Louisiana Lags as America Recovers

The most recent report from the Bureau of Labor Statistics (BLS) revealed the U.S. economy is about halfway to recovery. Meanwhile, Louisiana job numbers are still falling well behind the rest of the nation. Overall, the report wasn’t surprising, as it revealed employment rose by 1.4 million in the month of August while the unemployment…

Louisiana Moving to Phase 3, Statement from CEO

Today, Governor John Bel Edwards announced Louisiana will begin moving into Phase 3 of the state’s economic restrictions on Friday. Pelican Institute CEO Daniel Erspamer released the following statement in response to this decision: “Gov. Edwards’ announcement today is a step in the right direction to get Louisiana working. After months of urging Louisiana leaders to…

Could Expanding Unemployment Insurance Hurt Louisiana’s Recovery?

Last week saw the release of some of best economic news for the state of Louisiana in a long time. According to the Department of Labor’s data for the week ending August 8, the number of Louisianans on unemployment insurance decreased by more than 53,000. This comes on the heels of a 27,000-person decrease during…

National, Local Job Trends Show Better Signs for Louisiana

Over the last few weeks, a trend has emerged showing less Louisianans filing for unemployment than previous weeks. This week saw this pattern continue, with just under 10,000 people filing for unemployment, a decrease of almost 3,500 from the previous week. This was, once again, a new low since the COVID-19 pandemic began. The number…

Inaction on Extending Benefits Leading to Less Unemployment Claims

Last week’s economic news presented a sobering picture of the damage caused by the lockdowns in response to COVID-19. U.S. Gross Domestic Product (GDP) fell by more than nine percent, which means all of the nation’s economic growth since the end of 2014 was completely wiped out. In some better news, however, last week’s decrease…

New Report Reveals Extent of Damage from COVID-19 and Shutdowns

Current methods for collecting economic data causes a disconnect between what people are actually feeling in their lives and the numbers being released to the public. That’s why prior to this week, we knew that COVID-19 and subsequent shutdowns have made large impacts on the American economy, but we didn’t know the full scope of…

Initial Unemployment Claims Spike Following Bar Closures

After faint signs of hope of economic recovery in recent weeks, the decision to shut down bars for the second time seems to be taking a toll on Louisianans’ livelihoods. Governor John Bel Edwards issued the order to close all bars in the state on July 13. The Department of Labor released its latest unemployment data Thursday, and the…

Some Good News in Latest Jobs Numbers, But Will They Hold?

Today, the Bureau of Labor Statistics (BLS) released its latest state-by-state jobs numbers, which featured some overall good news for Louisiana. The state’s June unemployment rate dropped by 4.5 percent, dipping under 10 percent for the first time in months. While this headline shows some improvement in Louisiana’s economic situation, there are reasons to take…

July Sees Major Spike in Louisiana Unemployment Claims

Following the revelation that Louisiana suffered one of the worst Q1 economic declines in the nation, today’s weekly unemployment claims announcement contains even more bad news for Louisianans. Despite remaining steady over the past six weeks, the Department of Labor reports the week of July 4 saw a 45 percent increase in the number of…

Louisiana Economy Suffers One of Worst Declines in the Nation

Due to the damage caused by COVID-19 and government shutdowns, it’s been clear that no state was going to experience any economic growth through the first half of the year. Instead, the major question has revolved around which states’ economies would be hit the hardest. Well the first quarter results are in, and the numbers…