United States Congress Joint Economic Committee

Louisiana

June 2023

Labor Market (BLS/Haver)
Most Recent Prior Month 12 Mo. Prior
Louisiana Unemployment (U-3) 3.6% 3.5% 3.9%
U.S. Official Rate (U-3) 3.7% 3.4% 3.6%
U.S. "Real" Rate (U-6) 6.8% 6.6% 7.2%
Louisiana Labor Force Participation Rate 59.0% 58.8% 58.7%
U.S. Labor Force Participation Rate 62.1% 62.2% 61.9%
Prices (BLS/Haver, AAA)
Most Recent Prior Month 12 Mo. Prior
CPI-U Inflation 4.9% 5.0% 8.3%
"Core" CPI Inflation 5.5% 5.6% 6.2%
National Gas/gal. Updated 6/10/23 12:00 AM $3.59 $3.53 $4.99
Louisiana Gas/gal. $3.09 $3.09 $4.52
South Region: Loaf of Bread $1.81 $1.77 $1.41
South Region: Milk/gal. $4.12 $4.19 $3.88
Economic Growth (BEA, WSJ/Haver)
U.S. Real GDP
Q4/2022 (2nd Estimate)
2.7%
LA Real GDP
Q4/2022
2.2%
S&P 500 (YTD)
11.96% Updated 6/10/23 5:00 AM
Minimum Wage (DOL/WHD)
National Hourly Rate
$7.25
LA Hourly Rate
(No minimum wage required)
Last Generated: 6/10/23 5:15 AM