Louisiana saw the largest decrease in median household income in the nation
Posted on 9/17/2017 3:37:00 AM.

The median household income in Louisiana declined by over 2%  in 2016, the largest decrease in the nation according to Census Figures. Dr. LSU Economist Loren Scott says this decrease is a result of the struggling oil and gas industry. He says we have three metropolitan areas that are in a recession, Houma, Lafayette and Shreveport.
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Loren Scott, median income, economy

Construction jobs keep growing in Louisiana
Posted on 9/3/2017 4:57:00 PM.
By Jeff Palermo
Based on data from the Louisiana Workforce Commission, 1.9 million people have a jobs in this state. That's an increase of 12,000 from a year ago. LSU economist Dr. Loren Scott says because of an industrial boom in Lake Charles and Baton Rouge, the construction sector is doing well.
Louisiana Workforce Commission, Loren Scott, Lafayette, Houma, Baton Rouge, Lake Charles, construction

Report: Louisiana one of two states to see decline in wages from 2013 to 2016
Posted on 5/9/2017 2:03:00 AM.

Louisiana is one of just two states to see a decline in median wages between 2013 and 2016, according to Governing magazine’s analysis of federal data. LSU economist Dr. Loren Scott says that’s not surprising because the Bayou State has been in a recession since August of 2015.
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Loren Scott, Governing magazine, median wages, oil and gas

Study finds again that the film tax credit causes big hit to the state's budget
Posted on 4/11/2017 4:59:00 AM.

Another study by LSU economist Dr. Loren Scott finds the return isn’t there when it comes to state’s film tax credits program as the report shows it causes a significant hit to Louisiana’s budget. Scott says the return of investment was 22% in 2016.
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LSU, Loren Scott, legislative session, film tax credit

Oil and gas sector sees first over the month employment gains since 2014
Posted on 3/29/2017 11:20:00 AM.

Mining and logging jobs in Louisiana, which includes the oil and gas sector, saw over the month gains for the first time since October 2014. That’s according to the Louisiana Workforce Commission who says employment in this employment sector rose by 200 from January to February. LSU economist Dr. Loren Scott says the primary reason for this is the slowdown of job loss in the Houma and Lafayette areas.
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Loren Scott, oil and gas, employment, jobs

Energy producing areas of state continue to see job loss
Posted on 3/14/2017 11:16:00 AM.

The Bureau of Labor and Statistics finds Louisiana’s unemployment rate has seen little change overall in the past year, but manufacturing and the oil and gas industry continue to see big losses. Houma lost 6,000 jobs over the year, and Lafayette lost 9,000. LSU economist Dr. Loren Scott says the loss rate in the Houma and Lafayette areas has slowed, but not enough.
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Loren Scott, Bureau of Labor and Statistics, unemployment,

LSU Economist: President Trump's proposal to tax Mexican imports could hurt Louisiana
Posted on 1/27/2017 5:20:00 AM.

President Donald Trump is considering a 20% tax on Mexican imports to pay for a wall along the southern border, so what does that mean for Louisiana? LSU economist Loren Scott says if the tax is imposed, Mexico will likely up the price of their exports to the US, which means American consumers will foot the bill.
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Loren Scott, President Donald Trump, Mexico,

Not much change expected for Louisiana's economy next year
Posted on 12/29/2016 4:04:00 AM.

Louisiana’s economy isn’t expected to change much in 2017. LSU economist Dr. Loren Scott says some areas will continue to do better than others. Scott says Baton Rouge and Lake Charles have a number of industrial projects that will get underway next year, but oil-dependent areas won’t be so lucky.
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Loren Scott, economy, oil and gas, job growth

3 Louisiana cities rank among highest in the nation for job loss
Posted on 12/16/2016 2:29:00 AM.
Three Louisiana cities rank as some of the highest in the US for losing the most jobs. According to 24/7 Wall St, the Lafayette area topped the list having accounted for 9400 losses in the past year. Houma/Thibodaux ranked third highest with an area employment decline of 3.7%, and Shreveport-Bossier came in at No. 4 with a loss of 4200 jobs.
loren scott, 24/7 Wall Street, Job Losses

Louisiana business leaders optimistic Trump Administration will benefit economy
Posted on 11/10/2016 5:27:00 AM.

Business leaders in Louisiana are confident a Trump Administration will be good for the state’s economy. Louisiana Association of Business and Industry President Stephen Waguespack says government regulations,
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Stephen Waguespack, Loren Scott, LABI

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