Scott sees La. reaching record employment in 2015
Scott sees La. reaching record employment in 2015

Louisiana’s potential $100 billion industrial construction boom should fuel explosive growth in the state and lead to record employment in 2015, according to economist Loren Scott, who is delivering his annual Louisiana Economic Outlook forecast this afternoon at the Louisiana Business Symposium Top 100 Luncheon. “If our forecasts are near the mark, sometime in 2015 Louisiana will have more than 2,000,000 non-farm employees for the first time in its history,” Scott writes in the annual economic outlook co-authored by economist James Richardson. Among the high points of the outlook: Metropolitan areas along and south of Interstate 10 will see strong growth, while those north of I-10 are likely to experience only modest employment gains. A total of 19,600 new jobs are projected for the Capital Region over the next two years, while nearly 77,000 new jobs are projected statewide during the same period. The Lake Charles metro area is expected to see the fastest job growth in the state over the next two years by far, with a 12.1% increase. It’s important to note the forecast is based on only a slight dip in oil prices, and an increase in the price of natural gas. Earlier this week, oil plummeted to a three-year low. Access the complete economic outlook for 2015 and 2016. Read more about Scott’s address at the Top 100 Luncheon in Daily Report PM today. As reported in Daily Report AMthe winners of the inaugural Best Places to Work awards—presented by Business Report, the Greater Baton Rouge Society for Human Resource Management and the Louisiana Workforce Commission—were revealed and honored at an awards breakfast this morning to kick off the annual Louisiana Business Symposium. —Stephanie Riegel

 Article courtesy of Greater Baton Rouge Business Report

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