“If you had to guess what metropolitan area that would be concentrated in, most people would say baton Rouge, because that’s where state government is headquartered, and two state universities are located. But government employment in the Baton Rouge area rose 300,” he said.
New Orleans, “the next place you’d look,” lost 1,700 government jobs. “That leaves an awful lot left over — and it’s not clear where those losses were,” Scott said.More government losses are likely on the way, as Gov. Bobby Jindal announced today a proposal to eliminate 4,000 state jobs — half of which are currently filled — and Baton Rouge could be hard hit this time.
“Both Lafayette and Houma not only had job growth, they had good job growth. Houma had off-the-charts good job growth — they increased 4.2 percent. This is very different from what we anticipated,” Scott said Thursday.
He wasn’t sure where the jobs were coming from. One possibility is that oil and gas companies already are hiring people to plug nearly 3,500 nonproducing wells and dismantle about 650 production platforms that are no longer used.
“My back-of-the-envelope estimate is that’s going to cost about $3.8 billion. That’s a lot of money,” he said. But he didn’t know whether that was happening.
Read the AP story here.
Back in October, Scott did not think the Obama administration’s new requirement that all Gulf of Mexico oil wells and platforms not in use in the past five years be inspected, re-capped and dismantled would have much of a net impact here. There are some 3,500 abandoned wells and 650 oil platforms affected by the measure.
“It will create jobs in some sectors, but remember it is a direct hit to the bottom line of exploration companies — dollars they could be using more efficiently for exploration purposes,” Scott said at the time. “While good news for some service companies, it is totally bad news for the exploration side. It is a demand also based on bad science. They want to reduce risk of environmental damage ‘especially during storm season.’ Katrina and Rita came right through the heart of the offshore industry — not a single major spill.” Scott called the mandage “just another attack by the Obama administration on the fossil fuels industry.”
Scott, who in October predicted the Lafayette metro would lose 3,800 jobs in the next two years, in large part due to the drilling moratorium, had reversed his job loss prediction by late February. Scott now expects a gain of 2,500 jobs over the same period, or an uptick of just under 1 percent each year. He delivered that message last month at an awards breakfast for top performers at Van Eaton & Romero Real Estate.
The state labor department figures released Friday show the initial claims decreased to 2,312 from the previous week's total of 2,543. For the comparable week a year earlier, there were 2,627.
The hip little River Ranch shop will open in the Acadiana Center for the Arts in time for the September ArtWalk.
Lafayette’s first-ever Whole Foods Market will open its doors in September.
"Although the administration is moving forward with climate change regulations at home, we don't consider how policy decisions in the United States impact greenhouse gas emissions in other parts of the world," says Roger Martella, the former general counsel at the Environmental Protection Agency under President George W. Bush.
Louisiana agriculture officials say prices for long-grain rice are projected to drop this year.
First-time claims for unemployment insurance in Louisiana for the week ending July 19 decreased from the previous week's total.
A judge is getting ready to set a new trial date for a former BP executive charged with obstructing a congressional investigation into the 2010 Gulf of Mexico oil spill.
Midsouth Bank has released its second quarter earnings report, showing a year-over-year increase for shareholders.
The parent of Investar Bank says its second-quarter earnings fell to $1.1 million or 26 cents a share from $1.7 million of 44 cents a share in the same period a year ago.
1,554 rigs were exploring for oil and 315 for gas. Two were listed as miscellaneous. A year ago there were 1,770 active rigs.
Most personal auto insurance policies exclude coverage when people charge money to drive others in their personal vehicles.
Louisiana's 21 casinos took in $203.5 million statewide in June, edging up one-half of a percentage point from a year earlier.
Business First Bank has announced plans for a Baton Rouge market expansion through a merger deal with American Gateway Financial Corp.
Mellow Mushroom Pizza Bakers opens on Johnston.
Acadiana's Top 50 Private Companies
It would be an understatement to say Schumacher Group had a challenging year in 2013.
Hampton Toyota has been serving Acadiana as the premier Toyota dealership for more than 10 years. And now, the glossy Johnston Street dealership is looking forward to a makeover.
Even when Floyd Degueyter is on “vacation” he’s hard at work.
As the second largest metal heat treating company in the country, Analytic Stress Relieving Inc. has grown by leaps and bounds since its inception in 1979.
When the Prohibition era came to an end in 1933, Joseph R. Streva saw an opportunity to make a little extra money to supplement his day job.
When a hurricane hits, Brent Mouton doesn’t run. The convenience store chain owner is proof that the challenges of mother nature can almost break a business, but Mouton learned to grow out of temporary closure from near devastation in 2002 and of lost potential revenue.
By launching a Super PAC to end all Super PACs, our Top 50 keynote speaker hopes to change the game in Washington.
Oil Center-based private facility extends its offerings with special events venue in failed women’s store.
One year later, is his expansion plan paying off?
Newspaper industry insiders question John Georges’ expansion plan.