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PetrochemicalsOTHER SUPPLIERS
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Louisiana was among several states in the nation to add thousands of jobs in the years following the recession as the energy boom took hold, but as oil prices plummeted, so did the state's industrial employment. According to MNI data, the state shed more than 8,500 jobs since May of 2014. Jobs in the oil/gas extraction industry were largely responsible for the decline, plunging 11% over that three-year time period.
MNI's 2015-2016 survey, however, shows jobs in the oil/gas extraction declined just 1.2%, suggesting the industry may have finally hit bottom. Losses over the past year were instead spread across a wide variety of industries, which points to other factors beyond oil that are playing a role in the state's manufacturing slump.
Losses were recorded in fabricated metals; rub...(Full Article)
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