by Eric Peterson, director of the Pelican Center for Technology and Innovation Policy The New Year’s celebrations brought with it a hope that the turning of the calendar would leave the bad news of 2020 behind us. Unfortunately, some of the first economic reports of the year signal we still have a long way to…
by Eric Peterson, Director of Policy As 2020 winds down, I can’t help but reflect on the difficulties we’ve all experienced, both on the health and economic fronts, throughout this year. Fortunately, as a vaccine appears within reach, so too is a return to a strong economy. The latest jobs release from the Bureau of…
Despite mostly good news on both the Louisiana health and economic fronts over the last few months, November has brought spikes in both unemployment and COVID-19 cases. While unemployment claims had been trending downwards for some time, even getting below 10,000 for a few weeks, the week ending November 14 saw claims jump to over…
While most Americans were following the latest twists and turns in the election last week, some excellent economic news flew under the radar. On the state front, the number of Louisianans filing for unemployment continued its swift decline, with just over 7,700 individuals filing the week ending October 31. This is still about four times…
As the Louisiana legislature debates adding checks and balances to the state’s emergency powers, reports from both the Bureau of Labor Statistics (BLS) and Bureau of Economic Analysis (BEA) are painting a picture of just how economically damaging the state’s shutdown has been. Let’s start with the worst news. The BEA reported Louisiana’s economy shrank…
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…
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…
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…
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…
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.…