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Started By
Message
New Orleans area lost 99,900 jobs (17% total employment) by April 30, 2020
Posted on 9/17/20 at 10:54 am
Posted on 9/17/20 at 10:54 am
I'm interested in seeing what the job loss data is from April 30, 2020 to Sept 17, 2020 in Metro New Orleans because all I'm seeing is more and more businesses permanently close in Orleans Parish. Thanks JBE and LaToya for your great leadership!
The Advocate
The New Orleans-area economy lost 99,900 jobs, or 17% of its total employment, by the end of April, about one month after the restrictions aimed at slowing the spread of the virus were mandated in Louisiana.
And even after some work has returned, the city is forecast to lose more than 37,000 jobs this year compared to 2019, according to the Louisiana Economic Outlook, an annual report penned by economist and LSU professor emeritus Loren Scott and LSU Center for Energy Studies associate professor Greg Upton. The metro area had 583,400 jobs at the end of 2019, and despite a rebound over the next two years, the number of jobs won't reach 2019 levels until 2023 or later, the report said.
The nearly 100,000 jobs that disappeared during the depths of the pandemic represented a sharper decline than the slow loss of tens of thousands of jobs over several years during the 1980s oil bust and even the 93,000 jobs lost immediately following Katrina.
The Advocate
The New Orleans-area economy lost 99,900 jobs, or 17% of its total employment, by the end of April, about one month after the restrictions aimed at slowing the spread of the virus were mandated in Louisiana.
And even after some work has returned, the city is forecast to lose more than 37,000 jobs this year compared to 2019, according to the Louisiana Economic Outlook, an annual report penned by economist and LSU professor emeritus Loren Scott and LSU Center for Energy Studies associate professor Greg Upton. The metro area had 583,400 jobs at the end of 2019, and despite a rebound over the next two years, the number of jobs won't reach 2019 levels until 2023 or later, the report said.
The nearly 100,000 jobs that disappeared during the depths of the pandemic represented a sharper decline than the slow loss of tens of thousands of jobs over several years during the 1980s oil bust and even the 93,000 jobs lost immediately following Katrina.
Posted on 9/17/20 at 10:55 am to MrLSU
:insertlatoyagodzillagif:
shite!
shite!
This post was edited on 9/17/20 at 10:56 am
Posted on 9/17/20 at 10:57 am to MrLSU
It’s going to be interesting to see what this translates to in the next few years.
Posted on 9/17/20 at 10:57 am to MrLSU
But the good news is that we saved maw maw and paw paw! We gave them another five years on this planet!
Posted on 9/17/20 at 10:58 am to MrLSU
Count mine in the number lost. Fortunately I was able to find another one while many people weren't so lucky
Posted on 9/17/20 at 11:01 am to MrLSU
Dis don't matta yawl! Latoya care about dem kids!
Posted on 9/17/20 at 11:01 am to MrLSU
Someone needs to submit a public records request to City Hall for all of the data that they relied upon to keep the shutdowns in effect.
Posted on 9/17/20 at 11:27 am to MrLSU
quote:
I'm interested in seeing what the job loss data is from April 30, 2020 to Sept 17, 2020 in Metro New Orleans because all I'm seeing is more and more businesses permanently close in Orleans Parish. Thanks JBE and LaToya for your great leadership!
Don’t confuse stats regarding the NO metro area with Orleans Parish. NO metro is made up of 8 parishes. I’d guess Orleans Parish was hit harder than 19% as the restaurant, hotels and other tourist related employers were crushed.
Posted on 9/17/20 at 11:28 am to MrLSU
Yeah, but LaToya keeping us safe!
Posted on 9/17/20 at 11:33 am to MrLSU
What about the 99 gazillion who never worked
Posted on 9/17/20 at 11:35 am to MrLSU
Could've put half of them to work on tearing down the Hard Rock
Posted on 9/17/20 at 11:41 am to MrLSU
LaToya will not be bullied by racist stats.
Posted on 9/17/20 at 11:47 am to MrLSU
Democratic Elites: But at least we got Biden elected because Orange Man Bad.
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