Business Barometer
2021
3RD QUARTER 2021
Thousands of homes and hundreds of businesses lost. Read more
2ND QUARTER 2021
Local oil and gas leaders’ express concerns – call for long transition to renewables. Read more
1ST QUARTER 2021
Local oil and gas leaders’ express concerns – call for long transition to renewables. Read more
2019
2018
4TH QUARTER 2018
As the price of crude began its steady climb in 2018,
the number of working rigs and employment rose too.Read more
3RD QUARTER 2018
The Houma-Thibodaux MSA’s GDP grew by 2.1% in 2017
beating out the State and 6 other Louisiana MSAs’. Read more
2ND QUARTER 2018
Price of Louisiana crude up 69%, shipbuilding remains
strong, employment mixed. Read more
1ST QUARTER 2018
February's not seasonally adjusted employment data, from the Louisiana Workforce Commission, indicated a surge in employment with 1,712 workers being added since January. Read more
2017
4TH QUARTER 2017
While we may have reached the bottom in employment, at least some signs point toward an improving regional economy. Read more
3RD QUARTER 2017
Although seasonally unadjusted employment throughout the region is 3,339 below last year's numbers, an increase of 434 since January is encouraging. Read more
2ND QUARTER 2017
The first half of 2017 has come and gone, and the region has seen positive improvements. Read more
1ST QUARTER 2017
2017 begins with project announcements and an increase in employment. Read more
2016
4TH QUARTER 2016
2016 oil bust overshadows announced projects; Year end increases in the price of crude and rig count fuels optimism for 2017. Read more
3RD QUARTER 2016
Oil continues to be a drag on the economy and seasonal workers returning to school reduce the labor force. Read more
2ND QUARTER 2016
Region adds 1,661 jobs since January, begins slow, steady climb out of economic bottom. Read more
1ST QUARTER 2016
The region’s economic fortunes of late have certainly changed, but this time in a positive way. Read more
2015
4TH QUARTER 2015
Despite predictions of a national growth rate of 2-2.5% in 2016, energy firms won’t see much improvement in oil prices and additional business closings in the sector most likely will occur similar to the oil bust of the 1980’s... Read more
3RD QUARTER 2015
Impacts from lower oil prices continue to deepen in the Bayou Region since regional peaks in employment occurred in 2014. Employment in August was 131,687, down 3,265 from July... Read more
2ND QUARTER 2015
The recover from cheap oil prices appears to be established as employment in the region has steadily grown since January, up 3,027 jobs. May’s regional employment stood at 133,707, up 655 jobs from April and up 3,002 from one year ago... Read more
1ST QUARTER 2015
The 4th quarter of 2014 was robust for the region therefore; any slowdown in the economy is devastating in comparison. Case in point; according to the Louisiana Workforce Commission, employment in the Region...Read more
2014
4TH QUARTER 2014
November Regional Employment was 141,659; up 3,881 from one year ago; yet down 1,151 from October. The Houma-Thibodaux MSA had the lowest unemployment rate in the State in November at 4.5%; up from October’s rate of 4.1%. Louisiana’s unemployment rate in November was 6.3%; the nation’s rate was 5.5%....Read more
3rd Quarter 2014
Assumption Parish won the site selection decision for Danos & Curole’s new manufacturing facility. The $23 million project will be located in Amelia and employ 100 workers when completed. Houma was chosen by Baywater Drilling for its $10 million headquarter facility These projects ...Read more