regional job postings have fallen in three of the last four months, but demand for labor remains high while unemployment remains low; and, 
  • Private sector workers in Baton Rouge are earning more than peer metros, but earnings growth has lagged theirs as of late. 

BRAC’s Economic Indicator Dashboard looks at a number of data points to illustrate the economy’s current state. With data from a number of regional stakeholders, the dashboard is the most real-time analysis of the Baton Rouge metro economy available.  

Riverbend Research, BRAC’s standalone research consulting firm, provides custom research services on a competitive fee-for-service basis, including labor market research, economic impact modeling, demographic and economic data, and general research and consulting. Interested businesses can learn more or submit research project requests at riverbendresearch.org

About the Baton Rouge Area Chamber   

The Baton Rouge Area Chamber (BRAC) is an aggressively ambitious regional economic development organization with a bias for action. BRAC seeks to push Baton Rouge beyond the status quo, unleash its potential, and support a vibrant business community that believes the finish line does not exist. BRAC seeks to accelerate economic opportunity in the Baton Rouge Area, for everyone, through BRING IT! Baton Rouge, its five-year, regional strategic plan. Learn more about BRAC at brac.org

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