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…

Latest Jobs Report Has Bad News for Louisiana

This hasn’t been a year of positive news. Over the last few months, however, there have been some bright spots for Louisiana and the nation’s economies, as they have been steadily moving in the right direction. But, the latest jobs report from the Bureau of Labor Statistics has some sobering news for those who expected…

Victory in Fight Against Lawsuit Abuse in Louisiana

On Thursday, Governor John Bel Edwards signed House Speaker Clay Schexnayder’s HB 57, which will help to lessen lawsuit abuse and lift the burden it places on Louisianans. With citizens across the state demanding solutions to lessen the harm caused by lawsuit abuse, this legislation earned widespread support in both the House and the Senate…

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…

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…

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…

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…

Pelican Unveils Policy Solutions to Get Louisiana Working in the Aftermath of COVID-19

Today, the Pelican Institute released its Get Louisiana Working Policy Solutions. This plan outlines reforms to key public policy areas to encourage the return of jobs and opportunity and to strengthen the state’s economy following the destruction resulting from COVID-19 and measures taken to address it. The Pelican Institute is also calling on state leaders…

Louisiana’s 2019 GDP Ranked Among The Worst in Nation

As economic news continues to focus on the fallout from the COVID-19 pandemic, the Bureau of Economic Analysis’ (BEA) recently released report further underscored Louisiana’s pre-coronavirus economic struggles. In the final quarter of 2019, the BEA report on state Gross Domestic Products (GDP) showed the Louisiana economy grew an anemic 1.1 percent, ranking 43rd in…

To Reverse Its Course, Louisiana Must Have Lawsuit Reform

Louisiana has a problem. With the release of each new job and economic growth report, we get more evidence of our state falling further behind the rest of the nation in nearly every category. Unsurprisingly, jobs are the most reported reason people are giving for leaving Louisiana. While there are many culprits for the departure…