The Louisiana Economic Outlook estimates by 2022 Louisiana will have recovered only 90% of the 105,000 jobs lost during the coronavirus pandemic. According to the report, it’s the worst downturn the state has experienced since the early 1980s.
LSU Economist Dr. Loren Scott says the recovery will be more of a Nike Swoosh than a V.
“When you look on the side of one of those Nike tennis shoes, you see that thing that goes down and heads out to the side, instead of going right straight up,” said Scott.
The forecast calls for the state to recover 72,000 jobs in 2021 and another 21,000 in 2022. This will leave the state about 11,300 jobs short of recovering all the jobs lost from COVID-19.