Report: Louisiana expected to add nearly 60,000 jobs over the next two years
Posted on 9/26/2018 3:28:00 PM.
The Louisiana Economic Outlook predicts the state will add nearly 60,000 jobs by the end of 2020 and Louisiana will surpass the 2-million job mark for the first time in history in 2019.
LSU economist Dr. Loren Scott says Louisiana's economy suffered a 28-month recession losing many jobs in the oil patch, including 21,000 jobs in Lafayette and 16,000 in Houma.
Loren Scott, LSU Economist, Economic outlook, jobs, oil patch, Lake Charles

Two reports predict peak of oil demand is rapidly approaching
Posted on 9/11/2018 6:40:00 PM.

Two groups are now forecasting that the end of the oil era is coming. The Carbon Tracker Initiative says demand for fossil fuels will peak around 2023, while Norwegian risk-management company DNV also predicts oil demand will max out in five years’ time.

But LSU economist Dr. Loren Scott disagrees and says emerging economies in China and India will make sure the demand for oil continues.
Oil, Solar, Wind, LSU, Loren Scott

Chemical industry is top manufacturing job provider in the state according to study
Posted on 5/10/2018 5:21:00 AM.
A study for the Louisiana Chemical Association shows the industry is responsible for nearly 80-billion dollars in annual sales and is the number one provider of jobs in Louisiana’s manufacturing sector.
Louisiana Chemical Association, Loren Scott

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.

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.

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.

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.

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.

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.

Loren Scott, President Donald Trump, Mexico,

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