State Job Numbers Are No Cause for Celebration

As Louisianans celebrate a vastly different kind of Mardi Gras this year, the latest economic data shows that COVID-19 has resulted in far more than cancelled parades. State and local government officials’ response to the pandemic has also led to significant job losses. Louisiana’s new economic data shows that while the number of Louisianans on…

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 Fraud in Louisiana?

Two weeks ago, it appeared as though the Louisiana economy was once again headed for darker times. As other states were reinstituting stricter lockdown penalties and Mayor LaToya Cantrell was canceling Mardi Gras, the number of new Louisiana unemployment claims skyrocketed to over 40,000. It seemed the lack of travel to Louisiana might have resulted in…

Governor Edwards Adds New Economic Restrictions, Pelican Statement

Today, Gov. John Bel Edwards announced Louisiana is returning to Phase 2 of the state’s COVID-19 economic restrictions. In addition to ordering many bars across the state to close and sending most businesses back to 50 percent occupancy through the end of the year, Gov. Edwards also limited gatherings to 75 indoors and 150 outdoors. Additionally,…

Sam and Jaymie Wright

We recently traveled to Leesville and met with Jaymie and Sam Wright, a husband and wife team who spent years building two successful bars from the ground up. Jaymie and Sam are lifelong Leesville residents, and they are happily married with three children and are expecting their first grandchild soon. After founding Club Zydeco more than a decade…

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…

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…