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UnemploymentRate <br />Consistentwithastablepopulationbaseandlargenumberofresidentsworkingoutsideof <br />thecity,LatƚƩƷĻ͸ƭunemploymentratehasfluctuatedbasedonregionaleconomictrends.In <br />2000,theunemploymentrateinLaPorteregistered3.2percent.By2005,the <br />unemploymentratehadrisento4.4percent.Theresurgenceoftheoilandgassector <br />createdaneconomicsurgeforthearea.Asaresult,theunemploymentratedroppedto3.6 <br />percentin2007.Thecurrentnationaleconomicrecessionandfallingenergyprices,however <br />havereversedsomeofthesejobgains.ThecurrentunemploymentrateinLaPorteis6.0 <br />percent,abovetheHarrisCountyaverageforthefirsttimethisdecade. <br />Figure8:LaPorteUnemploymentRate <br />8% <br />LaPorteHarrisCountyStateofTexas <br />7% <br />6% <br />5% <br />4% <br />3% <br />2% <br />1% <br />0% <br />200020012002200320042005200620072008(Nov) <br />Source:TexasWorkforceCommission <br />Comparedtoitspeercommunities,LatƚƩƷĻ͸ƭrisingunemploymentrateisconsistentwith <br />regionaltrends.InNovember2008,Texas/źƷǤ͸ƭunemploymentrateclimbedto9.3percent, <br />or50.0percentgreaterthantheLaPortevalue.DeerParkandLeagueCityhavethelowest <br />unemploymentratesat5.1percent5.3percentrespectively. <br />17 <br />| <br />City of La Porte, Texas - Economic & Demographic Assessment January 2009 <br /> <br />