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.…

Pelican Applauds Legislature on Passage of Significant Legal Reform

Today, the Louisiana Legislature passed HB 57 by Speaker Clay Schexnayder, the Civil Justice Reform Act of 2020, in an overwhelming majority. HB 57 is a major victory for curbing lawsuit abuse and lessening the personal financial pain it causes, as well as its damaging effects to our state’s economy The following is a statement from…

School Choice Champions Earn Major Victory in SCOTUS’ Espinoza Decision

Today, in a landmark victory for First Amendment and school choice champions, the U.S. Supreme Court (SCOTUS) issued a ruling in one of the most anticipated cases of this term, Espinoza v. Montana Department of Revenue. At issue was whether Montana violated the First Amendment’s Free Exercise Clause by prohibiting families who choose to enroll…

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 Policy to Get Louisiana Working

On Monday, in a major win for policies to Get Louisiana Working, Governor John Bel Edwards signed Representative Beau Beaullieu’s HB 469 into law. HB 469 reforms our state budget process to rein in reckless spending. Over the last few years Louisiana’s general fund has grown by nearly 12 percent, while our population has decreased…

Pelican Statement: Governor Vetoes Rural Broadband

On Friday, Governor John Bel Edwards’ vetoed an important piece of legislation for connecting Louisianans to high speed internet. SB 406 by Senator Beth Mizell would have removed government barriers that are preventing countless Louisianans from getting connected. The following is a statement from Daniel Erspamer, chief executive officer of the Pelican Institute, regarding Gov.…

Pelican Statement: Governor Vetoes Key Legal Reform

Today, Gov. John Bel Edwards vetoed a critical piece of legal reform legislation. Louisiana’s judiciary has adopted a practice to ignore legal liability limits and other protections, instead allowing aggressive plaintiffs to sue entrepreneurs of all sizes. This impacts everyone from small mom and pop shops to large oil and gas companies. HB 313 by Representative…