Latest unemployment numbers released by the state put Lafayette’s unemployment rate at a steady 6.3 percent with the addition of 400 jobs in June. That’s almost two percentage points lower than the overall state unemployment rate of 8.1 percent and notably better than the figures listed for Lafayette a year ago.
According to the Louisiana Workforce Commission, 126,635 people were employed in the Lafayette metropolitan statistical area, or MSA (which includes St. Martin Parish) at the end of June. That’s 400 more jobs than Lafayette had in May 2011 and roughly 3,000 more than Lafayette had in June 2010.
Statewide, the total number of jobs decreased by 4,800 thanks in part to the education workforce, where public and private employers are closed for the summer:
Survey results for metropolitan statistical areas (MSA) reflected a similar, typical summer pattern of job losses in education. Overall, not seasonally adjusted data show six metro areas added nonfarm jobs and two had decreases from June 2010 to June 2011.
June unemployment rates for the MSA areas were mixed over the month with three areas - Houma at 5.7 percent, Lafayette at 6.3 percent and Lake Charles at 6.9 percent - decreasing from the prior month. The New Orleans MSA at 8.0 percent and Shreveport at 7.3 percent remained the same as the May 2011 rate. The remaining MSAs increased one-tenth of a percent from May to June 2011. Over the year data showed that all of the MSAs followed the state trend with decreases in the unemployment rates for June 2011 compared to June 2010.
Read the full monthly employment statistics press release here.
C & C Technologies, HIT Fitness, R3 Sciences, the Acadiana Symphony Association and the United Way of Acadiana recognized for innovation.
Under the deal, Teche shareholders would get 1.162 shares of IberiaBank for each share of Teche stock.
Dave Perkins, LCG Comp Plan honored along with local architects and designers at the 2014 INDesign Awards
Greg Manuel’s Lafayette-based residential development company is taking advantage of exponential industrial growth in Lake Charles.
Longtime Lafayette retailer ventures online.
The annual juried competition recognizes excellence in architecture, interior design and historic preservation in Lafayette and the five surrounding parishes.
It’s not how aggressive or conservative you are — it’s planning for risk that matters most.
Cypress Bayou GM hosts open house.
Thanks to cutting-edge digital technology, more and more consumers are banking on ATMs and mobile phones.
Regional bank bids farewell to Downtown May 30
ABiz takes a look back at the most noteworthy moments for the local banking industry over the last year.
Most experts say short-term interest rates will be unchanged through 2014, but long-term rates are inching up.
New hires, promotions, transfers in Acadiana business
The scion of a landmark Four Corners restaurant climbs back into Lafayette’s culinary scene as franchisee for a popular burger chain.
Largest recruitment event in Acadiana returns May 21 to the Cajundome Convention Center
A lawyer’s ad should only be a starting point, as there is much more to consider when seeking quality representation.
Thanks to the inaugural 2012 INNOV8, a design for lifting heavy objects was brought to market.
His company bankrupt and being liquidated, the Lafayette businessman’s financial troubles are mounting.
Georgia-based fried chicken chain would go up against Raising Cane’s, Chick-fil-A and others (like the Popeyes near its proposed location).
A Scott businessman has pleaded guilty to failing to report a conspiracy to award Opelousas Housing Authority construction bids to his company.
Court-appointed examiner says Lafayette businessman was “effectively on both sides” of transactions, opens door for legal action against him.
Lafayette-based insurance broker/risk management group bought by Florida firm for undisclosed sum; principals Landry and Harris continue to run local operations.
The House labor committee rejected bills Thursday that would have set the state minimum wage higher than the hourly federal rate of $7.25 and would have allowed local governments to set their own minimum wage.
Of the major oil- and gas-producing states, Louisiana gained nine rigs, Texas increased by seven, California gained three and New Mexico increased by one.
The Louisiana Workforce Commission said Friday that initial claims rose to 2,101 from the previous week's total of 1,985. There were 2,444 initial claims during the comparable week in 2013.