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Louisiana Industrial Employment Growth Stagnates

 
 
 
 
FOR IMMEDIATE RELEASE
Contact: Jennifer Ratcliff
Manufacturers' News, Inc.
1633 Central St.
Evanston, IL 60201
(847) 864-9440 ext. 241
jratcliff@manufacturersnews.com




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: http://www.ezselect.com allows users to tap into a live interactive database of manufacturers, while its industrial search engine IndustryNet http://www.industrynet.com 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. http://www.manufacturersnews.com
 
 
 
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