National unemployment rates rose last month to 8.2%, the highest it's been in almost a year. According to the Labor Department, they saw 69,000 new jobs. Less than half the number expected. But, right here in the Hub City, the unemployment rate didn't rise at all, in fact it dropped to the lowest point it's been in several years.
According to Gregg Gothreaux, President and CEO of The Lafayette Economic Development Authority, Lafayette's unemployment rates are the lowest they have been in several years at 4.3%.
We also saw 10% in job growth. That places us in second place in the nation for job growth. Gothreaux explains that the oil, gas and medical fields are the main reasons behind our growing economy.
If things continue the way they are you can expect our local economy to grow 3% each year for the next several years.