Best Cities For Jobs:
Lafayette Area is in Top 50!
According to the Praxis Strategy Group, the greater Lafayette Area is ranked as the 50th best small city for job growth for 2009. That is up 94 places since last year. The area is ranked 85th overall out of the 336 cities listed. The highest ranking area in Indiana, Lafayette moved up more than 200 places from last year. The rankings uses the robustness of the area's growth, and includes all of the areas included in the employment data reports from the U.S. Bureau of Labor Statistics through January 2009.
The index is calculated from a normalized, weighted summary of: 1) recent growth trend: the current and prior year's employment growth rates, with the current year emphasized (two points); 2) mid-term growth: the average annual 2003-2008 growth rate (two points); 3) long-term trend: the sum of the 2003-2008 and 1998-2002 employment growth rates multiplied by the ratio of the 1998-2002 growth rate over the 2003-2008 growth rate (two points); and 4) current year growth (one point).
