Wednesday, March 18, 2009

Recession Proof Louisiana...

Christian Moises with New Orleans City Business explores the claim that the New Orleans metro area- and LA in general- are recession proof. Apparently our state was the only one to post unemployment DROPS from December to January. Unfortunately the article can only offer speculation as to why:

"One theory could be that companies had to downsize after Katrina and have been working with skeleton crews ever since, so the only options are to either stay flat or add employees.

Another could be that — contrary to popular belief — doing business in New Orleans is a good thing and companies are willing to invest and commit to the region."

I personally don't know enough to even speculate-- anyone want to speculate for me? Or add another source to the table that might clarify?

New Orleans CityBusiness -- The Business Newspaper of Metropolitan New Orleans

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