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The Louisiana Economy Division of Economic Development and Forecasting E.J. Ourso College Of Business Louisiana State University.

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Presentation on theme: "The Louisiana Economy Division of Economic Development and Forecasting E.J. Ourso College Of Business Louisiana State University."— Presentation transcript:

1 The Louisiana Economy Division of Economic Development and Forecasting E.J. Ourso College Of Business Louisiana State University

2 Topics A bit about our research projects Key features in the Louisiana economy Forecasts for the Louisiana economy Concerns

3 Division Related Projects Louisiana Economic Outlook Occupational Forecasting (LWC) Job Vacancy Survey (LWC) Economic Development Impact Studies (LED) Tourism Satellite Account (CRT) UI Claims Forecast Others: Green Jobs, LHIS

4 Unemployment Rates: U.S. and Louisiana

5 US Employment by Industry

6 LA Employment by Industry 1%  20,000 jobs

7 Share of US GDP

8 Share of LA GDP

9 Key Features of LA Katrina Rebuilding Industrial mix – Primarily non-durable goods manufacturing Heavy reliance on oil and gas industry Industrial construction

10 Louisiana Driver Firms Driver Firms Included in Analysis Number of firms Direct Employment157,291149,945 Total LA Jobs Created468,326440,000 Direct Wages$2.4 billion$2.3 billion Total LA Sales Created$36.6 billion$ 35.2 billion Driver Firms

11 Forecasts by RLMA (Preliminary) StatisticalAdjustedHistorical Data Forecast : New Orleans0.2%0.3%0.7%0.6%-1.5% 2: Baton Rouge0.8%1.1%2.1%1.5% 3: Houma1.3%1.5%2.5%2.6%2.0% 4: Lafayette0.9%1.2%1.7%1.3%1.0% 5: Lake Charles0.3%0.7%1.7%1.3%0.5% 6: Alexandria0.6% 1.9%1.2% 7: Shreveport0.5%0.7%1.6%1.0%0.8% 8: Monroe0.6%0.9%1.8%0.9%0.0% Statewide0.6%0.8%1.5%1.1%0.3%

12 Concerns Hurricane recovery and New Orleans Major legislation is creating uncertainty in key sectors –Healthcare –Energy –Financial State Budget

13

14 LA Population

15 Demographic Trends


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