CENLA ECONOMIC DASHBOARD
December 11, 2020.
Dr. Randall Dupont Dean,College of BusinessLouisiana State University of Alexandria
rdupont@lsua.edu
KEY FINDINGS
December 11, 2020 CENLA Economic Dashboard
COVID-19
• The positivity rate for COVID-19 in Region 6 stood at 8%.
• Contact tracing in Region 6 reached 58%% individuals testing positive for COVID. 61% denied having any close contact in the two weeks prior to their positive results.
• In Region 6, the 7-day average percent positivity was 7.80% on November 25 and hospitalizations per capita in Region 6 are increasing over the last 14 days.
EMPLOYMENT
• Statewide, average weekly initial unemployment claims filed in November fell from 11,717 in October to 10,500, a 10% decrease. Average weekly continued unemployment claims in November fell from 150,363 in October to 87,209, a 42% decrease.
• In CENLA, the average weekly initial unemployment claims in central Louisiana rose slightly from 570 in October to 587 November. Average weekly continued unemployment claims in central Louisiana fell from 9,439 in October to 6,031 in November, a 36% decline.
• At 6.8%, the Alexandria MSA had the lowest unemployment rate among the state’s major metro areas in November for the sixth straight month, well below the state’s 9.3% rate.
• Louisiana’s unemployment rate rose 1.1% in October to 9.3% from 8.2% in September.
• In October, parishes in central Louisiana had an average unemployment rate of 7.9% compared to 9.3% statewide.
• Alexandria metro area continued to have the tightest labor market in the state in October with only 0.89 unemployed person per job opening compared to 2.33 statewide.
• Job openings in the Alexandria MSA in October decreased 7.9% from October.
KEY FINDINGS … continued
December 11, 2020 CENLA Economic Dashboard
TAX REVENUE
• Sales taxes for Ball, Boyce, Cheneyville, Glenmore, Lecompte, and Woodworth decreased in October. However, all towns reported a year-to-date increase except Cheneyville.
• All nine jurisdictions in central Louisiana reported lower tax revenues in November, reflecting decreased consumer spending in October. Alexandria and Pineville had decreases of 10%, while Avoyelles had the smallest decline at 4.9%.
• All reporting jurisdictions have increased tax revenues yearto-date except Concordia and LaSalle.
• October vehicle sales was mixed. Vehicle sales remain positive from the year in Cenla compared to last year.
• Rapides vehicle sales tax data for October was not available this month.
BUILDING PERMITS
• Rapides Parish permit valuations were down 24% in November compared to October and are down 37% so far this year.
• Residential construction permits in the Rapides Planning Area in November are down 34% over the same month last year.
• In Alexandria, commercial permit valuations are up 44% in November while residential permits are down 44%. Both running 30% lower for the year.
HOUSING
• Indicators point to a slowing but still robust housing market in the Alexandria metro area. Compared to November of last year, active listings are down 45%, pending listings are up 25%, and median days on the market are down 10%.
• The median listing price is up 23% while the average price is up 25% of the past year.
• Louisiana’s non-current mortgage delinquency rates in October stood at 11% compared to 6.4% nationally. Louisiana has the 2nd highest delinquency rate in the nation.
KEY FINDINGS … continued
December 11, 2020 CENLA Economic Dashboard TRAVEL
• Hotel occupancy in Rapides decreased 8% in October compared to a month earlier and was 58% above the October 2019 level. Year-to-date Rapides and Avoyelles hotel occupancy remains 6% below last year.
• Total passenger traffic at Alexandria International airport (AEX) averaged 76% of last November’s level compared to only 35% nationwide. AEX had the highest percentage passenger throughput rate in the state when compared with 2019 traffic, nearly doubling the throughput rate of New Orleans.
LOCAL & LOUISIANA
• Using data from financial transactions, Opportunity Insights reports consumer spending in Rapides was up 9.6% on Nov. 22nd compared to January 2020 with Grant showing the strongest gain at 12%.
• Small business revenue in Louisiana was down 40% in late November compared to January.
• Consumers in Rapides are spending more time shopping and dining out than the state average. As of last week, grocery shopping was up 1.7% compared to -4.4% for the state. Consumers also outpaced the state in retailing and dining out, although it remains 11% below January’s level.
• Employees in Rapides spent more time at work than the state average, down -18% from January’s level compared to -24% statewide.
• Year-to-date through November 30, 2020, 78,480 business applications have been filed in Louisiana, compared to 50,830 for the same period in 2019, representing a 54% increase.
• The Baker Hughes exploration rig count in Louisiana remained unchanged again in November at 38. However, the rig count nationwide is up 11% in November over October.
• The Coincident Economic Activity Index which tracks gross state product edge up slightly in October.
• Gaming revenue in Louisiana increased 15% in October but was down 14% compared to last year.
COVID-19
COVID-19 LOUISIANA REPORT
COVID-19 statewide testing statistics as of December 6, 2020.
New Cases Testing
Source: Louisiana Office of Public Health, Region 6 (Central Louisiana), Regional Administrator/Medical Director, David J. Holcombe, MD, MSA, December 10, 2020.
COVID-19 REGION 6 TESTING STATISTICS
COVID-19 testing statistics for Region 6 as of December 3, 2020.
Region 6
• As of November 25, the 7-day average percent positivity was 7.80%.
• The hospitalizations per capita in Region 6 are increasing over the last 14 days.
• As of December 3, the epidemic curve for Region 6 showed 13 days in a downward trajectory in average daily incidence of COVID cases.
Source: Louisiana Office of Public Health, Region 6 (Central Louisiana), Regional Administrator/Medical Director, David J. Holcombe, MD, MSA, December 7, 2020.
COVID-19 PARISH TESTING STATISTICS
COVID-19 parish testing statistics for Region 6 as of November 19, 2020. Source: Louisiana Office of Public Health, Region 6 (Central Louisiana), Regional Administrator/Medical Director, David J. Holcombe, MD, MSA, November 20, 2020.
COVID-19 REGION 6 CONTACT TRACING DATA
Covid-19 contact tracing effectiveness as of November 18, 2020.
58% of attempted contacts were reached.
61% denied any close contact in the two weeks prior to their positive results.
:
Source: Louisiana Office of Public Health, Region 6 (Central Louisiana), Regional Administrator/Medical Director, David J. Holcombe, MD, MSA, November 19 2020.
COVID-19 CASES BY K-12 SCHOOLS
Covid-19 cases reported by K-12 schools in Region 6 as of November 29, 2020.
Source: Louisiana Office of Public Health, Region 6 (Central Louisiana), Regional Administrator/Medical Director, David J. Holcombe, MD, MSA, December 2, 2020.
:
COVID-19 PERCENT POSITIVE AND TEST VOLUME
COVID-19 percent positive and test volume in Region 6 as of November 19, 2020. Source:
:
Louisiana Office of Public Health, Region 6 (Central Louisiana), Regional Administrator/Medical Director, David J. Holcombe, MD, MSA, November 19, 2020.
COVID-19 CASES BY COLLECTION DATE
COVID-19 cases by collection date as of November 19, 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, November 19, 2020.
:
COVID-19 REGION 6 CASES BY AGE GROUP
Cases over time by age group in Region 6 through November 19, 2020.
Source: Louisiana Office of Public Health, Region 6 (Central Louisiana), Regional Administrator/Medical Director, David J. Holcombe, MD, MSA, November 19, 2020.
:
COVID-19 CASES BY AGE GROUP
COVID-19 cases statewide by age group as of November 19, 2020.
Source: Louisiana Office of Public Health, Region 6 (Central Louisiana), Regional Administrator/Medical Director, David J. Holcombe, MD, MSA, November 19, 2020.
:
COVID-19 HOSPITALIZED & VENTILATED
Number of cases hospitalized and ventilated in Region 6 as of November 15, 2020. Source: Louisiana Office of Public Health, Region 6 (Central Louisiana), Regional Administrator/Medical Director, David J. Holcombe, MD, MSA, November 15, 2020.
:
COVID-19 AVAILABLE BEDS BY LDH REGION
beds by Louisiana Department of Health region as of November 19, 2020.
Louisiana Office of Public Health, Region 6 (Central Louisiana), Regional Administrator/Medical Director, David J. Holcombe, MD, MSA, November 19, 2020. :
Available
Source:
COVID-19 DEATHS BY DATE OF DEATH
COVID-19 deaths by date of death statewide as of November 19, 2020.
Public Health,
6
Louisiana), Regional Administrator/Medical
J.
:
Source: Louisiana Office of
Region
(Central
Director, David
Holcombe, MD, MSA, November 19, 2020.
COVID-19 DEATHS BY AGE GROUP
COVID-19 deaths statewide by age group as of November 19, 2020.
Source: Louisiana Office of Public Health, Region 6 (Central Louisiana), Regional Administrator/Medical Director, David J. Holcombe, MD, MSA, November 19, 2020.
:
EMPLOYMENT
UNEMPLOYMENT CLAIMS IN LOUISIANA
Initial and continued unemployment claims in Louisiana since March 14, 2020.
Average weekly initial unemployment claims filed in November fell from 11,717 in October to 10,500, a 10% decrease.
Average weekly continued unemployment claims in November fell from 150,363 in October to 87,209, a 42% decrease.
Source: Louisiana Workforce Commission, December 10, 2020
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
Unemployment Claims in Louisiana
UNEMPLOYMENT CLAIMS IN CENLA
Initial and continued unemployment claims in Louisiana since March 14, 2020.
Average weekly initial unemployment claims in central Louisiana rose slightly from 570 in October to 587 November.
Average weekly continued unemployment claims in central Louisiana fell from 9,439 in October to 6,031 in November, a 36% decline.
Source: Louisiana Workforce Commission, December 10, 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
UNEMPLOYMENT RATE BY CENLA PARISH
The table below shows October 2020 preliminary unemployment rate, labor force, and employment data for central Louisiana parishes.
In October, parishes in central Louisiana had an average unemployment rate of 7.9% compared to 9.3% statewide.
Data Source: Louisiana Workforce Commission, December 10, 2020
Area Labor Force Employed Unemployed Unemployment Rate Oct 2020 Unemployment Rate Sept 2020 Allen 8,825 8,024 801 9.1% 9.0% Avoyelles 15,383 14,152 1,231 8.0% 7.2% Catahoula 3,524 3,244 280 7.9% 7.4% Concordia 7,213 6,619 594 8.2% 7.7% Evangeline 11,887 10,855 1,032 8.7% 7.9% Grant 8,225 7,683 542 6.6% 6.2% La Salle 6,792 6,436 356 5.2% 4.7% Rapides 55,948 52,140 3,808 6.8% 5.9% St. Landry 32,670 29,413 3,257 10.0% 8.8%
UNEMPLOYMENT RATE AMONG LA METROS
The table below shows October 2020 preliminary unemployment rate, labor force, and employment data for Metropolitan Statistical Areas in Louisiana.
At 6.8%, the Alexandria MSA had the lowest unemployment rate among the state’s major metro areas for the sixth straight month, well below the state’s 9.3% rate.
Louisiana’s unemployment rate rose 1.1% in October to 9.3% from 8.2% in September.
Data Source: Louisiana Workforce Commission, December 10, 2020
Area Unemployment Rate Labor Force Employed Unemployed Louisiana 9.3% 2,118,292 1,921,042 197,250 Alexandria 6.8% 64,173 59,823 4,350 Baton Rouge 8.0% 426,854 392,641 34,213 Hammond 10.5% 56,588 50,638 5,950 Houma-Thibodaux 7.9% 90,224 83,126 7,098 Lafayette 8.3% 215,386 197,566 17,820 Lake Charles 11.8% 101,552 89,577 11,975 Monroe 7.7% 83,546 77,080 6,466 New Orleans-Metairie 11.3% 601,439 533,325 68,114 Shreveport-Bossier City 9.0% 189,582 172,494 17,088
UNEMPLOYED PER JOB OPENING
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 October 2020.
Alexandria metro area continues to have the tightest labor market in the state with only 0.89 unemployed person per job opening compared to 2.33 statewide.
Source: Louisiana Workforce Commission, December 10, 2020
Rank Metro Area Unemployed Job Openings Unemployed per Job Opening 1 Alexandria 4350 4881 0.89 2 Shreveport-Bossier City 15829 9283 1.71 3 Lafayette 10754 5960 1.80 4 Monroe 6466 3246 1.99 5 Baton Rouge 34213 15982 2.14 6 New Orleans-Metairie-Kenner 67061 27505 2.44 7 Lake Charles 11975 4636 2.58 8 Houma-Bayou Cane-Thibodaux 7098 2366 3.00
JOB OPENINGS IN CENLA
(L) The number of job openings advertised online in CENLA in November 2020 and (R) job openings in Alexandria MSA since November 2019. Data Source: Louisiana Workforce Commission, December 10, 2020
Job openings in the Alexandria MSA in October decreased 7.9% from October.
Job Openings Allen 157 Avoyelles 348 Catahoula 40 Concordia 119 Evangeline 198 Grant 100 La Salle 97 Rapides 4,394 St. Landry 728
3,114 5,207 4,881 4,494 0 1,000 2,000 3,000 4,000 5,000 6,000
Job Openings in Alexandria MSA
TAX REVENUE
TAX REVENUE OVERVIEW
An overview of sales, vehicle sales, and hotel occupancy taxes collected in the November 2020.
Note: November tax revenue reflects sales activity in October. N/a = Not available
Data Source noted detailed reports.
Sales Tax M/M Y/Y YTD Vehicle Sales Tax M/M Y/Y YTD Alexandria -10.5% 21.1% 2.6% Avoyelles 4.2% -1.9% 4.7% Avoyelles -4.9% 26.0% 2.9% Evangeline -0.7% 2.5% 5.7% Catahoula -24.3% 16.1% 3.5% Rapides n/a n/a n/a Concordia -19.2% 6.3% -1.3% St. Landry -2.5% 2.7% 1.0% Evangeline -1.5% -10.4% 1.8% La Salle -10.8% 5.0% -11.1% Hotel Occupancy Tax Pineville -10.3% 23.9% 15.6% Avoyelles .01% 66.4% -6.1% Rapides -17.0% 23.7% 6.7% Rapides -7.7% 57.9% -5.6% St. Landry -8.8% 31.5% 11.4% November
RAPIDES PARISH TOWNS & CITIES
An overview of sales tax revenue in Rapides Parish other towns and cities in November 2020 (excluding Alexandria and Pineville).
Note: November tax revenue reflects sales activity in October.
November 19-Nov 20-Oct 20-Nov % M/M % Y/Y %YTD Ball $45,477 $77,486 $56,156 -27.5% 23.5% 12.5% Boyce $26,502 $91,087 $37,160 -59.2% 40.2% 13.5% Cheneyville $2,989 $4,098 $2,048 -50.0% -31.5% -19.0% Glenmore $18,942 $23,116 $13,251 -42.7% -30.0% 7.5% Lecompte $13,215 $29,381 $18,605 -36.7% 40.8% 30.5% Woodworth $13,874 $44,848 $26,626 -40.6% 91.9% 13.5% $40 $50 $60 $70 $80 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Thousands Ball 2019 2020 $10 $20 $30 $40 $50 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Thousands Woodworth 2019 2020 Data Source: Rapides Parish Police Jury Treasurer’s Reports.
ALEXANDRIA SALES TAX
(TR) Alexandria sales tax revenue for November with previous month, year, and YTD comparisons.
(BR) Alexandria monthly sales tax revenue from 2019 to present.
Note: November sales tax revenue reflects sales activity in October.
Data Source: Rapides Parish Police Jury Treasurer’s Reports.
$3 $4 $5 Millions Alexandria Sales Tax Revenue 2019-2020 2019 2020
November -10.5% Nov. YoY 21.1% Nov. YTD 2.6% 2017 2018 2019 2020 November $ 3,011,838 $ 2,969,135 $ 3,009,970 $ 3,644,343 October $ 3,274,368 $ 3,188,133 $ 3,385,908 $ 4,072,623 % Chg over Prev Month -8.0% -6.9% -11.1% -10.5% % Chg over Prev Year -1.4% 1.4% 21.1% YTD (Jan - Nov) $ 35,189,410 $ 35,652,175 $ 36,118,315 $ 37,039,520 % Chg over Prev YTD 1.3% 1.3% 2.6% November
AVOYELLES SALES TAX
Avoyelles Parish total sales tax revenue for November with previous month, year, and year-to-date comparisons. Vehicle and hotel tax revenues are excluded.
Note: November sales tax revenue reflects sales activity in October.
Data Source: Avoyelles Parish School Board.
November -4.9% Nov. YoY 26.0% Nov. YTD 2.95% November
2016 2017 2018 2019 2020 November $ 1,251,035 $ 1,331,874 $ 1,327,497 $ 1,381,375 $ 1,740,322 October $ 1,450,588 $ 1,489,996 $ 1,488,063 $ 1,653,457 $ 1,830,784 % Chg over Prev Month -13.76% -10.61% -10.79% -16.46% -4.94% % Chg over Prev Year 6.46% -0.33% 4.06% 25.98% YTD (Jan - Nov) $14,697,546 $15,544,914 $15,371,098 $16,138,208 $16,613,563 % Chg over Prev YTD 5.77% -1.12% 4.99% 2.95% 1.0 1.2 1.4 1.6 1.8 2.0 January February March April May June July August September October Millions Avoyelles Sales Tax Revenue 2019-2020 2019 2020
AVOYELLES VEHICLE SALES TAX
Avoyelles Parish vehicle sales tax revenue for November with previous month, year, and year-to-date comparisons.
Note: November sales tax revenue reflects sales activity in October.
Data Source: Avoyelles Parish School Board.
November 4.2% Nov. YoY -1.9% Nov. YTD 4.7% November
2016 2017 2018 2019 2020 November $ 283,510 $ 263,934 $ 252,683 $ 344,537 $ 338,066 October $ 237,464 $ 232,828 $ 238,948 $ 261,340 $ 324,326 % Chg over Prev Month 19.39% 13.36% 5.75% 31.83% 4.24% % Chg over Prev Year -6.91% -4.26% 36.35% -1.88% YTD (Jan - Nov) $3,065,208 $3,048,800 $2,921,855 $3,129,071 $3,275,779 % Chg over Prev YTD -0.54% -4.16% 7.09% 4.69%
CATAHOULA SALES TAX
Catahoula Parish total sales tax revenue for November with previous month, year, and year-todate comparisons.
Note: November sales tax revenue reflects sales activity in October.
Data Source: Catahoula Parish Tax Administrator
November -24.3% Nov. YoY 16.1% Nov. YTD 3.5% November
2017 2018 2019 2020 November $ 428,928 $ 457,913 $ 353,919 $ 410,962 October $ 503,974 $ 494,056 $ 528,402 $ 542,915 % Chg over Prev Month -14.9% -7.3% -33.0% -24.3% % Chg over Prev Year 6.8% -22.7% 16.1% YTD (Jan - Nov) $ 5,591,547 $ 5,338,670 $ 5,169,461 $ 5,348,653 % Chg over Prev YTD -4.5% -3.2% 3.5%
CONCORDIA SALES TAX
Concordia Parish total sales tax revenue for November with previous month, year, and year-todate comparisons.
Note: November sales tax revenue reflects sales activity in October.
Data Source: Concordia Parish Tax Administrator
November -19.2% Nov. YoY 6.3% Nov. YTD -1.3% November
2017 2018 2019 2020 November $ 957,625 $ 1,048,864 $ 944,540 $ 1,004,142 October $ 1,065,003 $ 978,053 $ 1,293,099 $ 1,242,516 % Chg over Prev Month -10.1% 7.2% -27.0% -19.2% % Chg over Prev Year 9.5% -9.9% 6.3% YTD (Jan - Oct) $ 10,929,958 $ 11,240,737 $ 12,219,551 $ 12,063,919 % Chg over Prev YTD 2.8% 8.7% -1.3%
EVANGELINE SALES TAX
Evangeline Parish total sales tax revenue for November with previous month, year and YTD comparisons.
Note: November sales tax revenue reflects sales activity in October.
Data Source: Evangeline Parish Sales Tax Commissioner.
2016 2017 2018 2019 2020 November $ 1,519,698 $ 1,519,480 $ 1,488,901 $ 1,976,232 $ 1,771,601 October $ 1,544,355 $ 1,539,965 $ 1,458,546 $ 1,635,286 $ 1,798,781 % Chg over Prev Mo -1.3% 2.1% 20.8% -1.5% % Chg over Prev Yr 0.0% -2.0% 32.7% -10.4% YTD (Jan - Nov) $15,088,654 $ 15,397,114 $15,091,814 $16,117,753 $16,406,862 % Chg over Prev YTD 2.0% -2.0% 6.8% 1.8% November -1.5% Nov. YoY -10.4% Nov. YTD 1.8% November
EVANGELINE VEHICLE SALES TAX
Evangeline Parish vehicle sales tax revenue for November with previous month, year and YTD comparisons.
Note: November sales tax revenue reflects sales activity in October.
Data Source: Evangeline Parish Sales Tax Commissioner.
2016 2017 2018 2019 2020 November $ 311,061 $ 267,499 $ 295,869 $ 330,988 $ 339,180 October $ 317,897 $ 268,989 $ 253,898 $ 285,082 $ 341,620 % Chg over Prev Month -0.6% 16.5% 16.1% -0.7% % Chg over Prev Year -14.0% 10.6% 11.9% 2.5% YTD (Jan – Nov) $ 2,873,746 $ 2,925,486 $ 2,847,535 $ 3,073,688 $ 3,249,810 % Chg over Prev YTD 1.8% -2.7% 7.9% 5.7% November -0.7% Nov. YoY 2.5% Nov. YTD 5.7% November
LA SALLE SALES TAX
La Salle Parish total sales tax revenue for November with previous month, year, and year-todate comparisons.
Note: November sales tax revenue reflects sales activity in October.
Data Source: La Salle Parish Tax Administrator
November -10.8% Nov. YoY 5.0% Nov. YTD -11.1% November
2017 2018 2019 2020 November $ 1,466,792 $ 960,470 $ 775,187 $ 814,227 October $ 740,764 $ 2,112,898 $ 928,034 $ 912,346 % Chg over Prev Month 98.0% -54.5% -16.5% -10.8% % Chg over Prev Year -34.5% -19.3% 5.0% YTD (Jan - Nov) $ 8,536,163 $ 9,875,821 $ 10,714,139 $ 9,521,246 % Chg over Prev YTD 15.7% 8.5% -11.1%
PINEVILLE SALES TAX
(TR) Pineville sales tax revenue for November with previous month, year, and YTD comparisons.
(BR) Pineville monthly sales tax revenue from 2019 to present.
Note: November sales tax revenue reflects sales activity in October.
0.6 0.7 0.8 0.9 1.0 1.1 1.2 1.3 Millions Pineville Sales Tax Revenue 2019-2020 2019 2020
Data Source: Rapides Parish
November -10.3% Nov. YoY 23.9% Nov. YTD 15.6% 2017 2018 2019 2020 November $ 784,043 $ 783,455 $ 881,728 $ 1,092,633 October $ 874,695 $ 831,588 $ 968,213 $ 1,218,365 % Chg over Prev Month -10.4% -5.8% -8.9% -10.3% % Chg over Prev Year -0.1% 12.5% 23.9% YTD (Jan - Nov) $ 9,634,058 $ 9,569,170 $ 9,914,723 $ 11,460,416 % Chg over Prev YTD -0.7% 3.6% 15.6% November
Police Jury Treasurer’s Reports.
RAPIDES OCCUPATIONAL LICENSES
Rapides Parish occupational license revenue YTD (January – November) with previous YTD comparisons.
Note: November occupational license revenue reflects licenses issued in October.
Data Source: Rapides Parish Police Jury Treasurer’s Reports.
Rapides -5.1% Alexandria 0.9% Pineville 8.4%
Other 3.2% Total 0.8% 2017 2018 2019 2020 Parish $ 653,597 $ 636,527 $ 661,960 $ 628,371 % Chg over Prev YTD -2.6% 4.0% -5.1% Alexandria $ 2,067,498 $ 2,036,359 $ 2,014,268 $ 2,032,013 % Chg over Prev YTD -1.5% -1.1% 0.9% Pineville $ 421,454 $ 419,470 $ 446,840 $ 484,559 % Chg over Prev YTD -0.5% 6.5% 8.4% Other $ 140,182 $ 144,383 $ 150,199 $ 155,037 % Chg over Prev YTD 3.0% 4.0% 3.2% Total $ 3,282,731 $ 3,236,739 $ 3,273,267 $ 3,299,980 % Chg over Prev YTD -1.4% 1.1% 0.8%
November Year-to-Date
RAPIDES SALES TAX
(TR) Rapides Parish total sales tax revenue for November with previous month, year, and YTD comparisons.
(BR) Rapides Parish total monthly sales tax revenue from 2019 to present.
Note: November sales tax revenue reflects sales activity in October.
Data Source: Rapides Parish Police Jury Treasurer’s Reports.
$9 $10 $11 $12 $13 $14 $15 $16 Millions Rapides Parish Total Sales Tax Revenue 2019 - 2020 2019 2020
November -17.0% Nov. YoY 23.7% Nov. YTD 6.7% November
2017 2018 2019 2020 November $ 10,274,973 $ 10,345,035 $ 10,020,103 $ 12,392,688 October $ 11,241,207 $ 10,950,642 $ 11,972,707 $ 14,925,550 % Chg over Prev Month -8.6% -5.5% -16.3% -17.0% % Chg over Prev Year 0.7% -3.1% 23.7% YTD (Jan - Nov) $ 120,273,440 $ 121,995,057 $ 125,054,207 $ 133,385,347 % Chg over Prev YTD 1.4% 2.5% 6.7%
ST. LANDRY SALES TAX
St. Landry Parish sales tax revenue for November with previous month, year, and YTD comparisons.
Note: November sales tax revenue reflects sales activity in October.
Data Source: Tax revenue data from St. Landry Parish School Board.
November -8.8% Nov. YoY 31.5% Nov. YTD 11.4% November
2017 2018 2019 2020 November $ 4,995,309 $ 5,469,251 $ 5,187,307 $ 6,821,590 October $ 5,584,706 $ 5,781,910 $ 6,060,417 $ 7,481,386 % Chg over Prev Month -10.6% -5.4% -14.4% -8.8% % Chg over Prev Year 9.5% -5.2% 31.5% YTD (Jan - Nov) $61,124,611 $63,467,940 $64,249,181 $71,599,254 % Chg over Prev YTD 3.8% 1.2% 11.4%
ST. LANDRY VEHICLE SALES TAX
St. Landry Parish vehicle sales tax revenue for November with previous month, year, and YTD comparisons.
Note: November sales tax revenue reflects sales activity in October.
Data Source: Tax revenue data from St. Landry Parish School Board.
November -2.5% Nov. YoY 2.7% Nov. YTD 1.0% November
2017 2018 2019 2020 November $ 802,121 $ 794,158 $ 892,917 $ 917,278 October $ 778,520 $ 733,822 $ 863,699 $ 940,400 % Chg over Prev Month 3.0% 8.2% 3.4% -2.5% % Chg over Prev Year -1.0% 12.4% 2.7% YTD (Jan - Nov) $ 8,904,276 $ 8,735,857 $ 9,178,512 $ 9,269,773 % Chg over Prev YTD -1.9% 5.1% 1.0%
BUILDING PERMITS
ALLEN PARISH PERMIT VALUATIONS
This chart shows the valuation of permits issued by Rapides Area Planning Commission in Allen Parish in November between 2017-2020 with monthto-month, year-to-year, and year-to-date comparisons.
Data Source: Rapides Area Planning Commission, November 2020.
November 123% Nov. YoY 60.1% Nov. YTD -25.0% November 2017 2018 2019 2020 November $ - $ 144,963 $ 210,000 $ 336,289 October $ 227,042 $ 32,000 $2,304,750 $ 150,748 % Chg Prev Month -100.0% 353.0% -90.9% 123.1% % Chg from Prev Year n/a 44.9% 60.1% YTD (Jan - Nov) $2,834,406 $3,703,633 $6,341,291 $4,753,940 % Chg over Prev YTD 30.7% 71.2% -25.0%
AVOYELLES PARISH PERMIT VALUATIONS
This chart shows the valuation of permits issued by Rapides Area Planning Commission in Avoyelles Parish in November between 2019-2020 with month-tomonth, year-to-year, and year-to-date comparisons.
Data Source: Rapides Area Planning Commission, November 2020.
November 67.3 % Nov. YoY 282% Nov. YTD 4.8% November 2019 2020 November $ 2,573,451 $ 9,846,941 October $ 6,217,797 $ 5,886,506 % Chg Prev Month -58.6% 67.3% % Chg from Prev Year 282.6% YTD (Jan - Nov) $ 49,680,819 $ 52,041,742 % Chg over Prev YTD 4.8%
EVANGELINE PARISH PERMIT VALUATIONS
This chart shows the valuation of permits issued by Rapides Area Planning Commission in Evangeline Parish in November between 2017-2020 with month-tomonth, year-to-year, and year-to-date comparisons.
Data Source: Rapides Area Planning Commission, November 2020.
November 154% Nov. YoY -37.8% Nov. YTD -31.5% November 2017 2018 2019 2020 November $ 1,055,392 $ 912,000 $ 2,202,228 $ 1,370,852 October $ 531,885 $ 311,772 $ 1,508,050 $ 539,817 % Chg Prev Month 98.4% 192.5% 46.0% 153.9% % Chg from Prev Year -13.6% 141.5% -37.8% YTD (Jan - Nov) $19,632,246 $11,380,925 $ 18,318,169 $12,542,860 % Chg over Prev YTD -42.0% 61.0% -31.5%
PINEVILLE PERMIT VALUATIONS
This chart shows the valuation of permits issued by Rapides Area Planning Commission in the City of Pineville in November between 2017-2020 with month-to-month, year-to-year, and year-to-date comparisons.
Data Source: Rapides Area Planning Commission, November 2020.
November -91.7% Nov. YoY -70.8% Nov. YTD -15.7% November 2017 2018 2019 2020 November $ 496,150 $ 548,000 $ 571,775 $ 167,000 October $ 334,950 $ 365,944 $ 598,000 $ 2,006,320 % Chg Prev Month 48.1% 49.7% -4.4% -91.7% % Chg from Prev Year 10.5% 4.3% -70.8% YTD (Jan - Nov) $10,876,293 $9,362,091 $19,625,856 $16,554,223 % Chg over Prev YTD -13.9% 109.6% -15.7%
RAPIDES PARISH PERMIT VALUATIONS
This charts shows the valuation of permits issued by Rapides Area Planning Commission in Rapides Parish (excluding Alexandria) in November between 2017-2020 with month-to-month, year-to-year, and year-to-date comparisons.
Data Source: Rapides Area Planning Commission, November 2020.
November -24% Nov. YoY -58% Nov. YTD -37% November 2017 2018 2019 2020 November $ 3,209,037 $ 2,267,460 $ 8,121,040 $ 3,446,890 October $ 6,941,709 $ 5,087,287 $ 4,776,133 $ 4,530,724 % Chg Prev Month -53.8% -55.4% 70.0% -23.9% % Chg from Prev Year -29.3% 258.2% -57.6% YTD (Jan - Nov) $51,383,226 $39,080,656 $71,184,128 $44,984,871 % Chg over Prev YTD -23.9% 82.1% -36.8%
RESIDENTIAL CONSTRUCTION PERMITS BY AREA
New residential construction permit valuation (estimated development cost) issued by Rapides Area Planning Commission by jurisdiction in November 2020 compared to November 2019.
Valuation of New Residential Construction
November 2019 vs November 2020
Note: City of Alexandria permits are accounted for separately.
Data Source: Rapides Area Planning Commission, November 2020.
Year-over-year value of residential construction in the RAPC jurisdiction. -35% Nov-19 Nov-20 Change % Change Allen $ 200,000 $ 336,289 $ 136,289 68% Avoyelles $ 599,000 $ 658,587 $ 59,587 10% Pineville $ 560,775 $ - $ (560,775) -100% Evangeline $ 2,120,228 $ 895,352 $ (1,224,876) -58% LaSalle $ - $ - $ - n/a Rapides $ 1,999,240 $ 1,670,000 $ (329,240) -16%
ALEXANDRIA COMMERCIAL PERMITS
The valuation (estimated development cost) of new commercial construction permits issued by the City of Alexandria in November 2020 with previous month, year, and YTD comparisons.
Data Source: City of Alexandria Planning Division. December 10, 2020 November 44% Nov. YoY 157% Nov. YTD -46% November 2018 2019 2020 November $ 7,723,169 $ 1,226,520 $ 3,149,812 October $ 4,619,809 $ 4,389,694 $ 2,187,474 % Chg over Prev Month 67.2% -72.1% 44.0% % Chg over Prev Year -84.1% 156.8% YTD (Jan - Nov) $ 45,458,108 $ 45,626,365 $ 24,823,824 % Chg over Prev YTD 0.4% -45.6%
ALEXANDRIA RESIDENTIAL PERMITS
The valuation (estimated development cost) of new residential construction permits issued by the City of Alexandria in November 2020 with previous month, year, and YTD comparisons.
Data Source: City of Alexandria Planning Division. December 10, 2020 November -44% Nov. YoY 19% Nov. YTD -30% November 2018 2019 2020 November 45,917,143 $ 853,447 $ 1,011,285 October 3,676,054 $ 2,338,050 $ 1,797,036 % Chg over Prev Month 1149.1% -63.5% -43.7% % Chg over Prev Year -98.1% 18.5% YTD (Jan - Nov) 74,687,160 $ 20,554,973 $ 14,305,919 % Chg over Prev YTD -72.5% -30.4%
HOUSING
ALEXANDRIA ACTIVE LISTINGS
The count of active single-family and condo/townhome listings for Alexandria MSA (excludes pending listings) for November 2017-2020 with month-to-month and year-over-year comparisons.
Active listings decreased 45% November 2019.
Data Source: Realtor.com. Retrieved from FRED, Federal Reserve Bank of St. Louis. December 4, 2020 November 0.8% Nov. YoY -45.4% 2017 2018 2019 2020 November 480 520 449 245 October 469 520 485 243 % Chg Prev Month 2.3% 0.0% -7.4% 0.8% % Chg from Prev Year 8.3% -13.7% -45.4% November
200 250 300 350 400 450 500 550 600 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 - November 2020
ALEXANDRIA PENDING LISTINGS
The count of pending single-family and condo/townhome listings for Alexandria MSA for November 2017-2020 with month-tomonth and year-over-year comparisons.
Pending Listing Count in Alexandria July 2016 - November 2020
Pending listings increased 26% since November 2019, from 153 to 192.
Source: Realtor.com. Retrieved from FRED, Federal Reserve Bank of St. Louis. December 4, 2020 November -9.9% Nov. YoY 25.5% 2017 2018 2019 2020 November 136 129 153 192 October 139 132 153 213 % Chg Prev Month -2.2% -2.3% 0.0% -9.9% % Chg from Prev Year -5.1% 18.6% 25.5% November
Data
0 50 100 150 200 250 300 2016-07-01 2017-07-01 2018-07-01 2019-07-01 2020-07-01
ALEXANDRIA MEDIAN DAYS ON MARKET
The median number of days property listings spend on the market in Alexandria MSA for November 2017-2020 with month-to-month and year-over-year comparisons.
Median days on the market decreased 10% since November 2019, but are up 12% for the month.
Data Source: Realtor.com. Retrieved from FRED, Federal Reserve Bank of St. Louis. December 4, 2020 November 12.2% Nov. YoY -9.8% 2017 2018 2019 2020 November 90 94 92 83 October 88 96 89 74 % Chg Prev Month 2.3% -2.1% 3.4% 12.2% % Chg from Prev Year 5.0% -2.1% -9.8% November
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 - November 2020
ALEXANDRIA MEDIAN LISTING PRICE
The median listing price of houses in Alexandria MSA for November 2017-2020 with month-to-month and year-over-year comparisons.
The median listing price increased 23% since November 2019 from $180,050 to $221,800, but fell 4.4% since last month.
Data Source: Realtor.com. Retrieved from FRED, Federal Reserve Bank of St. Louis. December 4, 2020 November -4.4% Nov. YoY 23.2% 2017 2018 2019 2020 November $ 181,550 $ 175,050 $ 180,050 $ 221,800 October $ 180,750 $ 179,750 $ 183,300 $ 231,950 % Chg Prev Month 0.4% -2.6% -1.8% -4.4% % Chg from Prev Year -3.6% 2.9% 23.2% November
$170,000 $180,000 $190,000 $200,000 $210,000 $220,000 $230,000 $240,000 2016-07-01 2017-07-01 2018-07-01 2019-07-01 2020-07-01 Median Listing Price in Alexandria July 2016 - November 2020
ALEXANDRIA AVERAGE LISTING PRICE
The average listing price of houses in Alexandria MSA for November 2017-2020 with month-to-month and year-over-year comparisons.
The average listing price increased 25% since November 2019 from $216,945 to $270,621, but fell 3% since last month.
Data Source: Realtor.com. Retrieved from FRED, Federal Reserve Bank of St. Louis. December 4, 2020 November -2.9% Nov. YoY 24.7% 2017 2018 2019 2020 November $ 239,714 $ 216,945 $ 216,945 $ 270,621 October $ 241,645 $ 223,518 $ 228,074 $ 278,763 % Chg Prev Month -0.8% -2.9% -4.9% -2.9% % Chg from Prev Year -9.5% 0.0% 24.7% November
$200,000 $210,000 $220,000 $230,000 $240,000 $250,000 $260,000 $270,000 $280,000 $290,000 2016-07-01 2017-07-01 2018-07-01 2019-07-01 2020-07-01 Average Listing Price in Alexandria July 2016 - November 2020
MORTGAGE DELINQUENCIES IN LOUISIANA
This chart represents non-current mortgages (delinquencies) in Louisiana and the U.S. during 2020.
Non-Current
Mortgages in Louisiana
12%
10%
8%
U.S. 6.4% LA 11.0% 10.9% 11.8% 11.7% 10.8% 11.3% 11.2% 11.0% 3.2% 3.3% 3.4%
Louisiana’s 11.04% Noncurrent mortgage delinquency rates in October is 43% higher than a year ago. The delinquency rate peaked at 30% in October 2005 following Hurricane Katrina. 6.5%
6%
4%
2%
2020 Louisiana U.S.
7.8% 7.6% 6.9% 6.9% 6.7% 6.4% 0%
14% January-20 March-20 May-20 July-20 September-20
Data Source: Mortgage Monitor Reports October 2019 – October 2020, Black Knight Financial Technology Solutions, December 5, 2020.
Delinquency Rate in October 7.2% 7.2% 7.5%
TRAVEL
AVOYELLES HOTEL OCCUPANCY TAX
Avoyelles Parish hotel occupancy tax revenue for November with previous month, year, and year-to-date comparisons.
Note: November tax revenue reflects hotel occupancy activity in October.
Data Source: Avoyelles Parish School Board. November 2020.
November 0.01% Nov. YoY 66.4% Nov. YTD -6.1% November 2016 2017 2018 2019 2020 November $ 11,217 $ 11,197 $ 9,630 $ 9,664 $ 16,076 October $ 11,048 $ 12,713 $ 10,427 $ 11,191 $ 16,075 % Chg over Prev Month 1.52% -11.92% -7.65% -13.65% 0.01% % Chg over Prev Year -0.17% -13.99% 0.35% 66.35% YTD (Jan - Nov) 116,179 127,746 122,383 124,126 116,558 % Chg over Prev YTD 9.96% -4.20% 1.42% -6.10%
RAPIDES HOTEL OCCUPANCY TAX
Rapides Parish hotel occupancy tax revenue for November 2020 with previous month, year, and YTD comparisons.
Note: November tax revenue reflects hotel occupancy activity in October.
Data Source: Rapides Parish Police Jury Treasurer’s Reports, November 2020.
November -7.7% Nov YoY 57.9% Nov YTD -5.6% 2017 2018 2019 2020 November $ 167,996 $ 160,901 $ 173,028 $ 273,269 October $ 176,346 $ 150,152 $ 146,583 $ 296,043 % Chg over Prev Month -4.7% 7.2% 18.0% -7.7% % Chg over Prev Year -4.2% 7.5% 57.9% YTD (Jan - Nov) $ 1,723,572 $1,719,438 $1,792,876 $1,691,682 % Chg over Prev YTD -0.2% 4.3% -5.6% November
PASSENGER TRAFFIC AT LOUISIANA AIRPORTS
This chart shows total passenger throughput at Louisiana airports and nationwide in November 2020 as a percent of traffic a year ago.
Passenger Throughput as a Percent a Year Ago
AEX vs Nationwide (November 2020)
In November, AEX (black line) ranked first in the state in percentage of 2019 passenger traffic at 76% of last year’s level.
Data Source: Alexandria International Airport, December 10, 2020
0% 20% 40% 60% 80% 100% 120% 140% 160% 180% 11/1/2020 11/2/2020 11/3/2020 11/4/2020 11/5/2020 11/6/2020 11/7/2020 11/8/2020 11/9/2020 11/10/2020 11/11/2020 11/12/2020 11/13/2020 11/14/2020 11/15/2020 11/16/2020 11/17/2020 11/18/2020 11/19/2020 11/20/2020 11/21/2020 11/22/2020 11/23/2020 11/24/2020 11/25/2020 11/26/2020 11/27/2020 11/28/2020 11/29/2020 11/30/2020
US AEX MSY BTR LCH LFT MLU SHV
Airport % of 2019 Traffic US 35% AEX 76% MSY 36% BTR 46% LCH 33% LFT 55% MLU 57% SHV 50%
PASSENGER TRAFFIC AT AEX HUBS
This chart shows total passenger traffic at Alexandria International hubs in October 2020 relative to traffic a year ago.
Hubs
October 2020 vs October 2019
In October, Houston (IAH) was 60% below its 2019 traffic count, compared to 40% for Dallas-FW (DFW) and 63% for Atlanta (ATL).
AEX ranked 221 among 780 U.S. airports in passenger traffic for the 12 months ending in August 2020.
Data Source: IAH, DFW, and ATL websites & Bureau of Transportation Statistics, December 5, 2020
1.53 3.82 3.59 3.79 6.38 9.512 4 6 8 10
Houston (IAH)
Millions
Dallas-FW (DFW) Atlanta (ATL)
Passenger Traffic at AEX Connecting
Oct-20 Oct-19
AIR TRAVELER STATS
Nationwide daily percentage of passengers passing through TSA checkpoints in 2020 expressed as a percentage of 2019 traffic.
TSA Airport Total Traveler Throughput in 2020 as a Percent 2019 Traffic
Nationwide air passenger traffic in November was 37% of last year’s level, compared to 35% in October.
Passenger traffic hit a new pandemic high at 45% of 2019 levels during Thanksgiving.
Data Source: DHS, Transportation Security Administration, https://www.tsa.gov/coronavirus/passenger-throughput,
December 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 10/1/2020 11/1/2020
Passengers
LOCAL & LOUISIANA
ALL CONSUMER SPENDING IN CENLA
The table and chart represents the percent change in average consumer credit and debit card spending in Cenla as of November 22, 2020 with January 2020 as the baseline, while the chart represents Rapides.
Data Source: Opportunity Insights Economic Tracker, https://www.tracktherecovery.org/. Data Source: Affinity Solutions. Retrieved December 5, 2020. Catahoula 9.2% Evangeline -13.8% Grant 12.1% LaSalle -7.5% Rapides -1.6% St. Landry -9.3% Louisiana 4.9%
SMALL BUSINESS REVENUE IN LOUISIANA
The chart below represents the percent change in small business revenue in Louisiana and the U.S. as of November 25, 2020 with January 2020 as the baseline. The table shows the percentage change for small business revenue by industry.
Source:
Insights Economic
https://www.tracktherecovery.org/ Date Source: Womply. Retrieved December 5,
Industry % Change Education & Health Services -31% Retail -27% Leisure & Hospitality Professional -67% -29%
Opportunity
Tracker,
2020.
TIME SPENT SHOPPING AND DINING IN RAPIDES
The charts represent the percent of time spent at grocery and retail / restaurant locations in Rapides Parish compared with the state as of November 29, 2020 with January 2020 as the baseline.
Rapides consumers spent more time retail shopping and dining than the statewide average, -10.9% compared to -16.6% statewide. Likewise, consumers in Rapides outpaced the state in total time in grocery stores, +1.7% compared to -4.4%.
Source: Opportunity Insights Economic Tracker, https://www.tracktherecovery.org/ Date Source: Womply. Retrieved December 5, 2020.
TIME SPENT AT WORK AND HOME IN RAPIDES
The charts represent the percent of time spent at work and away from home in Rapides Parish as compared with the state as of November 29, 2020 with January 2020 as the baseline.
Employees in Rapides spent more time at work than the state average, although down -18.1% from January compared to -24.6% statewide. On the other hand, individuals in Rapides spent less time away from home than the statewide average.
Source: Opportunity Insights Economic
https://www.tracktherecovery.org/
Source:
December
Tracker,
Date
Womply. Retrieved
5, 2020.
Hurricane Laura
LOUISIANA BUSINESS FORMATION
Weekly business applications in Louisiana in 2019 and 2020 through November 30.
Business Applications in Louisiana 2019 vs 2020
Year-to-date through November 30, 2020, 78,480 business applications have been filed in Louisiana, compared to 50,830 for the same period in 2019, representing a 54% increase.
0 500 1000 1500 2000 2500 3000 3500 4000 Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Week 7 Week 8 Week 9 Week 10 Week 11 Week 12 Week 13 Week 14 Week 15 Week 16 Week 17 Week 18 Week 19 Week 20 Week 21 Week 22 Week 23 Week 24 Week 25 Week 26 Week 27 Week 28 Week 29 Week 30 Week 31 Week 32 Week 33 Week 34 Week 35 Week 36 Week 37 Week 38 Week 39 Week 40 Week 41 Week 42 Week 43 Week 44 Week 45 Week 46 Week 47 Week 48
Data Source: Business Formation Statistics, U.S. Census Bureau, https://www.census.gov/econ/bfs/index.html, December 5, 2020
2019 2020
COINCIDENT ECONOMIC ACTIVITY INDEX
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 since October 2019.
• Index for September was revised up for a 0.67% increase over August and October shows a 0.26% increase over September. However, the index remains 5.5% below the October 2019 level.
Data Source: FRED Economic Data, Federal Reserve Bank of St. Louis, December 2, 2020. https://fred.stlouisfed.org/series/LAPHCI
109.7 109.9 109.9 110.1 110.4 108.5 95.6 95.3 99.4 100.9 102.8 103.5 103.7 85 90 95 100 105 110 115 2019-10-01 2019-12-01 2020-02-01 2020-04-01 2020-06-01 2020-08-01 2020-10-01 Index
October 2019 - October 2020
Coincident Economic Activity Index for Louisiana
LOUISIANA GASOLINE SALES
Total gasoline sales in Louisiana since 2019.
In September 2020, Louisiana gasoline sales fell 4.9% from August 2020 and are 1.9% below September 2019.
Year-to-date gasoline sales are down 6.4% in 2020 compared to 2019.
Data Source: U.S. Energy Information Administration, December 2, 2020
4,000 5,000 6,000 7,000 8,000 Thousands of Gallons / Day
2019 2020
Gasoline Sales in Louisiana
BAKER HUGHES RIG COUNT
Exploration
count in Louisiana remains unchanged in October. However, the
count nationwide is up 11% over
Source: Baker Hughes, https://rigcount.bakerhughes.com/na-rig-count, December 5, 2020
oil
natural gas
Louisiana and the U.S.
Represents the number of drilling rigs actively exploring for or developing
or
in
Nov 19 Oct 20 Nov 20 N. LA-Land 32 25 26 S. LA –Int’l Water 0 1 1 S. LA-Land 2 1 0 S. LA-Offshore 22 12 11 TOTAL LOUISIANA 56 38 38 TOTAL US 810 280 311
October. 0 10 20 30 40 50 60 70 0 100 200 300 400 500 600 700 800 900 3-Jan 3-Feb 3-Mar 3-Apr 3-May 3-Jun 3-Jul 3-Aug 3-Sep 3-Oct 3-Nov 3-Dec Louisiana Rig Count US Rig Count
Count in Louisiana & US 2020
rig
rig
Rig
LOUISIANA GAMING REVENUE
Gaming revenue in Louisiana for October 2020 with previous month and year comparisons.
Data Source: Louisiana Gaming Control Board, December 2 2020. http://lgcb.dps.louisiana.gov/revenue_reports.html
October 14.6% October 2020 October YoY -13.7% 19-Oct 20-Sep 20-Oct % Change MoM % Change YoY Video Poker $54,451,586 $54,451,586 $54,620,544 0.3% 0.3% Riverboat $136,861,426 $94,344,809 $115,637,529 22.6% -15.5% Landbased $22,902,757 $13,747,783 $13,913,855 1.2% -39.2% Slots $25,458,793 $17,946,800 $22,712,822 26.6% -10.8% Total $239,674,562 $180,490,978 $206,884,750 14.6% -13.7%
NATIONAL
NATIONAL ECONOMIC INDICATORS
Monthly U.S. economic indicators for October 2020.
Data Source: U.S. Census, https://www.census.gov/economic-indicators/, December 10, 2020.
Indicator Sep-20 Oct-20 Monthly Wholesale Trade 0.9% 1.1 Manufacturers Shipments, Inventories, and Orders 1.3% 1.0% Construction Spending -0.5% 1.3% Advance Monthly Wholesale Inventories 0.7% 0.9% Advance Monthly Retail Inventories 1.7% 0.8% Advance Durable Goods Manf. Shipments, Inventories, and Orders 2.1% 1.3% New Residential Sales 0.1% -0.3% New Residential Construction 6.3% 4.9% Advance Monthly Sales for Retail and Food Services 1.6% 0.3% Durable Goods 1.3% Residential Sales -0.3% Residential Construction 4.9%
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 Tax Administrator
• Alexandria International Airport
• Rapides Area Planning Commission
• City of Alexandria Planning Division
• Louisiana Office of Public Health, Region 6
THANK YOU
Also, special thanks to the following partners for distributing the dashboard.
Next Issue: Week of Jan. 11th
• LSUA Foundation
• Central Louisiana Regional Chamber of Commerce
• Marksville Chamber of Commerce
• Bunkie Chamber of Commerce
• Evangeline Chamber of Commerce
• St. Landry Chamber of Commerce
Current and past issues of the CENLA Economic Dashboard can be found at http://www.lsua.edu/coronavirus/cenla-economic-dashboard/