LC tops national list for job growth

The Lake Charles metro area has experienced the highest percentage job growth over the past five years, at 28.3 percent, or 24,482 new jobs, according to 24/7 Wall St.

The report ranked Lake Charles above 30 other cities nationwide. Its job growth is nearly four times the national rate of 7.2 percent.

More than 15,700 new jobs in the Lake Charles metro area were in the mining, logging and construction industries. The median household income is $52,314. Unemployment in Lake Charles was 4.2 percent as of August, the only metro area statewide to have unemployment below 5 percent.

George Swift, Southwest Louisiana Economic Development Alliance president and CEO, said the ranking is the result of $44 billion in industrial projects already underway.

"It’s a good indication of what we’ve been saying; our market is leading the nation in growth," he said.

Another $65 billion in industrial projects have been announced for the region. Economist Loren Scott said in September that Venture Global LNG, Driftwood LNG and Magnolia LNG are the most likely to start construction. Once those projects get underway, Swift said it will create thousands of new construction jobs and "keep the momentum" going economically.

Swift said the industrial projects also create a ripple effect that increases demand in other businesses.

"As more people are here it creates a need for more medical services, retail and food establishments and grocery stores," he said. "You’re seeing the results of increased population growth."

While many of the new jobs are temporary construction, Swift said there will be new permanent jobs once the facilities are done. He said 18,000 new permanent jobs that are projected over the next several years from the announced industrial expansion projects.

"When you are seeing houses and apartments being built, these are for the permanent workers," Swift said.

Results from the report came from reviewing overall employment change in metro areas nationwide from August 2013 to last August. The information came from the Bureau of Labor Statistics.

l

Online: 247wallst.com/special-report/2018/10/29/31-american-cities-adding-the-most-jobs””Lake Charles Job Growth

Crime

Beauregard man charged in father’s death

Local News

Overnight work on underground utilities starts next week

Local Business News

Carheel working to give people opportunity, skills for employment

Local News

Volunteers rewire, restring, restore Founders Park light display

Local News

Historic City Hall exhibits open for Thanksgiving weekend

Local News

Photo Gallery: Community celebrates Thanksgiving

Local News

Nicole Doucet treasures feedback from students — past and present

Jim Beam

Jim Beam column:Some earlier Thanksgivings

Local News

Kinder’s Julia Claire Williams preps for Miss America pageant

Local News

Holiday Art Walk: Find unique treasures at Downtown open-air shopping event

Local News

Thunderstorms expected on Thanksgiving Day

Local News

LC police investigating fatal crash that also left three hospitalized

Crime

Shots fired at Jennings home

Crime

JDSO: Shots fired at Jennings home

Local News

Leesville receives best audit in more than a decade

Business

Care Help of Sulphur receives $25,000 grant

Business

LNG export heavyweights: Cameron Parish has become a major world player

Business

Mark Judson guest column: Talk is cheap, unless it’s ‘law talk’

Business

Names in the News: People shaping the future of Lake Area business

Local News

Jennings City Council expected to OK bid for hurricane recovery projects

life

IN ONE REPORTER’S HUMBLE OPINION: Ora Lee Cole Perkins makes the best dressing

Local News

Fighting gas prices, US to release 50M barrels of oil

Local News

Jennings Art and Technologies Center taking shape

Local News

New $11M housing program for LC