Business Barometer

2016

4TH QUARTER 2016

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2016 oil bust overshadows announced projects; Year end increases in the price of crude and rig count fuels optimism for 2017. Read more

3RD QUARTER 2016

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Oil continues to be a drag on the economy and seasonal workers returning to school reduce the labor force. Read more

2ND QUARTER 2016

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Region adds 1,661 jobs since January, begins slow, steady climb out of economic bottom. Read more

1ST QUARTER 2016

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The region’s economic fortunes of late have certainly changed, but this time in a positive way. Read more

2015

4TH QUARTER 2015

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Despite predictions of a national growth rate of 2-2.5% in 2016, energy firms won’t see much improvement in oil prices and additional business closings in the sector most likely will occur similar to the oil bust of the 1980’s... Read more

3RD QUARTER 2015

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Impacts from lower oil prices continue to deepen in the Bayou Region since regional peaks in employment occurred in 2014. Employment in August was 131,687, down 3,265 from July... Read more

2nd Quarter 2015

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The recover from cheap oil prices appears to be established as employment in the region has steadily grown since January, up 3,027 jobs. May’s regional employment stood at 133,707, up 655 jobs from April and up 3,002 from one year ago... Read more

1st Quarter 2015

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The 4th quarter of 2014 was robust for the region therefore; any slowdown in the economy is devastating in comparison. Case in point; according to the Louisiana Workforce Commission, employment in the Region...Read more

2014

4th Quarter 2014

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November Regional Employment was 141,659; up 3,881 from one year ago; yet down 1,151 from October. The Houma-Thibodaux MSA had the lowest unemployment rate in the State in November at 4.5%; up from October’s rate of 4.1%. Louisiana’s unemployment rate in November was 6.3%; the nation’s rate was 5.5%....Read more

3rd Quarter 2014

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Assumption Parish won the site selection decision for Danos & Curole’s new manufacturing facility. The $23 million project will be located in Amelia and employ 100 workers when completed. Houma was chosen by Baywater Drilling for its $10 million headquarter facility These projects ...Read more