Chinese tariffs are in effect. What's the impact for Louisiana?
Posted on 7/8/2018 5:40:00 AM.

Billions in Chinese tariffs went into effect Friday, and Louisiana industries are bracing for what could be a rocky ride. A recent Forbes report showed Louisiana as the most at risk state for negative effects from tariffs due to its export and shipping based economy.

tariffs, Louisiana, 2018, Don Pierson, economy, Trump, Robert Landry

Chinese tariffs kick in July 6th, report says they could hit Louisiana hard
Posted on 7/5/2018 9:10:00 AM.

A Forbes report shows Louisiana is the state most at risk of being economically crippled by the escalating trade wars initiated by the Trump Administration. The study shows nearly 21 percent of the state’s GDP comes from exports, with five percent coming from Mexico and China specifically. Louisiana US Congressman Garret Graves says he’s watching the negotiations closely.

tariffs, Louisiana, 2018, Garret Graves, economy, Trump

New tax code starting to take shape
Posted on 1/3/2018 1:25:00 AM.
A few national corporations announced they’d be giving holiday bonuses last week as a result of the GOP tax bill, but on a local level the response has been somewhat more muted. LSU economist Loren Scott says Louisiana business are still analyzing the thousand page tax bill, and it’s too early to predict exactly how it will play out back home
Economy, Taxes, Finance

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

Vice President Pence: 'We will make America prosperous again'
Posted on 5/24/2017 3:03:00 PM.

Vice President Mike Pence echoed many of President Donald Trump’s campaign promises when he told a crowd in Port Allen the administration will make America prosperous again. He says the president’s leadership is already making a remarkable difference in the economy. He says businesses are responding to the president’s call to buy American and hire American.

Mike Pence, Donald Trump, oil and gas, ACA, economy

TIP survey finds Louisianans concerned about jobs, economy
Posted on 4/21/2017 11:48:00 AM.

A group opposing Governor John Bel Edwards tax plan has paid for a poll that shows a majority of Louisiana residents are concerned about the economy and oppose higher taxes on businesses.

Kelli Bottgher, Truth In Politics, survey, taxes, jobs, economy

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.

Loren Scott, economy, oil and gas, job growth

Data indicates Louisiana is one of seven states struggling
Posted on 2/8/2016 12:53:00 PM.
Michelle Southern reporting.
Louisiana's economy is just one out of those in seven states in the nation that did not end 2015 on a strong note, according to the Federal Reserve Bank of Philadelphia. The index shows our economy contracting during the last three months of the year.
louisiana, economy, loren scott, Philadelphia Fed index, oil and gas, saudi arabia

Could a minimum wage hike in Louisiana help the economy?
Posted on 1/12/2016 11:17:00 AM.
In his inaugural address, Governor John Bel Edwards spoke of raising the minimum wage in Louisiana.  Many wonder what kind of affect an increased minimum wage would have on business and workers.  
Louisiana, economy, minimum wage, Jim Richardson

Falling oil prices negatively effect Louisiana economies
Posted on 8/4/2015 12:28:00 PM.
The price of US crude oil has fallen to its lowest price in four months and it is having a negative impact on economies in Louisiana.  The current price for a barrel of US crude is just $45 a barrel, down from $61 a barrel on June 10th.  
oil, prices, Louisiana, economy, Loren Scott, jobs

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