Acadiana Business

Lafayette's unemployment down to 3 percent

by Leslie Turk

It's not a typo. Lafayette Parish's unemployment rate is the lowest in the state for the 10th time this year.

For the 10th time in 11 months, Lafayette Parish's unemployment rate is the lowest in Louisiana. And if that's not enough good news, get this: It's fallen to 3 percent for November. For the metro, which includes Acadia Parish, the rate is 3.1 percent.

The parish rate is down from 4.1 percent in October and 4.9 percent in November a year ago.

Louisiana's non-seasonally adjusted unemployment rate in November is 4.6, down from 6.2 percent in October 2012 and 6.6 percent in November 2011. The U.S. rate improved to 7.4 percent from 7.5 percent in October and 8.2 percent in November 2011.

According to Louisiana Workforce Commission numbers compiled by the Lafayette Economic Development Authority (to say LEDA chief Gregg Gothreaux is excited by the recent drop would be an understatment), total nonfarm employment for the Lafayette MSA was estimated at 170,800 for November 2012. This representsĀ an increase of 2,100 jobs from over the month and 15,600 jobs from last year.

Over theĀ month, goods-producing employment increased by 900, while adding 5,100 jobs when compared to last November. The service-providing sector added 1,200 jobs from October and 10,500 jobs from last November, LEDA says.

The MSA November unemployment rates and their change from October

Alexandria, 4.5 percent, down from 6.1 percent in October 2012.

Baton Rouge, 4.5 percent, down from 6.1 percent.

Houma, 3.1 percent, down from 4.3 percent.

Lafayette, 3.1 percent, down from 4.2 percent (tied for best in the state, though the parish's rate is lowest)

Lake Charles, 4.2 percent, down from 5.8 percent.

Monroe, 4.9 percent, down from 6.7 percent.

New Orleans, 4.7 percent, down from 6.5 percent.

Shreveport, 4.8 percent, down from 6.5 percent.