02/09 - Economic Development 2009

What effect will falling energy prices have on the state’s economy?

At the end of 2008, Louisiana found itself with an increase in its employment figures and an improving unemployment rate. But how long can the state remain insulated from the national recession? What effect will falling energy prices have on the state’s economy? Which industries provide the best hope for future job growth? Louisiana Public Square goes on the road to Monroe to look at what’s working and what challenges lay ahead on “Economic Development 2009,” Wednesday, February 25th at 7 pm.

Panelists:

*

Monroe Mayor James E. "Jamie" Mayo
*

Louisiana Economic Development Secretary, Stephen Moret
*

Dave Norris, Jr., Director of the Louisiana Tech Enterprise Center
*

State Senator Francis Thompson (D) representing District 34 in Northeast Louisiana

Backgrounder

When compared to the rest of the nation, Louisiana’s economy seems do be doing relatively well. Since the start of the recession in December 2007, the national economy has lost 3.6 million jobs. About one-half of this decline occurred in the past three months. But at the end of 2008, Louisiana was the only state in the nation to gain nonfarm jobs – 3,700 citizens were employed during November.

Other recent successes:

During 2008, Louisiana had a net gain of 8,500 jobs, a 0.4 percent increase from 2007.
For the same 12 month period the U.S. experienced a 1.4 percent decrease in jobs while the South saw a decrease of 0.4 percent.

All regions of Louisiana have seen job growth over the last year:

* Southeast +1.6%
* Central +1.3%
* Capital +1.2%
* Bayou +1.2 %
* Southwest +1.2%
* Northeast +0.9%
* Acadiana +0.9%
* Northwest +0.8%

...Read Full Backgrounder

Our Panelists:

This program was also funded in part by the Louisiana Forestry Association

We want to know your opinion! Leave your comments in the box below.


I’m tired of us, the people, buying golf courses, lakes and neighborhood developments and calling it economic development. It’s not! Give tax credits to companies that are already here and new companies to get them to come. THAT is economic development, not paying new companies to come here.
We also have too many state employees per capita. Lay some of them off. Yes I know that increases unemployment but I see plenty of “now hiring” signs up everywhere in northwest La. They will get work.
I have to tighten my belt. The state will tighten it’s belt, again, simple!

Posted by TKTPLZ  on  10/27  at  08:05 PM
Page 1 of 1 pages
Commenting is not available in this weblog entry.

Current Topic


04/14 - State Contracts 101

Will proposed legislation help rein in costs or create arbitrary caps that hinder agencies in delivering services?

Coming Soon!


05/14 - Job Market 2014

What does Louisiana’s employment market look like for these job hunters in 2014?

Recent Topics


03/14 - Louisiana and The Minimum Wage

Should Louisiana develop its own minimum wage?


02/14 - Energy’s Environmental Footprint

What cost to the state are energy’s economic dividends?


01/14 - Decoding Common Core

What do Louisiana educators, parents and students think about Common Core?


12/13 - STEM Status: Science, Technology, Engineering & Math in Louisiana (Encore Presentation)

How can Louisiana better equip its citizens for future STEM positions?

»»» View all Topics!
Privacy Policy    |    Public & EEO Reports    |    louisiana.gov    |    LPB Webmail   |    Closed Captions   |    Contact & Address
© 1995 - 2014 LETA. All Rights Reserved.