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…

While National Economy is Improving, Much of Louisiana is Still Lagging

Just in time for the Independence Day Holiday, the Bureau of Labor Statistics (BLS) released some good news for the American people. The national unemployment rate fell 2.2 percent, leading to a total of 11.1 percent in June. Most notably, an astounding 4.8 million Americans who were temporarily laid off are now back in the workforce.…

Louisiana Wages Dropped by Nearly $500 Million in First Quarter

The Bureau of Economic Analysis’ (BEA) latest report, which showed that Louisiana personal income grew in the first quarter by 2.2 percent, appeared to be a welcome sight for a state still reckoning with the fallout of COVID-19 and subsequent economic shutdown. However, a closer look at the numbers reveals the income growth is a…

Louisiana Economy Appears Stuck in Neutral

The Bureau of Labor Statistics (BLS) recently reported that America gained 2.5 million jobs in the month of May, leaving many in Louisiana wondering how that would translate to the state’s economy. This morning’s BLS report showed Louisiana gaining almost 33,000 jobs in May, leading to a decline in the unemployment rate of 1.8 percent. The state’s…

Big Victory for Military Families with Signing of HB 613

Military families relocating to Louisiana will now have greater access to jobs and opportunity thanks to the signing of Representative Chuck Owen’s HB 613. Previously, new Louisiana military families faced needless obstacles to work due to government red tape known as occupational licenses. The new law will allow military spouses and dependents with an occupational…

Despite Signs of Improvement, Louisiana Economy Still Lagging

As Louisiana begins moving into Phase 2 of reopening from the COVID-19 shutdown, there are faint glimmers of good economic news on the horizon. The number of initial unemployment claims for the last week of May were under 20,000 for the first time since March 21. This marks the sixth consecutive week of declines in…

Pelican Responds to State Plan to Reopen Louisiana’s Economy

Today, Gov. John Bel Edwards announced Louisiana will begin implementing Phase 1 of the federal government’s reopening guidelines on May 15. Pelican released the following statement from CEO Daniel Erspamer regarding the state’s plan to reopen Louisiana’s economy and ease lockdown restrictions. “For the last month, the Pelican Institute has urged Louisiana leaders to begin…