News -> INDReporter WED, APR 27 4:35PM by Leslie Turk

Lafayette unemployment remains 6.3%

The Lafayette metro, which includes St. Martin Parish, maintained a 6.3 percent unemployment rate from February to March. Lafayette Parish’s rate went up from 6.0 to 6.1 and St. Martin's remained 7.4, but the change was not sufficient to affect the overall figure.

The U.S. unemployment rate fell from 9.5 to 9.2 percent, and the state’s remained unchanged at 8 percent. The Baton Rouge metro had the largest increase in the state, rising from 8 to 8.2 percent. Lake Charles was the only metro area to fall, coming in at 7.2 percent compared with 7.3 percent in February.

A year ago, Lafayette Parish’s unemployment rate was 5.2 percent. The Lafayette metro’s unemployment in March 2010 was 5.5 percent, second only to Houma-Thibodaux’s 5.0. That metro’s current rate is 5.8 percent, solidly the lowest in the state.



Comments (13)add
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written by Gaius Cilnius Maecenas , April 27, 2011 - 09:14 pm
This is excellent information! I hope it reflects truthful socio-economic data.

One hears continuously on television by thoughtful commentators who are professionally trained [labor workforce] economists, with a competent background in higher mathematics, that the actual unemployment rate for the nation at large is 16%!

I would still want to know the actual statistical categories of wages [what sort? (quality) & how much? (quantity)]. It seems to me we have in Louisiana too many poor paying, mediocre jobs. However, this is anecdotal evidence on my part.
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written by ragin_cajun , April 28, 2011 - 10:29 am
There is no doubt that the Feds' unemployment numbers are severely skewed because they are not counting people that are "no longer participating" in the workforce because they've "quit looking" for a job.

I do think that unemployment in Lafayette is WAY lower than the national average, and we should all consider ourselves very lucky for that.

Also, let me say that this low unemployment is NOT because of politicians at the state or local level.
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written by Gaius Cilnius Maecenas , April 28, 2011 - 10:09 pm
ragin_cajun:

Quite the contrary! It is because of our political system! We have, essentially, an early 18th century French caste system. That is, a "slave mentality plantation system" based on running through bodies. There are no labor protections, unions or well-paid jobs for the majority of our people. That is why we really do not have a middle "working class." What we have is a professional class [teachers (very poorly paid), lawyers (living off the government services), and medical doctors (living off the private insurance industry and the federal system)]! Business owners, who exploit their work force (burn them out and throw them out) with mediocre work environments! And to make the system work, we require the delusional content of evangelical religion to rot out the brain!

When your option is starvation or meaningless work---there is always plenty of grey market and black market work to do in Louisiana! This is why I wanted qualitative and quantitative analysis!
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written by ragin_cajun , April 29, 2011 - 12:49 pm
GCM --

You're not making much sense there, buddy.
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written by ragin_cajun , April 29, 2011 - 03:56 pm
This article says something completely different.
http://www.thedeadpelican.com/2011/scalise03.htm

If you compare Lafayette to the rest of the nation, we are the 9th or 10th worst in the country. I guess it's all in the spin, huh Leslie?
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written by ragin_cajun , April 29, 2011 - 03:59 pm
http://www.bls.gov/web/metro/laummtch.htm

In fact, we're in the bottom 10 in the nation! errr....top ten in the nation! It doesn't look good when you look at Lafayette, LA on the list on the GOVERNMENT'S website.
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written by Leslie Turk , April 29, 2011 - 04:24 pm
ragin_cajun, thanks for the info. I'll definitely look into it.
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written by Gaius Cilnius Maecenas , April 29, 2011 - 04:56 pm
ragin_cajun:

You website is a government website: Lafayette, LA is ninth or 362 [1 being really bad] from the least score for unemployment.

Our whole state has only 4.3 million citizens, or there about, so I fail to see the significance of the data. You would think we would have a better record than that. March 2010 it was 5.5% and March 2011 it is 6.3% which is a 0.8% change reflecting data last modified since April 27th, 2011.

I concur with your observation on my "rant." I do want still meaningful scientific data as to quantitative (what sort of jobs) and quantitative (how much the wage structure)! Otherwise, the labor data is meaningless, since it is a function of city population density!
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written by Docy B , April 30, 2011 - 08:49 am
written by ragin_cajun , April 29, 2011
http://www.bls.gov/web/metro/laummtch.htm

I guess when government statistics predict doom for the economy, r.c. suddenly comes to believe in government.

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written by Gaius Cilnius Maecenas , May 01, 2011 - 11:14 am
To the Group:

One would think that we would have a more reliable system for tabulating "unemployment"; you are only counted as "unemployed" if you are actively looking for work. We hear continuously that the unemployment rate really is 16-17% nationally!

Media (nationally) is doing a very poor job of covering & discussing this issue! This is one of the essential failures of a capitalistic, commercialize media [information] system.

My deepest fear is that we have already destroyed the foundational roots of this society by excessive income inequality. Once you destroy your middle class, it takes about 50 to 100 years to bring it back!

Our society is "looking" and "feeling" more each day like Venezuela & Mexico! We are, essentially, becoming a banana republic.

The capitalists need to reign in their excessive expenditures for mediocre talent at the CEO and legal board level. After all, we have an abundance of talent (hence, no need for such foolish salaries at the top).

In this bleak period, there is, however, one silver lining! Massive government investments in a new society of tomorrow! We are, after all, the most knowledge-rich society on Earth!

My deepest concern is the electric grid system! It requires $70-$80 Billion Dollars for up-grade nationwide. In Lafayette, LA we could really take a leadership role on this very timely matter!
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written by ragin_cajun , May 02, 2011 - 08:50 am
To The Group:

GCM's post is very informative, and every one of us need to stop and think very carefully about what he has said.
1. The government rigs the numbers when they count unemployment, the media doesn't report it well, but that is somehow a failure of a capitalistic system.
2. Income inequality has destroyed our society "already"
3. Capitalists need to reign in what they pay individuals
4. Government spending is the only silver lining he sees
5. Government needs to spend money on the electric grid nationwide

This line of thought is exactly what Lenin, Trotsky, and Stalin proposed for the USSR. This is exactly what Mao proposed for China. This is exactly what Mussolini proposed for Italy.

GCM is telling us that the free market is wrong, spontaneous and free growth of society and the economy is wrong because some Socialist knows better what to do and how to do it.

Wherever government has interfered with free markets and created the same bad outcomes it always does, GCM and Socialists like him see that as an example of free markets failing, instead of government failing.

GCM's rant is predictable, unimaginative, unoriginal, and proven wrong by centuries of history.

If we don't want America to become a "banana republic" like Venezuela or Mexico, then perhaps we should look at what Venezuela and Mexico have in common that is keeping their standard of living so low--centralized control of the means of production, and government allocation of wealth. That is what is ruining those countries, and that is what is beginning to damage ours.

Thanks, GCM, for providing us this valuable insight into the mind of the Leftist.
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written by Johnny M , May 02, 2011 - 01:15 pm
GCM clearly has limited knowledge of business, education or economics...not to mention punctuation (or should I say "not to mention punctuation!").
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written by Bow Tox , May 02, 2011 - 02:23 pm
written by ragin_cajun , April 29, 2011 to Gaius Cilnius Maecenas

You're not making much sense there, buddy.
---------------------------

You can say that again but I was thinking it was a 17th Century Polish system. Or was Montenegro? No matter, it was just as important as anything from GCM.


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