Despite hiccups, Louisiana economy slowly moving forward

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…

Unemployment spikes again in Louisiana

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…

Damage of Louisiana’s Shutdown Becoming Clearer

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…

New Report Reveals Extent of Damage from COVID-19 and Shutdowns

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…

Initial Unemployment Claims Spike Following Bar Closures

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…

Some Good News in Latest Jobs Numbers, But Will They Hold?

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…

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…

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.…