Advocate: Jobs in New Orleans grew in 2012

Good info to know about our new city. Via TheAdvocate.com (full story):

image via offshorejobs.net

image via offshorejobs.net

New Orleans — A recent UNO study found that the metro New Orleans area economy grew modestly during the first three quarters of 2012, with major job losses being offset by new jobs in other industries.

According to the latest UNO Metropolitan Report, compiled by the university’s Division of Business and Economic Research, total employment in the metro area grew 0.4 percent, while there were substantial job losses reported in industries such as construction, manufacturing and retail trade.

Those losses, however, were offset by employment gains in the areas of leisure and hospitality, educational services, and professional and business services.

The U.S. Labor Department this week released statistics showing that in November, the metro New Orleans area has the second-lowest percentage of unemployment in the country at 4.7 percent. Oklahoma City has the lowest rate for large metropolitan area with 4.5 percent unemployment.

The backbone of all the figures in the report is the population of the metro area.

Since Hurricane Katrina, the population has steadily increased as some people returned home, while new residents arrived.

With about 1.2 million inhabitants, the population is 88 percent of its pre-Katrina level, according to the report.

However, because of migration to the suburbs after the storm, more people now live outside of Orleans Parish. Its population is about 74 percent of what it was before the storm.

Meanwhile, the remainder of the parishes in the metro area have reached 97 percent of their pre-storm levels.

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