A new report from Pew Charitable Trusts indicates that Louisiana’s personal income growth has slightly underperformed national growth since the recession. Across the country, personal income has grown at a rate of 1.6 percent per year from the fourth quarter of 2007 through the second quarter of this year, which is a lower rate than the historical pace. Louisiana’s incomes grew at even slower than the national pace, at 1 percent over the same period. The report attributes the sluggish pace to the decline in the energy, farm and manufacturing sectors.
Read more from the Baton Rouge Business Report here.