Janet F. Speyrer, Ph.D. Associate Dean for Research College of Business Administration The University of New Orleans June 22, 2012.

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Presentation transcript:

Janet F. Speyrer, Ph.D. Associate Dean for Research College of Business Administration The University of New Orleans June 22, 2012

Percent Change in Real U.S. GDP Source: GSU Economic Forecasting Center

Unemployment Rates by State May 2012 ND SD NE KS TX OK MN WI AR IL IA LA MS MO WA OR ID WY MT CA NV UT AZ CO HI AK NM ME NY SC AL FL GA IN KY NC OH PA TN VA WV MI VT NH MA RI CT NJ DE MD DC

Initial Unemployment Claims New Orleans Metro vs. US (Monthly) Indexed to 1999 normal levels Source: US Bureau of Labor Statistics, Louisiana Workforce Commission

Per Capita Personal Income New Orleans Metro vs. US *Revised to show 2010 Census population figures Source: Bureau of Economic Analysis, DBER

N. O. Area Average Weekly Wage Includes 8 parish area: New Orleans Metro plus St. James parish Source: Louisiana Workforce Commission

Bankruptcies per Capita Eastern District of LA vs. US (Quarterly) Source: Eastern District Court of Louisiana, American Bankruptcy Institute *For the 2011 & 2012 per capita figures, the 2010 population estimates were used

Foreclosures per Household New Orleans Metro vs. US

New Orleans Metro Job Overview The New Orleans metro area had 609,600 jobs in 2005 before Katrina. At the low point after the storm, the area had just 425,800 jobs (70% of pre-Katrina). By May 2012, employment in New Orleans had grown to 528,100 jobs (86.6% ). By the fourth quarter of 2013, 531,000 jobs are forecast (87.1%).

N. O. Metro Total Employment Per Month Source: US Bureau of Labor Statistics, DBER

New Orleans Jobs by Industry (% pre-Katrina) Source: US Bureau of Labor Statistics

N. O. Metro Construction Activity Per Month Source: McGraw Hill Construction, Dodge

New Orleans Metro Total Population Sources: US Census, GCR & Assoc., System Solutions Consulting

Parish Population Sources: US Census, DBER estimates, Greater New Orleans Community Data Center

New Orleans Metro Taxable Sales

Total Tonnage Moving Through the Port of New Orleans Source: Port of New Orleans

Crude Oil and Natural Gas Prices Source: Georgia State University

Tourism Indicators Compared to Seasonal Pre-Katrina Levels