Last Jobs Report of the Year A Mixed Bag

by Eric Peterson, Director of Policy During the holiday season, Louisianans have more on their mind than the latest state economic reports. Yet as we enter the New Year, it’s important to understand where our state’s economy stands. Two reports, one from the Bureau of Labor Statistics (BLS) and the other from the Bureau of…

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…

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.…

Income Growth in Louisiana

Preliminary estimates released by the U.S. Bureau of Economic Analysis revealed that personal income growth slowed in 2008. In Louisiana, personal income growth slowed to 4.2 percent in 2008, a virtual crawl compared to 10.2 percent in 2007. Of course the decline is not limited to Louisiana, as personal income growth nationwide slowed to 3.9…