CENLA ECONOMIC DASHBOARD
September 10, 2020.
Dr.RandallDupont Dean,CollegeofBusinessLouisianaStateUniversityofAlexandria
rdupont@lsua.edu
KEYFINDINGS
September 10, 2020 CENLA Economic Dashboard
COVID-19
• COVID-19 cases in Region 6 have been declining and positivity rates are below 10% in all but one Cenla parish.
EMPLOYMENT
• Statewide initial weekly unemployment claims filed in August were at the lowest level since the start of the pandemic and continued claims fell 24% inAugust.
• InAugust initial weekly unemployment claims in central Louisiana fell 57% from July while continued claims fell 11%.
• For the fourth straight month, Alexandria had the lowest unemployment rate among the state’s major metro areas at 7.4%, well below the state’s 9.9% rate.
• At 5.9%, La Salle Parish had the lowest unemployment rate in the state for the fourth straight month, while the unemployment rate for central Louisiana stood at 8.6%.
• Alexandria’s metro area had the tightest labor market in the state in July with only 1.03 unemployed persons per job opening compared to 2.5 statewide and 3.5 nationally.
• Job openings in theAlexandria metro area increased 50% since reaching a low of 3,187 openings in May. ByAugust, job openings were at the highest level in the past year with 4,783 listings.
TAX REVENUE
• All nine jurisdictions in central Louisiana reported lower tax revenues inAugust, reflecting lower consumer spending in July compared to June. Decreases ranged from -21% in St. Landry to -3% in Evangeline. However, July 2020 sales activity outperformed July 2019 activity in all reporting jurisdictions with Evangeline’s 16.5% year-over-year increase registering the highest to date.
• Year-to-date all nine central Louisiana jurisdictions reported increases over the previous period except forAlexandria and Concordia, which were 1.0% or less behind.
• Vehicle sales continue to outperform on a monthly, yearover-year, and year-to-date basis in all four jurisdictions reporting except forAlexandria which had a 10% decline in July sales following a 52% monthly increase in June.
• Hotel occupancy continues weak across all three timeframes, except for the 12% gain in Avoyelles in July over June.
KEYFINDINGS… continued
September 10, 2020 CENLA Economic Dashboard
BUILDING PERMITS
• The valuation of all permits in central Louisiana fell 27% in August 2020 compared toAugust 2019. However, permit valuations in Pineville increased 53% in the same period.
• Total Rapides Parish permit valuations decreased 41% in August over July and are 41% year-to-date below to the same period last year. Although residential construction permits are up 6% in Rapides in August, residential construction remains 21% below last year’s level.
HOUSING
• Anumber indicators point to a strong housing marketing in theAlexandria metro area. Since January, active listing are down 37%, pending listing up 71%, median days on the market down 42%, and the median listing price up 22%.
• In July, Louisiana had the second highest mortgage delinquency rate in the US at 11.8%. Past hurricanes have added 5.5% points to the pre-storm rate in affected areas.
TRAVEL
• Total passenger traffic at Alexandria International airport (AEX) averaged 59% of traffic last August compared to only 29% nationwide.
• AEX passenger traffic inAugust was 5,815, up 335% from its low of 1,334 inApril. AEX passenger traffic has increased every month since April.
LOCAL& LOUISIANA
• Using data from financial transactions, Opportunity Insights reports consumer spending in Rapides was up 15% in August compared to January 2020. However, small business revenue was down 35% and 39% of small businesses reported transactions, indicating the business may have closed.
• Through the end ofAugust, 58,160 business applications have been filed in Louisiana, compared to 39,300 for the same period in 2019, representing a 48% increased. 16,540 of the applications filed in 2020 have a high-propensity for turning into a business with a payroll, including 7,890 which are already planning to pay wages.
• The Baker Hughes Rig Count shows a 27% increase in exploration rigs in Louisiana since August 4, the first monthly increase this year.
• Nationally, residential construction was up 23% in July over June, while residential sales and durable good were up 14% and 11% respectively over the same period.
COVID-19
COVID-19PARISHTESTINGSTATISTICS
COVID-19 parish testing statistics as of September 3, 2020.
Source: Louisiana Office of Public Health, Region 6 (Central Louisiana), Regional Administrator/Medical Director, David J. Holcombe, MD, MSA, September 8, 2020.
:
COVID-19PERCENTPOSITIVEANDTESTVOLUME
COVID-19 percent positive and test volume in Region 6 as of September 4, 2020. Source:
:
Louisiana Office of Public Health, Region 6 (Central Louisiana), Regional Administrator/Medical Director, David J. Holcombe, MD, MSA, September 8, 2020.
COVID-19CASESBYCOLLECTIONDATE
COVID-19 cases by collection date as of September 4, 2020 in Region 6 with a 7day moving average.
Source: Louisiana Office of Public Health, Region 6 (Central Louisiana), Regional Administrator/Medical Director, David J. Holcombe, MD, MSA, September 8, 2020.
:
COVID-19REGION6CASESBYAGEGROUP
Cases over time by age group in Region 6.
:
Source: Louisiana Office of Public Health, Region 6 (Central Louisiana), Regional Administrator/Medical Director, David J. Holcombe, MD, MSA, September 8, 2020.
COVID-19HOSPITALIZED&VENTILATED
Number of cases hospitalized and ventilated in Region 6 as of August 22, 2020. Source: Louisiana Office of Public Health, Region 6 (Central Louisiana), Regional Administrator/Medical Director, David J. Holcombe, MD, MSA, September 8, 2020.
:
COVID-19AVAILABLEBEDSBYLDHREGION
Available beds by Louisiana Department of Health region as of September 4, 2020. Source: Louisiana Office of Public Health, Region 6 (Central Louisiana), Regional Administrator/Medical Director, David J. Holcombe, MD, MSA, September 8, 2020. :
COVID-19DEATHSBYDATEOFDEATH
COVID-19 deaths by date of death statewide as of September 4, 2020.
6
:
Source: Louisiana Office of Public Health, Region
(Central Louisiana), Regional Administrator/Medical Director, David J. Holcombe, MD, MSA, September 8, 2020.
COVID-19DEATHSBYAGEGROUP
Covid-19 deaths by age group as of September 2, 2020.
Source: Louisiana Office of Public Health, Region 6 (Central Louisiana), Regional Administrator/Medical Director, David J. Holcombe, MD, MSA, September 8, 2020.
:
EMPLOYMENT
UNEMPLOYMENTCLAIMSINLOUISIANA
Initial and continued unemployment claims in Louisiana since March 14, 2020.
Initial weekly unemployment claims filed in August were at the lowest level since the start of the pandemic, averaging 13,560 a week.
Continued weekly unemployment claims statewide fell 24% duringAugust.
Source: Louisiana Workforce Commission, September 7, 2020
Unemployment Claims in Louisiana
0 20,000 40,000 60,000 80,000 100,000 120,000 0 50,000 100,000 150,000 200,000 250,000 300,000 350,000 Initial Claims Continued Claims
Continued Initial
UNEMPLOYMENTCLAIMSINCENLA
Initial and continued unemployment claims in Louisiana since March 14, 2020.
August initial weekly unemployment claims in central Louisiana fell 57% from July levels.
August continued weekly unemployment claims in central Louisiana fell 11% from July.
Source: Louisiana Workforce Commission, September 7, 2020
0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 0 5,000 10,000 15,000 20,000 25,000 Initial Claims Continued Claims
Continued Initial
Unemployment Claims in CENLA
UNEMPLOYMENTRATEDATAAMONGLAMETROS
The table below shows July 2020 preliminary unemployment rate, labor force, and employment data for Metropolitan Statistical Areas in Louisiana.
At 7.4%, the Alexandria MSA had the lowest unemployment rate among the state’s major metro areas for the fourth straight month, well below the state’s 9.9% rate.
Data Source: Louisiana Workforce Commission, September 7, 2020
Area Unemployment Rate Labor Force Employed Unemployed Louisiana 9.9% 2,037,928 1,835,464 202,464 Alexandria 7.4% 61,690 57,145 4,545 Baton Rouge 9.1% 407,081 370,183 36,898 Hammond 12.1% 54,145 47,592 6,553 Houma-Thibodaux 8.5% 86,424 79,091 7,333 Lafayette 9.1% 211,310 192,101 19,209 Lake Charles 9.8% 102,536 92,466 10,070 Monroe 8.3% 80,962 74,223 6,739 New Orleans-Metairie 11.9% 574,171 505,613 68,558 Shreveport-Bossier City 9.4% 183,710 166,378 17,332
UNEMPLOYMENTRATECHARTAMONGLAMETROS
The chart below shows January through July 2020 unemployment rate among Metropolitan Statistical Areas in Louisiana.
Unemployment Rate Among Louisiana Metro Areas in 2020
In January and February, Alexandria (black line) had the 2nd and 3rd highest employment rates in the state. Since April,Alexandria has had the lowest unemployment rate among Louisiana’s metro areas.
Data Source: Louisiana Workforce Commission, September 7, 2020
3.0% 5.0% 7.0% 9.0% 11.0% 13.0% 15.0% 17.0% 19.0% Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20
Alexandria Baton Rouge Hammond Houma-Thibodaux Lafayette Lake Charles Monroe New Orleans-Metairie Shreveport-Bossier City
UNEMPLOYMENTRATEBYCENLAPARISH
The table below shows July 2020 preliminary unemployment rate, labor force, and employment data for central Louisiana parishes.
In July, parishes in central Louisiana had an average unemployment rate of 8.6% compared to 9.9% statewide.
La Salle had the lowest unemployment rate in the state for the fourth straight month.
Data Source: Louisiana Workforce Commission, September 7, 2020
Area Labor Force Employed Unemployed Unemployment Rate July 2020 Unemployment Rate June 2020 Allen 8,586 7,701 885 10.3% 10.9% Avoyelles 14,665 13,353 1,312 8.9% 9.3% Catahoula 3,309 3,022 287 8.7% 8.7% Concordia 6,814 6,127 687 10.1% 9.8% Evangeline 11,406 10,271 1,135 10.0% 9.9% Grant 7,919 7,337 582 7.3% 7.8% La Salle 6,510 6,127 383 5.9% 5.9% Rapides 53,771 49,808 3,963 7.4% 7.5% St. Landry 31,333 28,090 3,243 10.4% 10.4%
UNEMPLOYEDPERJOBOPENING
The table below shows the number of unemployed, number of advertised jobs online, and the ratio of unemployed to advertised job openings online in Alexandria MSA in July 2020. Source: Louisiana Workforce Commission, September 7, 2020
Alexandria metro area has the tightest labor market in the state with only 1.03 unemployed persons per job opening compared to 2.5 statewide and 3.5 nationally.
Rank Metro Area Unemployed Job Openings Unemployed per Job Opening 1 Alexandria 4,545 4,421 1.03 2 Shreveport-Bossier City 16,077 8,760 1.84 3 Lake Charles 10,070 5,154 1.95 4 Monroe 6,739 3,334 2.02 5 Lafayette 11,953 5,679 2.10 6 Baton Rouge 36,898 15,756 2.34 7 New Orleans 67,564 25,541 2.65 8 Houma-Thibodaux 7,333 2,344 3.13 9 Louisiana 202,464 81,592 2.48
JOBOPENINGSINCENLA
(L) The number of job openings advertised online in Cenla in August 2020 and (R) job openings in Alexandria MSA since August 2019.
Job openings in theAlexandria MSAincreased 50% since reaching a low in May and is at the highest level in the past year at 4,783.
Data Source: Louisiana Workforce Commission, September 6,
Job Openings Allen 207 Avoyelles 351 Catahoula 18 Concordia 154 Evangeline 190 Grant 88 La Salle 142 Rapides 4695 St. Landry 811
3,187 4,783 0 1,000 2,000 3,000 4,000 5,000 6,000
2020
Job Openings in Alexandria MSA
TAXREVENUE
TAXREVENUEOVERVIEW
An overview of sales, vehicle sales, and hotel occupancy taxes collected in the August 2020.
Note: August tax revenue reflects sales activity in July.
Data Source noted detailed reports.
Sales Tax Month YoY YTD Vehicle Sales Tax Month YoY YTD Alexandria -7.6% 7.4% -0.4% Avoyelles 8.2% 38.7% 6.1% Avoyelles -6.9% 9.8% 0.4% Evangeline 2.1% 19.4% 2.4% Catahoula -10.2% 14.9% 2.9% Rapides -10.7% 31.6% 13.1% Concordia -6.1% 16.1% -1.0% St. Landry 0.1% 1.4% 0.1% Evangeline -3.2% 16.5% 2.3% La Salle -4.4% 4.6% 16.3% Hotel Occupancy Tax Pineville -13.8% 11.3% 16.3% Avoyelles 11.9 -5.9 -22.5 Rapides -11.3% 10.6% 4.3% Rapides -16.7% -42.1% -27.1% St. Landry -20.8% 8.8% 9.3% August
ALEXANDRIASALESTAX
(TR) Alexandria sales tax revenue for August with previous month, year, and YTD comparisons.
(BR) Alexandria monthly sales tax revenue from 2017 to present.
Note: August sales tax revenue reflects sales activity in July.
Data Source: Rapides Parish Police Jury Treasurer’s Reports. August -7.6% August YoY 7.4% August YTD -0.4% 2017 2018 2019 2020 August $ 3,008,910 $ 3,102,358 $ 3,142,520 $ 3,376,015 July $ 3,547,213 $ 3,413,163 $ 3,200,300 $ 3,655,288 % Chg over Prev Month -15.2% -9.1% -1.8% -7.6% % Chg over Prev Year 3.1% 1.3% 7.4% YTD (Jan - Aug) $25,863,608 $26,417,395 $26,311,723 $26,204,870 % Chg over Prev YTD 2.1% -0.4% -0.4% August
$2.0 $2.5 $3.0 $3.5 $4.0 $4.5 Millions Alexandria Sales Tax Revenue 2017 - 2020
AVOYELLESSALESTAX
Avoyelles Parish total sales tax revenue for August with previous month, year, and year-to-date comparisons. Vehicle and hotel tax revenues are excluded.
Note: August sales tax revenue reflects sales activity in July.
Data Source: Avoyelles Parish School Board.
August -6.9% August YoY 9.8% August YTD 0.4% August
2016 2017 2018 2019 2020 August $ 1,269,972 $ 1,332,553 $ 1,315,372 $ 1,359,051 $ 1,492,541 July $ 1,414,786 $ 1,479,817 $ 1,528,239 $ 1,428,461 $ 1,604,074 % Chg over Prev Month -10.24% -9.95% -13.93% -4.86% -6.95% % Chg over Prev Year 4.93% -1.29% 3.32% 9.82% YTD (Jan - Aug) $10,574,660 $11,333,156 $11,231,775 $11,589,849 $11,638,486 % Chg over Prev YTD 7.17% -0.89% 3.19% 0.42%
AVOYELLESVEHICLESALESTAX
Avoyelles Parish vehicle sales tax revenue for August with previous month, year, and year-to-date comparisons.
Note: August sales tax revenue reflects sales activity in July.
Data Source: Avoyelles Parish School Board.
August 8.2% August YoY 38.7% August YTD 6.1% August
2016 2017 2018 2019 2020 August $ 288,558 $ 232,586 $ 258,817 $ 292,917 $ 406,296 July $ 313,380 $ 292,871 $ 267,010 $ 262,096 $ 375,528 % Chg over Prev Month -7.92% -20.58% -3.07% 11.76% 8.19% % Chg over Prev Year -19.40% 11.28% 13.18% 38.71% YTD (Jan - Jul) $2,208,394 $2,253,354 $2,146,046 $2,222,584 $2,357,072 % Chg over Prev YTD 2.04% -4.76% 3.57% 6.05%
CATAHOULASALESTAX
Catahoula Parish total sales tax revenue for August with previous month, year, and year-to-date comparisons.
Note: August sales tax revenue reflects sales activity in July.
Data Source: Catahoula Parish Tax Administrator
August -10.2% August YoY 14.9% August YTD 2.9% August
2017 2018 2019 2020 August $ 420,714 $ 479,038 $ 449,434 $ 516,541 July $ 505,827 $ 520,954 $ 470,891 $ 575,103 % Chg over Prev Month -16.8% -8.0% -4.6% -10.2% % Chg over Prev Year 13.9% -6.2% 14.9% YTD (Jan - Aug) $ 3,764,457 $ 3,912,870 $ 3,778,490 $ 3,886,933 % Chg over Prev YTD 3.9% -3.4% 2.9%
CONCORDIASALESTAX
Concordia Parish total sales tax revenue for August with previous month, year, and year-to-date comparisons.
Note: August sales tax revenue reflects sales activity in July.
Data Source: Concordia Parish Tax Administrator
August -6.1% August YoY 16.1% August YTD -1.0% August
2017 2018 2019 2020 August $ 924,166 $ 1,029,914 $ 1,037,847 $ 1,204,454 July $ 994,208 $ 1,080,013 $ 1,100,733 $ 1,282,109 % Chg over Prev Month -7.0% -4.6% -5.7% -6.1% % Chg over Prev Year 11.4% 0.8% 16.1% YTD (Jan - Aug) $ 7,926,685 $ 8,009,787 $ 8,759,249 $ 8,674,945 % Chg over Prev YTD 1.0% 9.4% -1.0%
EVANGELINESALESTAX
Evangeline Parish total sales tax revenue for August with previous month, year and YTD comparisons.
Note: August sales tax revenue reflects sales activity in July.
Data Source: Evangeline Parish Sales Tax Commissioner.
2016 2017 2018 2019 2020 August $ 1,620,507 $ 1,445,804 $ 1,505,085 $ 1,495,056 $ 1,742,197 July $ 1,382,393 $ 1,610,268 $ 1,695,844 $ 1,635,230 $ 1,800,168 % Chg over Prev Month -10.2% -11.2% -8.6% -3.2% % Chg over Prev Year -10.8% 4.1% -0.7% 16.5% YTD (Jan - Aug) $ 10,505,499 $ 10,921,266 $ 10,613,917 $ 10,995,419 $ 11,248,449 % Chg over Prev YTD 4.0% -2.8% 3.6% 2.3% August -3.2% August YoY 16.5% August YTD 2.3% August
EVANGELINEVEHICLESALESTAX
Evangeline Parish vehicle sales tax revenue for August with previous month, year and YTD comparisons.
Note: August sales tax revenue reflects sales activity in July.
Data Source: Evangeline Parish Sales Tax Commissioner.
2016 2017 2018 2019 2020 August $ 269,311 $ 245,581 $ 284,117 $ 350,521 $ 418,622 July $ 294,326 $ 316,792 $ 325,194 $ 285,501 $ 410,144 % Chg over Prev Month -22.5% -12.6% 22.8% 2.1% % Chg over Prev Year -8.8% 15.7% 23.4% 19.4% YTD (Jan - Jul) $ 1,949,191 $ 2,092,668 $ 1,985,426 $ 2,197,383 $ 2,249,722 % Chg over Prev YTD 7.4% -5.1% 10.7% 2.4% August 2.1% August YoY 19.4% August YTD 2.4% August
LASALLESALESTAX
La Salle Parish total sales tax revenue for August with previous month, year, and year-to-date comparisons.
Note: August sales tax revenue reflects sales activity in July.
Data Source: La Salle Parish Tax Administrator
August -4.4% August YoY 4.6% August YTD -2.8% August
2017 2018 2019 2020 August $ 662,600 $ 787,528 $ 821,823 $ 859,808 July $ 722,650 $ 896,159 $ 810,314 $ 899,235 % Chg over Prev Month -8.3% -12.1% 1.4% -4.4% % Chg over Prev Year 18.9% 4.4% 4.6% YTD (Jan - Aug) $ 5,635,233 $ 5,994,112 $ 7,193,587 $ 6,993,563 % Chg over Prev YTD 6.4% 20.0% -2.8%
PINEVILLESALESTAX
(TR) Pineville sales tax revenue for August with previous month, year, and YTD comparisons.
(BR) Pineville monthly sales tax revenue from 2017 to present. Data
Note: August sales tax revenue reflects sales activity in July.
Rapides
August -13.8% August YoY 11.3% August YTD 16.3% 2017 2018 2019 2020 August $ 833,210 $ 801,008 $ 893,170 $ 994,293 July $ 913,080 $ 932,318 $ 861,470 $ 1,153,483 % Chg over Prev Month -8.7% -14.1% 3.7% -13.8% % Chg over Prev Year -3.9% 11.5% 11.3% YTD (Jan - Aug) $ 7,183,870 $ 7,181,130 $ 7,062,450 $ 8,214,174 % Chg over Prev YTD 0.0% -1.7% 16.3% August
Source:
Parish Police Jury Treasurer’s Reports.
$0.6 $0.7 $0.8 $0.9 $1.0 $1.1 $1.2 $1.3 Millions Pineville Sales Tax Revenue 2017 - 2020
RAPIDESOCCUPATIONALLICENSES
Rapides Parish occupational license revenue for August YTD with previous YTD comparisons.
Note: August occupational license revenue reflects licenses issued in July.
Data Source: Rapides Parish Police Jury Treasurer’s Reports.
Rapides -6.9% Alexandria -0.5% Pineville 10.1% August Year-to-Date Other -13.5% Total -1.2% 2017 2018 2019 2020 Parish $ 620,989 $ 594,567 $ 631,272 $ 587,511 % Change YTD -4.3% 6.2% -6.9% Alexandria $ 1,884,679 $1,848,415 $1,844,610 $1,835,114 % Change YTD -1.9% -0.2% -0.5% Pineville $ 389,628 $ 375,571 $ 386,628 $ 425,574 % Change YTD -3.6% 2.9% 10.1% Other $ 127,808 $ 133,120 $ 160,594 $ 138,942 % Change YTD 4.2% 20.6% -13.5% Total $ 3,023,104 $2,951,673 $3,023,104 $2,987,141 % Change YTD -2.4% 2.4% -1.2%
RAPIDESSALESTAX
(TR) Rapides Parish total sales tax revenue for August with previous month, year, and YTD comparisons.
(BR) Rapides Parish total monthly sales tax revenue from 2017 to present.
Note: August sales tax revenue reflects sales activity in July.
Data Source: Rapides Parish Police Jury Treasurer’s Reports.
August -11.3% August YoY 10.6% August YTD 4.3% August
2017 2018 2019 2020 August $ 10,444,917 $10,797,854 $11,001,838 $12,164,470 July $ 12,122,514 $11,862,091 $11,420,981 $13,709,468 % Chg over Prev Month -13.8% -9.0% -3.7% -11.3% % Chg over Prev Year 3.4% 1.9% 10.6% YTD (Jan - Aug) $ 88,453,646 $90,168,241 $91,097,197 $95,024,594 % Chg over Prev YTD 1.9% 1.0% 4.3% $5 $7 $9 $11 $13 $15 Jan-17 Apr-17 Jul-17 Oct-17 Jan-18 Apr-18 Jul-18 Oct-18 Jan-19 Apr-19 Jul-19 Oct-19 Jan-20 Apr-20 Jul-20 Millions Rapides Parish Total Sales Tax Collections 2017 - 2020
RAPIDESVEHICLESALESTAX
Rapides Parish vehicle sales tax revenue for August with previous month, year, and YTD comparisons.
Note: August sales tax revenue reflects sales activity in July.
Data Source: Tax revenue data from Rapides Parish Police Jury Treasurer’s Reports.
August -10.7% August YoY 31.6% August YTD 13.1% August
2017 2018 2019 2020 August $ 1,071,105 $1,058,927 $1,165,550 $1,533,699 July $ 1,235,722 $1,023,842 $1,156,192 $1,716,535 % Chg over Prev Month -13.3% 3.4% 0.8% -10.7% % Chg over Prev Year -1.1% 10.1% 31.6% YTD (Jan - Aug) $ 8,707,822 $8,465,760 $8,787,275 $9,942,362 % Chg over Prev YTD -2.8% 3.8% 13.1%
ST.LANDRYSALESTAX
St. Landry Parish sales tax revenue for August with previous month, year, and YTD comparisons.
Note: August sales tax revenue reflects sales activity in July.
Data Source: Tax revenue data from St. Landry Parish School Board.
August -20.8% August YoY 8.8% August YTD 9.3% August
2017 2018 2019 2020 August $ 5,007,393 $ 5,608,199 $ 5,736,290 $ 6,239,039 July $ 6,003,932 $ 6,396,248 $ 5,892,715 $ 7,878,371 % Chg over Prev Month -16.6% -12.3% -2.7% -20.8% % Chg over Prev Year 12.0% 2.3% 8.8% YTD (Jan - Aug) $44,741,750 $46,562,386 $47,033,123 $51,410,138 % Chg over Prev YTD 4.1% 1.0% 9.3%
ST.LANDRYVEHICLESALESTAX
St. Landry Parish vehicle sales tax revenue for August with previous month, year, and YTD comparisons.
Note: August sales tax revenue reflects sales activity in July.
Data Source: Tax revenue data from St. Landry Parish School Board.
August 0.1% August YoY 1.4% August YTD 0.1% August
2017 2018 2019 2020 August $ 653,371 $ 835,145 $ 929,242 $ 942,139 July $ 808,639 $ 779,553 $ 817,484 $ 941,027 % Chg over Prev Month -19.2% 7.1% 13.7% 0.1% % Chg over Prev Year 27.8% 11.3% 1.4% YTD (Jan - Aug) $ 6,486,931 $ 6,358,286 $ 6,628,729 $ 6,633,635 % Chg over Prev YTD -2.0% 4.3% 0.1%
BUILDINGPERMITS
RAPIDESAREAPERMITSISSUED
This chart shows the number of permits issued by Rapides Area Planning Commission in August between 2017-2020 for major RAPC jurisdictions.
Note: Avoyelles Parish data not included until 2019. City ofAlexandria permits are accounted for separately.
Data Source: RapidesArea Planning Commission,August 2020.
Total number of RPAC permits issued inAugust 2020 compared toAugust 2019. -8.0%
Allen Avoyelles Catahoula Pineville Evangeline LaSalle Rapides (excl. Alexandria) 2017 13 - 12 143 11 243 2018 13 2 22 133 34 224 2019 20 252 - 17 124 19 98 2020 18 186 1 24 25 22 21250 100 150 200 250 300 Number of Permits Issued August 2017 - 2020 2017 2018 2019 2020 Number of Rapides Parish permits issued in August 2020 compared to year earlier. 116%
RAPIDESAREAPERMITVALUATIONS
This chart shows the valuation of permits issued by Rapides Area Planning Commission in August between 2017-2020 for major jurisdictions.
Note: Avoyelles Parish data not included until 2019. City ofAlexandria permits are accounted for separately.
Data Source: RapidesArea Planning Commission,August 2020.
Allen Avoyelles Catahoula Pineville Evangeline LaSalle Rapides (excl. Alexandria) 2017 $363,200 $- $- $848,250 $1,508,813 $515,000 $5,088,797 2018 $- $- $670,000 $2,391,931 $1,552,363 $12,830,000 $4,138,652 2019 $526,396 $6,614,680 $- $662,849 $1,294,765 $200,000 $3,101,697 2020 $- $4,381,654 $- $1,017,000 $848,712 $34,340 $2,787,285 $$10 Millions Valuation of Permits Issued August 2017 - 2020 2017 2018 2019 2020 Total valuation of RPAC permits issued inAugust 2020 compared to August 2019. -26.8% Valuation of Pineville permits issued in August 2020 compared to year earlier. 53.4%
ALLENPARISHPERMITVALUATIONS
This chart shows the valuation of permits issued by Rapides Area Planning Commission in Allen Parish in August between 2017-2020 with month-tomonth, year-to-year, and year-to-date comparisons.
Data Source: RapidesArea Planning Commission,August 2020.
August na August YoY na August YTD 23.8% August 2017 2018 2019 2020 August $ 363,200 $ - $ 526,396 $July $ 25,000 $ 351,000 $ 500,000 $% Chg Prev Month 1352.8% -100.0% 5.3% #DIV/0! % Chg from Prev Year -100.0% #DIV/0! -100.0% YTD (Jan - Aug) $1,925,364 $2,481,670 $3,294,541 $4,077,595 % Chg over Prev YTD 28.9% 32.8% 23.8%
AVOYELLESPARISHPERMITVALUATIONS
This chart shows the valuation of permits issued by Rapides Area Planning Commission in Avoyelles Parish in August between 2019-2020 with month-to-month, year-to-year, and year-to-date comparisons.
Data Source: RapidesArea Planning Commission,August 2020.
August -26.7% August YoY -33.8% August YTD -13.7% August 2019 2020 August $ 6,614,680 $ 4,381,654 July $ 5,350,743 $ 5,980,629 % Chg Prev Month 23.6% -26.7% % Chg from Prev Year -33.8% YTD (Jan - Aug) $ 36,081,002 $ 31,138,572 % Chg over Prev YTD -13.7%
EVANGELINEPARISHPERMITVALUATIONS
This chart shows the valuation of permits issued by Rapides Area Planning Commission in Evangeline Parish in August between 2017-2020 with month-to-month, year-to-year, and year-to-date comparisons.
Data Source: RapidesArea Planning Commission,August 2020.
August -37.8% August YoY -34.5% August YTD -35.0% August 2017 2018 2019 2020 August $ 1,508,813 $ 1,552,363 $ 1,294,765 $ 848,712 July $ 1,164,890 $ 1,419,991 $ 2,803,662 $ 1,365,215 % Chg Prev Month 29.5% 9.3% -53.8% -37.8% % Chg from Prev Year 2.9% -16.6% -34.5% YTD (Jan - Aug) $16,305,519 $ 8,959,988 $13,877,291 $ 9,015,091 % Chg over Prev YTD -45.0% 54.9% -35.0%
PINEVILLEPERMITVALUATIONS
This chart shows the valuation of permits issued by Rapides Area Planning Commission in the City of Pineville in August between 20172020 with month-to-month, year-to-year, and year-to-date comparisons.
Data Source: RapidesArea Planning Commission,August 2020.
August -10.3% August YoY 53.4% August YTD -32.5% August 2017 2018 2019 2020 August $ 848,250 $2,391,931 $ 662,849 $ 1,017,000 July $ 740,900 $1,419,991 $ 3,688,000 $ 1,134,000 % Chg Prev Month 14.5% 68.4% -82.0% -10.3% % Chg from Prev Year 182.0% -72.3% 53.4% YTD (Jan - Aug) $6,698,947 $7,966,147 $15,098,081 $10,191,795 % Chg over Prev YTD 18.9% 89.5% -32.5%
RAPIDESPARISHPERMITVALUATIONS
This charts shows the valuation of permits issued by Rapides Area Planning Commission in Rapides Parish (excluding Alexandria) in August between 2017-2020 with month-to-month, year-to-year, and year-to-date comparisons.
Note: Three projects in Rapides in Feb. 2019 accounted for $29.8 million. Excluding these projects, YTD permit valuations are up 18.4%.
Data Source: RapidesArea Planning Commission,August 2020.
August -40.6% August YoY -10.1% August YTD -41.6% August 2017 2018 2019 2020 August $ 5,088,797 $ 4,138,652 $ 3,101,697 $ 2,787,285 July $ 3,100,442 $ 3,485,433 $ 3,261,592 $ 4,689,974 % Chg Prev Month 64.1% 18.7% -4.9% -40.6% % Chg from Prev Year -18.7% -25.1% -10.1% YTD (Jan - Aug) $37,856,085 $27,759,714 $55,217,086 $32,233,511 % Chg over Prev YTD -26.7% 98.9% -41.6%
RESIDENTIALCONSTRUCTIONPERMITSBYAREA
New residential construction permit valuation (estimated development cost) issued by Rapides Area Planning Commission by jurisdiction in August 2020 compared to August 2019.
Valuation of New Residential Construction August 2019 vs August 2020
Note: City ofAlexandria permits are accounted for separately.
Data Source: RapidesArea Planning Commission,August 2020.
Year-over-year value of residential construction in Rapides. 6% Aug-19 Aug-20 Change % Change Allen $ 326,396 $ - $ (326,396) -100% Avoyelles $ 2,450,914 $ 907,718 $ (1,543,196) -63% Pineville $ 629,940 $ 731,000 $ 101,060 16% Evangeline $ 867,743 $ 549,200 $ (318,543) -37% LaSalle $ 200,000 $ 770,000 $ 570,000 285% Rapides $ 2,347,197 $ 2,478,000 $ 130,803 6% Year-over-year value of all residential construction in RAPC area. -20.3%
ALEXANDRIACOMMERCIALPERMITS
The valuation (estimated development cost) of new commercial construction permits issued by the City of Alexandria in August 2020 with previous month, year, and YTD comparisons.
Data Source: City ofAlexandria Planning Division. September 9, 2020 August 10.0% August YoY -92.1% August YTD -51.4% 2018 2019 2020 August 8,422,292 $ 19,531,800 $ 1,546,879 July 4,767,000 $ 6,069,877 $ 1,406,000 % Chg over Prev Month 76.7% 221.8% 10.0% % Chg over Prev Year 131.9% -92.1% YTD (Jan - Aug) 31,889,856 $ 38,906,537 $ 18,915,688 % Chg over Prev YTD 22.0% -51.4% August
ALEXANDRIARESIDENTIALPERMITS
The valuation (estimated development cost) of new residential construction permits issued by the City of Alexandria in August 2020 with previous month, year, and YTD comparisons.
Data Source: City ofAlexandria Planning Division. September 9, 2020 August -21.1% August YoY 123% August YTD -25.2% August 2018 2019 2020 August 2,364,959 $ 986,701 $ 2,201,779 July 1,603,505 $ 7,159,712 $ 2,789,264 % Chg over Prev Month 47.5% -86.2% -21.1% % Chg over Prev Year -58.3% 123.1% YTD (Jan - Aug) 24,244,093 $ 16,400,608 $ 12,273,407 % Chg over Prev YTD -32.4% -25.2%
HOUSING
ALEXANDRIAACTIVELISTINGS
The count of active single-family and condo/townhome listings for Alexandria MSA (excludes pending listings) for August 20172020 with month-to-month and year-over-year comparisons.
Active listings decreased 37% since January, from 459 in January to 289 inAugust.
Data Source: Realtor.com. Retrieved from FRED, Federal Reserve Bank of St. Louis. September 5, 2020 August 2.8% August YoY -45.1% 200 300 400 500 600 2016-07-01 2017-02-01 2017-09-01 2018-04-01 2018-11-01 2019-06-01 2020-01-01 2020-08-01 Active Listings Count in Alexandria July 2016 - August 2020 2017 2018 2019 2020 August 447 518 526 289 July 449 535 538 281 % Chg Prev Month -0.4% -3.2% -2.2% 2.8% % Chg from Prev Year 15.9% 1.5% -45.1% August
ALEXANDRIAPENDINGLISTINGS
The count of pending single-family and condo/townhome listings for Alexandria MSA for August 2017-2020 with month-to-month and year-over-year comparisons.
Pending listings increased 245% since January, from 71 in January to 245 inAugust.
Data Source: Realtor.com. Retrieved from FRED, Federal Reserve Bank of St. Louis. September 5, 2020 August 2.5% August YoY 64.4%% 2017 2018 2019 2020 August 186 176 149 245 July 168 176 158 239 % Chg Prev Month 10.7% 0.0% -5.7% 2.5% % Chg from Prev Year -5.4% -15.3% 64.4% 0 50 100 150 200 250 300 2016-07-01 2017-07-01 2018-07-01 2019-07-01 2020-07-01 Pending Listing Count in Alexandria July 2016 - August 2020 August
ALEXANDRIAMEDIANDAYSONMARKET
The median number of days property listings spend on the market in Alexandria MSA for August 2017-2020 with month-to-month and year-over-year comparisons.
Median days on the market decreased 42% since January, from 95 days in January to 55 inAugust.
Data Source: Realtor.com. Retrieved from FRED, Federal Reserve Bank of St. Louis. August 9, 2020 August -30.8% August YoY -31.7% 50 60 70 80 90 100 110 120 2016-07-01 2017-07-01 2018-07-01 2019-07-01 2020-07-01 Median Days on Market in Alexandria July 2016 - August 2020 2017 2018 2019 2020 August 84 82 81 55 July 85 77 74 80 % Chg Prev Month -1.8% 6.5% 8.8% -30.8% % Chg from Prev Year -1.8% -1.8% -31.7% August
ALEXANDRIAMEDIANLISTINGPRICE
The median listing price of houses in Alexandria MSA for August 2017-2020 with month-to-month and year-over-year comparisons.
The median listing price increased 22% since January, from $179,950 in January to $219,050 inAugust.
Data Source: Realtor.com. Retrieved from FRED, Federal Reserve Bank of St. Louis. September 5, 2020 August 0.5% August YoY 14.9% 2017 2018 2019 2020 August $ 179,950 $ 179,300 $ 190,625 $ 219,050 July $ 179,050 $ 179,050 $ 197,050 $ 218,050 % Chg Prev Month 0.5% 0.1% -3.3% 0.5% % Chg from Prev Year -0.4% 6.3% 14.9% $170,000 $180,000 $190,000 $200,000 $210,000 $220,000 $230,000 2016-07-01 2017-07-01 2018-07-01 2019-07-01 2020-07-01 Median Listing Price in Alexandria July 2016 - August 2020 August
ALEXANDRIAAVERAGELISTINGPRICE
The average listing price of houses in Alexandria MSA for August 2017-2020 with month-to-month and year-over-year comparisons.
The average listing price increased 21% since January, from $217,927 in January to $263,608 inAugust.
Data Source: Realtor.com. Retrieved from FRED, Federal Reserve Bank of St. Louis. September 5, 2020 August -0.1% August YoY 15.3% 2017 2018 2019 2020 August $ 239,079 $ 225,025 $ 228,541 $ 263,608 July $ 238,015 $ 220,100 $ 231,039 $ 263,951 % Chg Prev Month 0.4% 2.2% -1.1% -0.1% % Chg from Prev Year -5.9% 1.6% 15.3% $200,000 $210,000 $220,000 $230,000 $240,000 $250,000 $260,000 $270,000 2016-07-01 2017-07-01 2018-07-01 2019-07-01 2020-07-01 Average Listing Price in Alexandria July 2016 - August 2020 August
ALEXANDRIAMEDIANPRICEPERSQFT
The median listing price per square foot of houses in Alexandria MSA for June 2017-2020 with month-to-month and year-over-year comparisons.
The median price per square foot increased 7.5% since January, from $98.44/sf in January to $105.85 /sf in August.
Data Source: Realtor.com. Retrieved from FRED, Federal Reserve Bank of St. Louis. September 5, 2020 June 3.5% June YoY 5.5% 85 90 95 100 105 110 2016-07-01 2017-07-01 2018-07-01 2019-07-01 Median Listing Price/Sq Ft in Alexandria July 2016 - June 2020 2017 2018 2019 2020 June 95 95 100 106 May 95 95 100 102 % Chg Prev Month 0.0% 0.3% 0.4% 3.5% % Chg from Prev Year 0.3% 5.3% 5.5% June
MORTGAGEDELINQUENCIESINLOUISIANA
This chart represents non-current mortgages (delinquencies) in Louisiana for the past year.
2020
Delinquency
Rate in July
U.S. 6.91% LA 11.77%
In July Louisiana had the second highest mortgage delinquency rate in the nation. Since April, Covid-19 added an average of 3.7 percentage points to the delinquency rate.
Hurricanes Harvey and Irma in 2017 drove mortgage delinquencies in affected areas up an additional 5.5 percentage points above pre-storm levels by the second month following the storms.
Source: Mortgage Monitor Reports July 2019 – July 2020, Black Knight Financial Technology Solutions, September 5, 2020.
Data
7.8% 7.7% 8.0% 7.7% 7.8% 7.6% 7.2% 7.2% 7.5% 10.9% 11.8% 11.7% 10.8% 0% 2% 4% 6% 8% 10% 12% 14% July-19 September-19 November-19 January-20 March-20 May-20 July-20
July
Louisiana U.S.
Non-Current Mortgages in Louisiana July 2019 -
TRAVEL
AVOYELLESHOTELOCCUPANCYTAX
Avoyelles Parish hotel occupancy tax revenue for August with previous month, year, and year-to-date comparisons.
Note: August tax revenue reflects hotel occupancy activity in July.
Data Source: Avoyelles Parish School Board. August 2020.
August 11.9% August YoY -5.9% August YTD -22.5% August 2016 2017 2018 2019 2020 August $ 13,824 $ 13,848 $ 14,968 $ 14,228 $ 13,383 July $ 11,553 $ 12,596 $ 14,505 $ 14,731 $ 11,955 % Chg over Prev Month 19.65% 9.95% 3.19% -3.41% 11.95% % Chg over Prev Year 0.18% 8.08% -4.94% -5.94% YTD (Jan - Aug) 81,734 93,362 90,083 90,729 70,272 % Chg over Prev YTD 14.23% -3.51% 0.72% -22.55%
RAPIDESHOTELOCCUPANCYTAX
Rapides Parish hotel occupancy tax revenue for August 2020 with previous month, year, and YTD comparisons.
Note: August tax revenue reflects hotel occupancy activity in July.
Data Source: Rapides Parish Police Jury Treasurer’s Reports, August 2020.
August -16.7% August YoY -42.1% August YTD -27.1% 2017 2018 2019 2020 August $ 159,832 $ 183,123 $ 181,610 $ 105,064 July $ 185,267 $ 168,325 $ 181,894 $ 126,105 % Chg over Prev Month -13.7% 8.8% -0.2% -16.7% % Chg over Prev Year 14.6% -0.8% -42.1% YTD (Jan - Aug) $ 1,263,306 $1,256,468 $1,324,263 $ 965,366 % Chg over Prev YTD -0.5% 5.4% -27.1% August
PASSENGERTRAFFICAEXVSUSA
This chart shows total passenger throughput at Alexandria International and nationwide in August 2020 as a percent of traffic a year ago.
Passenger Throughput as a Percent a Year Ago
AEX vs Nationwide (August 1 - 31)
100.00%
80.00%
Average percent of travelers at AEX inAugust compared to a year ago. 0.00%
59% Average percent of travelers nationwide in August compared to a year ago. 20.00%
60.00%
29% 40.00%
120.00% 8/1/2020 8/2/2020 8/3/2020 8/4/2020 8/5/2020 8/6/2020 8/7/2020 8/8/2020 8/9/2020 8/10/2020 8/11/2020 8/12/2020 8/13/2020 8/14/2020 8/15/2020 8/16/2020 8/17/2020 8/18/2020 8/19/2020 8/20/2020 8/21/2020 8/22/2020 8/23/2020 8/24/2020 8/25/2020 8/26/2020 8/27/2020 8/28/2020 8/29/2020 8/30/2020 8/31/2020
AEX passenger traffic inAugust was 5,815, up 335% since reaching a low of 1,334 inApril. Passenger traffic has increased every month sinceApril.
Hurricane Laura
US AEX
Data Source: Alexandria International Airport, September 9, 2020
PASSENGERTRAFFICATAEXHUBS
This chart shows total passenger traffic at Alexandria International hubs in July 2020 relative to traffic a year ago. Data Source: Alexandria International Airport, September 5, 2020
Houston (IAH) regained 67% of its traffic in July from a year ago, compared to 45% for DallasFW (DFW) and 23% forAtlanta (ATL).
3.29 3.24 2.40 4.95 7.15 10.222 4 6 8 10 12
Houston (IAH)
Dallas-FW (DFW)
Millions
Atlanta (ATL)
Aug-20 Aug-19
Passenger Traffic at AEX Connecting Hubs July 2020 vs July 2019
AIRTRAVELERSTATS
Nationwide daily percentage of passengers passing through TSA checkpoints in 2020 expressed as a percentage of 2019 traffic.
Nationwide air passenger traffic reached a pandemic high during the Labor Day weekend registering 44% of 2019’s level.
Data Source: DHS, Transportation Security Administration, https://www.tsa.gov/coronavirus/passenger-throughput, September 5, 2020
0% 20% 40% 60% 80% 100% 120% 3/1/2020 4/1/2020 5/1/2020 6/1/2020 7/1/2020 8/1/2020 9/1/2020 Passengers
TSA Airport Total Traveler Throughput in 2020 as a Percent 2019 Traffic
2020 Traffic as % of 2019 Traffic
LOCAL& LOUISIANA
ALLCONSUMERSPENDINGINCENLA
The table and chart represents the percent change in average consumer credit and debit card spending in Cenla as of September 2, 2020 with January 2020 as the baseline.
Data Source: Opportunity Insights Economic Tracker, https://www.tracktherecovery.org/. Data Source: Affinity Solutions. Catahoula 15.0% Evangeline -12.8% Grant 37.5% LaSalle 7.7% Rapides 15.5% St. Landry -35.6% Louisiana 7.4%
SMALLBUSINESSREVENUEINCENLA
The table and chart represents the percent change in net business revenue for small businesses in Cenla as of August 21, 2020 with January 2020 as the baseline.
Source: Opportunity Insights Economic Tracker, https://www.tracktherecovery.org/ Date Source: Womply. Avoyelles -10.2% Concordia -67% Evangeline -45.6% LaSalle -11.8% Rapides -35.4% St. Landry 29.1% Louisiana -11.8%
SMALLBUSINESSESOPENINCENLA
The table and chart represents the percent change in small businesses open (defined as having financial transaction activity) in Cenla as of August 9, 2020 with January 2020 as the baseline.
Source: Opportunity Insights Economic Tracker, https://www.tracktherecovery.org/ Date Source:
Avoyelles 6.1% Concordia -33.2% Evangeline -17.3% LaSalle -23.0% Rapides -38.9% St. Landry -21.8% Louisiana -23.1%
Womply.
LOUISIANABUSINESSFORMATION
(L) Weekly business applications in Louisiana in 2019 and 2020.
(R) Breakdown of applications by type of business as of August 29, 2020.
Sole Proprietor High-Propensity to Pay Wages Planned Wages Corporations
Year-to-date throughAugust 29, 2020, 58,160 business applications have been filed in Louisiana, compared to 39,300 for the same period in 2019, representing a 48% increased.
Of the applications filed in 2020, 16,540 have a high-propensity for turning into a business with a payroll, including 7,890 which are already planning to pay wages.
Data Source: Business Formation Statistics, U.S. Census Bureau, https://www.census.gov/econ/bfs/index.html, September 5, 2020
0 500 1000 1500 2000 2500 3000 3500 4000 Business Applications in Louisiana 2019 vs 2020 2019 2020 38,630 11,640 5,480 2,410 Breakdown by
2020
Business Application Type
COINCIDENTECONOMICACTIVITYINDEX
The Coincident Economic Activity Index for Louisiana includes four indicators: nonfarm payroll employment, the unemployment rate, average hours worked in manufacturing and wages and salaries. The index is set to match the trend for gross state product.
• The chart shows the impact of COVID-19 on the Louisiana’s gross state product over the past 12 months.
Coincident Economic Activity Index for Louisiana August 2019 - July 2020
• Index is up 1.7% in July over June.
Data Source: FRED Economic Data, Federal Reserve Bank of St. Louis, Sept. 5, 2020. https://fred.stlouisfed.org/series/LAPHCI
109.9 109.9 109.7 109.9 109.9 110.0 110.4 108.6 95.5 95.8 99.7 101.3 85 90 95 100 105 110 115 2019-08-01 2019-10-01 2019-12-01 2020-02-01 2020-04-01 2020-06-01 Index
LOUISIANAGASOLINESALES
Total gasoline sales in Louisiana for the past 12 months.
• In June 2020, Louisiana gasoline sales were up 8.1% over May and 37.7% above April, the low point during the pandemic.
June 2020 sales were only 6.6% below June 2019 and 7.4% below January 2020.
Data Source: U.S. Energy Information Administration, September 5, 2020
6,994 7,100 7,015 7,108 7,250 7,110 7,297 6,951 6,649 4,905 6,250 6,755 0 1000 2000 3000 4000 5000 6000 7000 8000 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Thousand Gallons per Day Gasoline Sales in Louisiana
July 2019 - June 2020
BAKERHUGHESRIGCOUNT
Represents the number of drilling rigs actively exploring for or developing oil or natural gas in Louisiana and the U.S.
Rig Count in Louisiana & US
January 2020 - Present
24
TOTAL
60 30 32
Exploration rig count in Louisiana is up 27% since bottoming on August 4, while the U.S. rig count is up 5% in the past month.
Source: Baker Hughes, https://rigcount.bakerhughes.com/na-rig-count, September 5, 2020
Aug 19 Jul 20 Aug 20 N. LA-Land 32 20 21 S. LA –Int’l Water 0 0 1 S. LA-Land 4 0 0 S. LA-Offshore
10 10
TOTAL
926 255 250
LOUISIANA
US
0 10 20 30 40 50 60 70 0 100 200 300 400 500 600 700 800 900 3-Jan 10-Jan 17-Jan 24-Jan 31-Jan 7-Feb 14-Feb 21-Feb 28-Feb 6-Mar 13-Mar 20-Mar 27-Mar 3-Apr 10-Apr 17-Apr 24-Apr 1-May 8-May 15-May 22-May 29-May 5-Jun 12-Jun 19-Jun 26-Jun 3-Jul 10-Jul 17-Jul 24-Jul 31-Jul 7-Aug 14-Aug 21-Aug 28-Aug 4-Sep 3Jan 10Jan 17Jan 24Jan 31Jan 7Feb 14Feb 21Feb 28Feb 6Ma r 13Ma r 20Ma r 27Ma r 3Apr 9Apr 17Apr 24Apr 1Ma y 8Ma y 15Ma y 22Ma y 29Ma y 5Jun 12Jun 19Jun 26Jun 2Jul 10Jul 17Jul 24Jul 31Jul 7Aug 14Aug 21Aug 28Aug 4Sep US 796781796794790790790791790793792772728664602529465408374339318301284279266265263258253251251247244254254256 Louisiana 58 55 54 54 52 52 52 51 50 52 47 47 44 44 43 41 40 39 38 35 35 35 34 33 33 32 31 31 30 30 29 29 31 32 34 37
LOUISIANAGAMINGREVENUE
Gaming revenue in Louisiana for July 2020 with previous month and year comparisons.
Data Source: Louisiana Gaming Control Board, July 2020. http://lgcb.dps.louisiana.gov/revenue_reports.html
July 6.8% July 2020 July YoY -4.7% 19-Jul 20-Jun 20-Jul % Change MoM % Change YoY Video Poker $49,928,726 $60,636,627 $62,664,240 3.3% 25.5% Riverboat $152,729,319 $132,044,556 $136,984,253 3.7% -10.3% Landbased $20,411,519 $5,609,758 $12,994,739 131.6% -36.3% Slots $29,169,934 $26,744,164 $27,645,635 3.4% -5.2% Total $252,239,498 $225,035,105 $240,288,867 6.8% -4.7%
OPENTABLERESERVATIONS INLOUISIANA
This data shows year-overyear seated diners at restaurants on the OpenTable network in Louisiana. Year-over-year comparisons by day compare the same day of the week from the same week in the previous year.
Reservations for seated diners have risen from 100% down on May 14 (end of stay-at-home order) to only 29% down on September 4, using Feb. 18th as a baseline.
Source: OpenTable, https://www.opentable.com/state-of-industry, September 5, 2020
OpenTable Reservations in Lousiana Percent Change Over Year Ago
May 14, 2020 - Present
-150 -100 -50 0 50 100 150 200
NATIONAL
NATIONALECONOMICINDICATORS
Monthly
U.S. economic indicators for June 2020.
Data Source: U.S. Census, https://www.census.gov/economic-indicators/, September 5, 2020.
Indicator June 20 July 20 Monthly Wholesale Trade -1.3% -0.3% Manufacturers Shipments, Inventories, and Orders 6.4% 6.4% Construction Spending -0.5% 0.1% Advance Monthly Wholesale Inventories -1.3% -0.1% Advance Monthly Retail Inventories -2.7% 1.2% Advance Durable Goods Manf. Shipments, Inventories, and Orders 7.7% 11.2% New Residential Sales 15.1% 13.9% New Residential Construction 17.5% 22.6% Advance Monthly Sales for Retail and Food Services 8.4% 1.2% Durable Goods 11.2% Residential Sales 13.9% Residential Construction 22.6%
CONTRIBUTORS
The data presented throughout the CENLA Economic Dashboard reflects contributions from the following local organizations.
• Rapides Parish Policy Jury Treasurer
• Avoyelles Parish School Board
• St. Landry Parish School Board
• Evangeline Parish Sales Tax Commissioner
• Concordia, Catahoula, & La Salle TaxAdministrator
• Alexandria InternationalAirport
• RapidesArea Planning Commission
• City ofAlexandria Planning Division
• St. Landry Parish Permit Office
• Louisiana Office of Public Health, Region 6
THANKYOU
Also, special thanks to the following partners for distributing the dashboard.
Next Issue: Week of Oct. 12th
• LSUAFoundation
• Central Louisiana Regional Chamber of Commerce
• Marksville Chamber of Commerce
• Bunkie Chamber of Commerce
• Evangeline Chamber of Commerce
Current and past issues of the CENLA Economic Dashboard can be found at http://www.lsua.edu/coronavirus/cenla-economic-dashboard/