According to a recent article on the Baton Rouge Business Report's Daily Report, Louisiana is doing better than a majority of the country as it climbs out of the recession. More good news for Louisiana and Baton Rouge!
Louisiana compares well to most other states, economic data shows
A new index of indicators of state economic momentum shows state economies continuing to climb out of the recession in the past year and Louisiana doing better in that regard than most states, The Times-Picayune reports. According to rankings compiled by Federal Funds Information for the States, a joint subscription service of the National Governors Association and the National Conference of State Legislatures, Louisiana ranked 15th on the composite index of economic momentum, 0.26% above the national average. Although Louisiana was slightly below the national average in growth of personal income over the previous year, it ranked 10th in employment growth and 11th in population growth, and was tied with Minnesota for the 13th-lowest unemployment rate.
Article submitted by Scot Guidry with Mike Falgoust & Associates Commercial Real Estate.