Governor John Bel Edwards issued a statement on Louisiana’s personal income growth, which was 4.5 percent for the fourth quarter of 2018 and 3.8 percent for the year, according to data released by the Bureau of Economic Analysis. The statement reads in part:
“As a strong sign of growth in our state, Louisiana personal incomes have hit a record high of $215 billion, a growth of 3.8 percent in 2018. We have more people working in Louisiana, we’ve seen 12 straight months of job growth and have our highest GDP on record. We’ve balanced our state budget, and we’re bringing in economic wins across the state. For two consecutive quarters in 2018, we had some of the highest growth in the nation despite the damaging effects of tariffs on our farmers and the still rebounding energy sector, which are both critical to our economy.”
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