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Louisiana Industrial Employment Growth Stagnates

Contact: Jennifer Ratcliff
Manufacturers' News, Inc.
1633 Central St.
Evanston, IL 60201
(847) 864-9440 ext. 241

EVANSTON, Ill, July 28th, 2015/Manufacturers' News, Inc./-- After posting three straight years of manufacturing employment growth, Louisiana industrial jobs dipped slightly in the past year, according to the 2015 Louisiana Manufacturers Register®, an industrial database and directory published by Manufacturers' News, Inc. (MNI) Evanston, IL. Data collected by MNI shows Louisiana lost 1,223 manufacturing jobs from May 2014 to May 2015, about a half percent.

Manufacturers’ News reports industrial employment in Louisiana grew 4% between May 2011 and May 2014. The Pelican state is now home to 5,097 manufacturers employing 194,596 workers.

Louisiana has one of the most business-friendly environments in the nation and is rich in natural resources,” says Tom Dubin, President of the Evanston, IL-based publishing company, which has been surveying industry since 1912. “However, the decline in oil prices has affected the all-important oil and gas sector.”

Manufacturers’ News reports job losses were largely due to the struggling oil/gas industry. Employment in oil/gas extraction shot up 38% from May 2011 to May 2014, according to MNI data, but fell 1.3% over this year’s survey period. The oil/gas industry currently ranks first in the state for industrial employment, with 25,934 workers.

Other losses were seen in stone/clay/glass, down 6.5%; primary metals, down 2.7%; paper products, down 2.4%; and food products, down 1.5%; and petroleum products, down 1%.

Industrial locations announcing closures included New Century Fabricators, which shuttered its New Iberia plant and CB&I, which ceased its operation in Addis.

Losses in those sectors were offset by gains in the state’s all-important chemicals industry, which inched up 1% in the past year. Other gains were seen in textiles/apparel, up 3.8%; medical instruments/related products, up 3%; and fabricated metals, up 1.9%.

Bright spots for the state included American Specialty Alloy’s plans to open an aluminum plant in Pineville; the opening of EPIC Piping in Livingston Parish; and the recent opening of ABB’s Baton Rouge facility.

According to the database of manufacturers, Southeast Louisiana accounts for the most industrial employment with 98,325 jobs, down a half percent over the year. The Southwest region accounts for 59,149 jobs, with no significant change reported. Jobs fell a half percent in the Northwest, with the third-ranked region home to 26,398 jobs, while fourth-ranked Northeast Louisiana accounts for 10,724 jobs, down 2.5%.

Manufacturing companies in Baton Rouge employ 15,429 workers, with jobs in this top city down 2.6% over the year, reports MNI. Employment fell 1.1% in second-ranked Houma, to its current level of 11,426 jobs, while Lafayette accounts for 10,118 jobs, up 1%. New Orleans industrial employment declined a half percent to 9,472 jobs, and fifth-ranked Shreveport accounts for 8,726, down 3.6%.

Detailed profiles of all Louisiana manufacturers can be found in the 2015 Louisiana Manufacturers Register® available in print or online. Established in 1912, Manufacturers' News, Inc. is the nation’s oldest and largest publisher of industrial information. MNI offers a variety of tailored solutions to help customers connect with 430,000 manufacturers and suppliers, from print directories to online subscriptions. MNI’s industrial database subscription service EZ Select: allows users to tap into a live interactive database of manufacturers, while its industrial search engine IndustryNet connects buyers and suppliers and allows users to view profiles and obtain competitive quotes. MNI’s traditional print directories are published for each state and include in-depth profiles of every manufacturer in the U.S. For more information, contact Manufacturers' News, Inc. 847-864-7000.
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