8.18.23 – Lafayette Daily Advertiser
An estimated 63,000 Louisiana workers quit their jobs in June, making 2023 the first year on record where the state has seen more than 400,000 workers voluntarily leave their jobs, new data from the U.S. Bureau of Labor Statistics shows.
Through June, around 407,000 workers in Louisiana quit their jobs as the state has continued to see record levels of job turnover, even as other states have seen their job separation, opening and hire levels normalize. The state set a record in 2022 with 760,000 workers quitting during the year, but through the first half of 2023, Louisiana is around 30,000 or 8% higher than last year’s record-setting pace.
The majority of states — 35 out of 50 — had fewer workers quit in June 2023 than in June 2022, with Louisiana’s 1.6% increase ranking as the 12th-largest in the nation.
At the same time, Louisiana has continued to see a low rate of workers being separated from their jobs involuntarily either by firing or layoffs, though the data shows the rate is increasing rapidly. In June, an estimated 26,000 workers were cut from their employers — an increase of 18.2% from June 2022.
Through the first half of the year, the state has had 155,000 total involuntary separations, up 32,000 or 26% from the first half of 2022. Still, the six-month total for 2023 is one of the lowest since 2001.
Louisiana had 94,000 total separations in June, both voluntary and involuntary, up 4.4% from June 2022. So far this year, Louisiana has had 591,000 total separations — the second-most recorded in the first half of a year behind only 2020’s 644,000. Compared to the first half of 2022, the state has seen 56,000 or 10.5% more separations.
As might be expected with the state seeing high numbers of workers leaving their jobs, the state has continued to be one of the nation’s leaders in job openings and hires, the data shows. An estimated 114,000 workers were hired in June, giving the state a total of 602,000 so far this year.
The 114,000 new hires in June was the most for a single month since 115,000 in November 2021. The total through June is a new record for the state in the first six months of a year. Louisiana has had around 34,000 or 6% more new hires so far in 2023 than it did at the same point last year.
Compared to June 2022, the state had around 22.6% more job openings in June 2023 — the largest growth in the nation over that period.
Louisiana also had around 157,000 job openings in June 2023, an increase of 3.3% compared to June 2022, which is the second-largest growth among all states. Through June, the state had 921,000 total job openings, the most ever recorded in the first six months of a year and a 0.4% increase from the same point in 2022.
June also marked the 10th consecutive month that the state has had at least two job openings per unemployed person.