Lafayette area projected to take one more oil slump hit before job growth in 2019
The oil slump-stricken Lafayette area could begin to add jobs in 2019, about 1,600 of them, but likely will first experience another slight down year of 800 jobs in 2018, an economic forecast shows.
The good news for Lafayette is that the rate of job losses, which ripped away 10.6 percent of employment over the past two years, is slowing, said Loren Scott, author of the Louisiana Economic Outlook. To get an idea of how bad that was for Lafayette, total U.S. employment during the Great Recession of 2008-2009 fell 6.1 percent.
Meanwhile, the Houma-Thibodaux area lost 16.4 percent of its jobs over the past two years…