Gov. John Bel Edwards highlighted news of Louisiana’s strong personal income growth from the Bureau of Economic Analysis today. This news comes as Louisiana experiences its lowest unemployment in 11 years and highest GDP ever. Personal income grew by 4 percent, faster than the national average — including Texas.
Gov. Edwards said:
“Personal incomes in Louisiana grew by more than $2 billion, or 4 percent, in the first quarter, outpacing the national average, including our neighboring state of Texas. We continue to have the highest personal income on record in Louisiana, which is proof that we truly are headed in the right direction. In fact, Louisiana’s personal income has grown every quarter since the start of 2016.
Coupled with recent big economic wins, the lowest unemployment in 11 years, budget stability and the first major investments in education in a decade, our state is better off than it was years ago. We have much work to do, but these numbers are yet another reason why I’m bullish on Louisiana’s future.”
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