LSU Economist Loren Scott released his annual Louisiana Economic Outlook last week, outlining his projections for how state and local economies will grow as they recover from COVID-19 and a series of devastating storms.
In general, Louisiana’s COVID-19 recovery has been slower than neighboring states like Texas, Arkansas and Mississippi. The recovery will also be uneven with some areas, like New Orleans and Lake Charles, likely seeing a longer road to recovery.
Here’s a breakdown of Scott’s forecast for different parts of the state:
Louisiana lost around 286,000 jobs due to COVID-19 in April 2020, and it had regained around 49% of those jobs as of June 2021. Areas like retail and healthcare have seen jobs bounce back fairly quickly, regaining 80% and 87%, respectively.
But some industries have continued to bleed jobs in Louisiana. The state lost 4,800 mining jobs, including oil and gas extraction, in April 2020 before losing…