CENLA ECONOMIC DASHBOARD
May 17, 2021.
Dr.RandallDupont Dean,CollegeofBusinessLouisianaStateUniversityofAlexandria
rdupont@lsua.edu
KEYFINDINGS
May 17, 2021 CENLA Economic Dashboard
COVID-19
• Natchitoches and Rapides have the highest percentage of completed vaccinations in Region 6 at 25% each, up from 15% and 17%, respectively, a month ago. However, Region 6 has the second lowest vaccination rate in the state with 21% of the population vaccinated, up from 14% in April.
EMPLOYMENT
• In March 2021, 60,487 were employed in the Alexandria MSAcompared to 59,483 in February, a 1.7% increase. Since the pandemic started, employment bottomed at 55,588 in May 2020 and peaked at 61,615 in November 2020.
• Statewide average weekly initial unemployment claims filed inApril rose to 9,519 from 8,418 in March, a 13% increase, while statewide average weekly continued unemployment claims in filed inApril rose to 50,446 from 44,514 in March, a 13% increase.
• In CENLA, average weekly initial unemployment claims in central Louisiana rose to 522 in April from 401in March, a 30% increase, while average weekly continued unemployment claims in central Louisiana rose to 3,046 in April from 2,932 in March, a 4% increase.
• Louisiana’s unemployment rate fell 0.5% in March to 6.6% from 7.1% in February and 7.6% in January.
• In March, parishes in central Louisiana had an average unemployment rate of 5.6% compared to 6.6% statewide.
• At 3.4%, La Salle Parish had the lowest unemployment rate in the state, while Rapides had the 9th lowest at 4.4%.
• At 4.4%, the Alexandria MSA had the lowest unemployment rate among the state’s major metro areas for the eleventh straight month, falling 0.3% since February.
• Alexandria metro area continues to have the tightest labor market in the state with only 0.53 unemployed persons per job opening compared to 1.40 statewide.
TAX REVENUE
• All central Louisiana parishes saw gains in sales tax revenue in March with increases ranging from a 21% to 282%. Yearto-date, all central Louisiana are outperforming the same period in 2020.April tax collections reflect sales activity in March.
• Rapides sales tax revenue is up 46% over February, 45% overApril 2020, and 21% over the first four months of last year.
KEYFINDINGS… continued
May 17, 2021
CENLA Economic Dashboard
• Ball, Boyce, and Woodworth experienced 47%-plus sales tax gains over the previous month.
• Occupational license revenue was 5.3% year-to-date in April over last year, indicating stronger than expected growth in business formation.
• Vehicle sales were strong in central Louisiana except for Avoyelles. Vehicle sales tax revenue was up 30% in Rapides and 55% and 62% respectively in Evangeline and St. Landry. YTD, vehicle sales tax revenue is up in all four parishes between 5 – 33%.
• Online sales tax revenue in central Louisiana increased 18.5% in March over February.
• Since August 2020, $10.4 million in sales tax revenue has been collected from online sales in central Louisiana, with Rapides collecting $3.1 million of that total.
BUILDING PERMITS
• Year-to-date, the value of residential building permits in the Alexandria MSA is up 77% and commercial building permits up 6%.
• Residential construction permits in central Louisiana in April 2021 are up 2% overApril 2020.
HOUSING
• US homeownership rate peaked in 2004 at 69%, while the Louisiana homeownership rate peaked in 2008 at 73.5%. In 2020, Louisiana remained 5.5% below it’s peak compared to 3.4% below nationwide.
• The US Lumber Price Index has risen in 10 of the past 12 month. From April 2020 toApril 2021, the US Lumber Price Index rose from 205 to 388, an 89% increase.
• TheAlexandria real estate market remains strong with active listings down and pending listings up over March. Active listings fell 60% and pending listings rose 53% inApril from a year ago. The number of days a house stayed on the market fell 22% from a year earlier.
TRAVEL
• Hotel occupancy in Rapides andAvoyelles increased over last month and are up for the year. In Rapides, occupancy increased 23% in March compared to February and 119% compared to a year ago.Avoyelles likewise experienced a 2% gain over last month and a 6% gain this year. Hotel occupancy tax revenue is a proxy for the hotel occupancy rate.
KEYFINDINGS… continued
May 17, 2021
CENLA Economic Dashboard
• Average passenger traffic in U.S. increased 13% inApril 2021 from March 2021.
• Nationwide air passenger traffic inApril 2021 was up 9% above March and 1170% from a year ago.
• In February 2021, Louisiana gasoline sales increased 0.9% from January and was -9.3% below February 2020.
• Gasoline sales in Louisiana over the past 12 months are down -8.0% compared to the previous 12 months.
LOCAL& LOUISIANA
• The number of new businesses established in Rapides in April 2021 was 7% higher than March 2021 and 158% over a year ago. Year-to-date new businesses in Rapides are up 30% over 2020.
• Total consumer spending onApril 4, 2021 in Louisiana was up 19% compared to January 2020, with retail spending up 39% while entertainment and recreation spending is down25%. Grocery spending was up 32%, health care up 9%, and restaurants up 4%.
• Consumer spending in Rapides was up 27% in April 2021 over the January 2020 level.
• Small business revenue in Louisiana was down 35% as of April 28, 2021 compared to January 2020 with small business retail down -23%.
• More employees in Cenla are spending time at their workplace. As of May 7th, total time spent at work in Rapides was only 13% below January 2020 levels.
• The Coincident Economic Activity Index for March 2021 increased 0.7% over February 2021, indicating the economic recovery in Louisiana is still expanding although the recovery is slowing.
• ForApril 2021, the Baker Hughes exploration rig count the rig count in Louisiana increased 2% over March 2021, indicating oil and natural gas exploration is still expanding although at a slow rate.
• Gaming revenue in Louisiana increased 51% in March over February and was up 140% compared to the same month a year ago.
COVID-19
COVID-19VACCINATIONS
COVID-19 vaccinations as a percent of region population (left) and statewide (right) as of May 13, 2021.
Source: Louisiana Office of Public Health, https://ldh.la.gov/covidvaccine, May 13, 2021
Region 6 has the second lowest vaccination rate in the state with 21% of the population vaccinated, up from 14% inApril.
COVID-19VACCINATIONSBYPARISH
COVID-19 vaccinations as a percent of parish population as of May 13, 2021.
Natchitoches and Rapides have the highest percentage of completed vaccinations in Region 6 at 25% each, up from 15% and 17%, respectively, a month ago.
Region 1 (New Orleans) and Region 2 (Baton Rouge) have the highest vaccination rates at 37% and 32%, respectively.
Source: Louisiana Office of Public Health, https://ldh.la.gov/covidvaccine, May 13, 2021
COVID-19CASESBYK-12SCHOOLS
Covid-19 cases reported by K-12 schools in Region 6 from May 3 - 9, 2021.
Source: Louisiana Office of Public Health, Region 6 (Central Louisiana), May 13, 2021.
COVID-19CASESBYCOLLECTIONDATE
COVID-19 cases by collection date as of May 13, 2021 in Region 6 with a 7-day moving average.
Source: Louisiana Office of Public Health, Region 6 (Central Louisiana), May 13 2021.
:
COVID-19REGION6CASESBYAGEGROUP
Cases over time by age group in Region 6 through May 13, 2021.
Source: Louisiana Office of Public Health, Region 6 (Central Louisiana), May 13, 2021.
:
COVID-19PERCENTPOSITIVEANDTESTVOLUME
COVID-19 percent positive and test volume in Region 6 as of May 13, 2021.
Source: Louisiana Office of Public Health, Region 6 (Central Louisiana), May 13, 2021..
:
COVID-19CASESSTATEWIDE
COVID-19 cases statewide by age group as of May 13, 2021.
Source: Louisiana Office of Public Health, Region 6 (Central Louisiana), May 13, 2021.
:
COVID-19HOSPITALIZED&VENTILATED
Number of cases hospitalized (green line) and ventilated (yellow line) in Region 6 as of May 13, 2021.
Source: Louisiana Office of Public Health, Region 6 (Central Louisiana), May 13, 2021.
:
COVID-19DEATHSSTATEWIDEBYDATE
COVID-19 deaths by date of death statewide as of May 13, 2021.
Source: Louisiana Office of Public Health, Region 6 (Central Louisiana), May 13, 2021.
:
COVID-19CASES&DEATHSBYAGEGROUP
COVID-19 cases (left) and deaths (right) statewide by age group as of May 13, 2021.
Source: Louisiana Office of Public Health, Region 6 (Central Louisiana), May 13, 2021.
:
EMPLOYMENT
EMPLOYMENTINALEXANDRIAMSA
Employed persons in the Alexandria MSA from 2019 – 2021.
Since the pandemic started, employment bottomed at 55,588 in May 2020 and peaked at 61,615 in November 2020.
In March 2021, 60,487 were employed compared to 59,483 in February, a 1.7% increase.
Source: Louisiana Workforce Commission, May 16, 2021
55,588 61,615 60,487 55,000 56,000 57,000 58,000 59,000 60,000 61,000 62,000 2019-01-01 2019-04-01 2019-07-01 2019-10-01 2020-01-01 2020-04-01 2020-07-01 2020-10-01 2021-01-01
Employed Persons in Alexandria, LA MSA 2019 - 2021
UNEMPLOYMENTCLAIMSINLOUISIANA
Initial and continued unemployment claims in Louisiana from March 14, 2020 through April 24, 2021.
Statewide average weekly initial unemployment claims filed inApril rose to 9,519 from 8,418 in March, a 13% increase.
Statewide average weekly continued unemployment claims in filed inApril rose to 50,446 from 44,514 in March, a 13% increase.
Source: Louisiana Workforce Commission, May 15, 2021
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 3/14/2020 3/28/2020 4/11/2020 4/25/2020 5/9/2020 5/23/2020 6/6/2020 6/20/2020 7/4/2020 7/18/2020 8/1/2020 8/15/2020 8/29/2020 9/12/2020 9/26/2020 10/10/2020 10/24/2020 11/7/2020 11/21/2020 12/5/2020 12/19/2020 1/2/2021 1/16/2021 1/30/2021 2/13/2021 2/27/2021 3/13/2021 3/27/2021 4/10/2021 4/24/2021 Initial Claims Continued Claims
Continued Initial
UNEMPLOYMENTCLAIMSINCENLA
Initial and continued unemployment claims in central Louisiana from March 14, 2020 through April 24, 2021.
Average weekly initial unemployment claims in central Louisiana rose to 522 inApril from 401in March, a 30% increase.
Average weekly continued unemployment claims in central Louisiana rose to 3,046 inApril from 2,932 in March, a 4% increase.
Source: Louisiana Workforce Commission, May 15, 2021
Unemployment Claims in CENLA
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 3/14/2020 3/28/2020 4/11/2020 4/25/2020 5/9/2020 5/23/2020 6/6/2020 6/20/2020 7/4/2020 7/18/2020 8/1/2020 8/15/2020 8/29/2020 9/12/2020 9/26/2020 10/10/2020 10/24/2020 11/7/2020 11/21/2020 12/5/2020 12/19/2020 1/2/2021 1/16/2021 1/30/2021 2/13/2021 2/27/2021 3/13/2021 3/27/2021 4/10/2021 4/24/2021 Initial Claims Continued Claims
Continued Initial
UNEMPLOYMENTRATEBYCENLAPARISH
The table below shows March 2021 preliminary unemployment rate, labor force, and employment data for central Louisiana parishes.
In March, parishes in central Louisiana had an average unemployment rate of 5.6% compared to 6.6% statewide.
At 3.4%, La Salle Parish had the lowest unemployment rate in the state, while Rapides had the 9th lowest at 4.4%.
Data Source: Louisiana Workforce Commission, May 15, 2021.
Area Labor Force Employed Unemployed Unemployment Unemployment Rate Mar 2021 Rate Feb 2021 Allen 8,082 7,565 517 6.4% 6.8 Avoyelles 14,868 14,018 850 5.7% 6.2 Catahoula 3,510 3,311 199 5.7% 6.1 Concordia 6,824 6,385 439 6.4% 6.9 Evangeline 11,803 11,095 708 6.0% 6.5 Grant 8,142 7,799 343 4.2% 4.6 La Salle 6,909 6,674 235 3.4% 3.7 Natchitoches 15,969 15,163 806 5.0% 5.4 Rapides 55,107 52,688 2,419 4.4% 4.8 St. Landry 32,467 30,140 2,327 7.2% 7.7 Vernon 15,428 14,737 691 4.5% 4.9
UNEMPLOYMENTRATEAMONGLAMETROS
The table below shows March 2021 preliminary unemployment rate, labor force, and employment data for Metropolitan Statistical Areas in Louisiana.
At 4.4%, the Alexandria MSA had the lowest unemployment rate among the state’s major metro areas for the eleventh straight month, falling 0.3% since February.
Louisiana’s unemployment rate fell 0.5% in March to 6.6% from 7.1% in February.
Data Source: Louisiana Workforce Commission, May 15, 2021.
Area Unemployment Rate Labor Force Employed Unemployed Louisiana 6.6% 2,059,165 1,923,820 135,345 Alexandria 4.4% 63,249 60,487 2,762 Baton Rouge 5.7% 88,037 83,032 5,005 Hammond 5.8% 417,886 393,769 24,117 Houma-Thibodaux 5.8% 78,280 73,755 4,525 Lafayette 6.0% 210,757 198,053 12,704 Lake Charles 6.3% 182,420 170,884 11,536 Monroe 6.8% 96,632 90,053 6,579 New Orleans-Metairie 7.4% 56,146 51,964 4,182 Shreveport-Bossier City 8.0% 585,169 538,080 47,089
UNEMPLOYEDPERJOBOPENING
The table below shows the number of unemployed, number of advertised jobs online, and the ratio of unemployed to advertised job openings online for Metropolitan Statistical Areas in Louisiana in March 2021.
Alexandria metro area continues to have the tightest labor market in the state with only 0.53 unemployed persons per job opening compared to 1.40 statewide.
Source: Louisiana Workforce Commission, May 15, 2021
Rank Metro Area Unemployed Job Openings Unemployed per Job Opening 1 Alexandria 2,762 5,251 0.53 2 Shreveport-Bossier City 10,694 9,815 1.09 3 Lake Charles 6,579 5,744 1.15 4 Lafayette 7,578 6,099 1.24 5 Monroe 4,525 3,585 1.26 6 New Orleans-Metairie-Kenner 46,285 34,665 1.34 7 Baton Rouge 24,117 17,226 1.40 8 Houma-Bayou Cane-Thibodaux 5,005 2,372 2.11
TAXREVENUE
TAXREVENUEOVERVIEW
An overview of sales, vehicle sales, and hotel occupancy taxes collected in the April 2021 reflecting sales activity in March 2021.
Note: April tax revenue reflects sales activity in March. N/a = Not available
Data Source noted in detailed reports.
Sales Tax M/M Y/Y YTD Vehicle Sales Tax M/M Y/Y YTD Alexandria 50.8% 49.1% 17.7% Avoyelles -25.1% -34.3% 4.6% Avoyelles 84.6% 65.8% 33.2% Evangeline 54.6% 39.6% 19.3% Catahoula 282.7% 230.7% 77.8% Rapides 30.1% 37.4% 32.8% Concordia 58.2% 28.6% 21.2% St. Landry 61.6% 35.6% 8.9% Evangeline 88.1% 67.0% 34.6% La Salle 20.7% -15.5% 5.3% Hotel Occupancy Tax Pineville 45.2% 31.2% 16.5% Avoyelles 1.6% -1.6% 6.1% Rapides 45.6% 45.0% 21.2% Rapides 22.5% 119.1% 13.1% St. Landry 47.2% 29.0% 12.2% April 2021
RAPIDESPARISHTOWNS&CITIES
An overview of sales tax revenue in Rapides Parish other towns and cities in April 2021 (excluding Alexandria and Pineville).
Note: Current tax revenue reflects sales activity in prior month.
April Apr-20 Mar-21 Apr-21 % M/M % Y/Y %YTD Ball $66,761 $61,814 $92,614 49.8% 38.7% 28.5% Boyce $29,778 $70,184 $104,262 48.6% 250.1% 56.7% Cheneyville $3,115 $2,303 $3,393 47.3% 8.9% 126.1% Glenmora $17,070 $20,117 $22,138 10.0% 29.7% -5.9% Lecompte $21,339 $21,512 $28,590 32.9% 34.0% 13.6% Woodworth $30,790 $35,910 $52,922 47.4% 71.9% 16.4% Data Source: Rapides Parish Police Jury Treasurer’s Reports, May 2021. $40 $50 $60 $70 $80 $90 $100 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Thousands Ball 2019 2020 2021 $10 $20 $30 $40 $50 $60 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Thousands Woodworth 2019 2020 2021
ALEXANDRIASALESTAX
(TR) Alexandria total sales tax revenue for April with previous month, year, and YTD comparisons.
(BR) Alexandria total monthly sales tax revenue from 2019 to present.
Note: April sales tax revenue reflects sales activity in March.
Data Source: Rapides Parish Police Jury Treasurer’s Reports, May 2021.
April 50.8% Apr. YoY 49.1% Apr. YTD 17.7% April
2018 2019 2020 2021 April $ 3,753,388 $ 3,652,420 $ 3,071,113 $ 4,579,128 March $ 2,825,913 $ 2,924,815 $ 2,856,685 $ 3,037,395 % Chg over Prev Month 32.8% 24.9% 7.5% 50.8% % Chg over Prev Year -2.7% -15.9% 49.1% YTD (Jan - Apr) $ 13,673,285 $ 13,586,853 $ 13,140,523 $ 15,472,335 % Chg over Prev YTD -0.6% -3.3% 17.7% $$1 $2 $3 $4 $5 Millions Alexandria Sales Tax Revenue 2019-2021 2019 2020 2021
AVOYELLESSALESTAX
Avoyelles Parish total sales tax revenue for April with previous month, year, and year-to-date comparisons. Vehicle and hotel tax revenues are excluded.
Note: March sales tax revenue reflects sales activity in February.
Data Source: Avoyelles Parish School Board. May 2021.
April 84.6% Apr. YoY 65.8% Apr. YTD 33.2% April
2017 2018 2019 2020 2021 April $ 1,588,086 $ 1,610,221 $ 1,695,869 $ 1,580,351 $ 2,619,955 March $ 1,282,540 $ 1,202,024 $ 1,293,507 $ 1,117,939 $ 1,419,160 % Chg over Prev Month 23.8% 34.0% 31.1% 41.4% 84.6% % Chg over Prev Year 1.4% 5.3% -6.8% 65.8% YTD (Jan - Apr) $ 5,767,407 $ 5,687,402 $ 6,063,306 $ 5,758,383 $ 7,671,586 % Chg over Prev YTD -1.4% 6.6% -5.0% 33.2%
AVOYELLESVEHICLESALESTAX
Avoyelles Parish vehicle sales tax revenue for April with previous month, year, and year-to-date comparisons.
Note: April sales tax revenue reflects sales activity in March.
Data Source: Avoyelles Parish School Board. May 2021
April -25.1% Apr. YoY -34.3% Apr. YTD 4.6% April
2017 2018 2019 2020 2021 April $ 362,274 $ 320,682 $ 308,022 $ 296,018 $ 194,612 March $ 220,232 $ 224,927 $ 236,649 $ 243,753 $ 259,727 % Chg over Prev Month 64.5% 42.6% 30.2% 21.4% -25.1% % Chg over Prev Year -11.5% -3.9% -3.9% -34.3% YTD (Jan - Apr) $ 1,134,591 $ 1,012,368 $ 1,024,453 $ 1,082,973 $ 1,132,938 % Chg over Prev YTD -10.8% 1.2% 5.7% 4.6%
CATAHOULASALESTAX
Catahoula Parish total sales tax revenue for April with previous month, year, and year-to-date comparisons.
Note: April sales tax revenue reflects sales activity in March.
Data Source: Catahoula Parish Tax Administrator May 2021
April 282% Apr. YoY 231% Apr. YTD 78% April
2018 2019 2020 2021 April $ 548,127 $ 573,185 $ 537,328 $ 1,777,183 March $ 453,942 $ 418,599 $ 384,586 $ 464,418 % Chg over Prev Month 20.7% 36.9% 39.7% 282.7% % Chg over Prev Year 4.6% -6.3% 230.7% YTD (Jan - Apr) $ 1,956,289 $ 1,931,612 $ 1,893,483 $ 3,366,603 % Chg over Prev YTD -1.3% -2.0% 77.8%
EVANGELINESALESTAX
Evangeline Parish total sales tax revenue for April with previous month, year and YTD comparisons.
Note: May sales tax revenue reflects sales activity in April.
Data Source: Evangeline Parish Sales Tax Commissioner. May 2021
April 88.1% Apr. YoY 67.0% Apr. YTD 34.6% April
2017 2018 2019 2020 2021 April $ 1,950,659 $ 1,724,796 $ 1,790,920 $ 1,760,760 $ 2,940,437 March $ 1,273,408 $ 1,295,041 $ 1,371,683 $ 1,323,124 $ 1,562,969 % Chg over Prev Month 53.2% 33.2% 30.6% 33.1% 88.1% % Chg over Prev Year -11.6% 3.8% -1.7% 67.0% YTD $ 4,610,925 $ 4,317,238 $ 4,584,316 $ 4,541,575 $ 6,111,638 % Chg over Prev YTD -6.4% 6.2% -0.9% 34.6%
EVANGELINEVEHICLESALESTAX
Evangeline Parish vehicle sales tax revenue for April with previous month, year and YTD comparisons.
Note: April sales tax revenue reflects sales activity in March.
Data Source: Evangeline Parish Sales Tax Commissioner. May 2021
April 54.6% Apr. YoY 39.6% Apr. YTD 19.3% April
2017 2018 2019 2020 2021 April $ 390,369 $ 303,078 $ 310,254 $ 303,815 $ 424,161 March $ 258,717 $ 255,084 $ 259,766 $ 261,498 $ 274,428 % Chg over Prev Month 50.9% 18.8% 19.4% 16.2% 54.6% % Chg over Prev Year -22.4% 2.4% -2.1% 39.6% YTD $ 939,319 $ 830,238 $ 917,695 $ 886,190 $ 1,057,116 % Chg over Prev YTD -11.6% 10.5% -3.4% 19.3%
LASALLESALESTAX
La Salle Parish total sales tax revenue for April with previous month, year, and year-to-date comparisons.
Note: April sales tax revenue reflects sales activity in March.
Data Source: La Salle Parish Tax Administrator, May 2021
April 20.7% Apr. YoY -15.5% Apr. YTD 5.3% April
2018 2019 2020 2021 April $ 796,437 $ 1,096,557 $ 1,192,251 $ 1,007,508 March $ 591,632 $ 743,823 $ 721,926 $ 834,953 % Chg over Prev Month 34.6% 47.4% 65.1% 20.7% % Chg over Prev Year 37.7% 8.7% -15.5% YTD (Jan - Apr) $ 2,816,986 $ 3,863,560 $ 3,665,148 $ 3,859,725 % Chg over Prev YTD 37.2% -5.1% 5.3%
CONCORDIASALESTAX
Concordia Parish total sales tax revenue for April with previous month, year, and year-to-date comparisons.
Note: April sales tax revenue reflects sales activity in March.
Data Source: Concordia Parish Tax Administrator. May 2021
April 58.2% Apr. YoY 28.6% Apr. YTD 21.2% April
2018 2019 2020 2021 April $ 1,157,569 $ 1,268,973 $ 1,133,026 $ 1,457,521 March $ 858,418 $ 976,350 $ 849,605 $ 921,494 % Chg over Prev Month 34.8% 30.0% 33.4% 58.2% % Chg over Prev Year 9.6% -10.7% 28.6% YTD (Jan - Apr) $ 3,924,874 $ 4,445,486 $ 4,044,789 $ 4,901,836 % Chg over Prev YTD 13.3% -9.0% 21.2%
PINEVILLESALESTAX
(TR) Pineville sales tax revenue for April with previous month, year, and YTD comparisons.
(BR) Pineville monthly sales tax revenue from 2019 to present.
Note: Current sales tax revenue reflects sales activity in the prior month.
Data Source: Rapides Parish Police Jury Treasurer’s Reports, May 2021.
April 45.2% Apr. YoY 31.2% Apr. YTD 16.5% 2018 2019 2020 2021 April $ 1,148,478 $ 994,888 $ 1,022,196 $ 1,341,110 March $ 806,993 $ 788,435 $ 827,923 $ 923,448 % Chg over Prev Month 42.3% 26.2% 23.5% 45.2% % Chg over Prev Year -13.4% 2.7% 31.2% YTD (Jan - Apr) $ 3,787,178 $ 3,605,910 $ 3,952,811 $ 4,604,295 % Chg over Prev YTD -4.8% 9.6% 16.5% April
0.6 0.8 1.0 1.2 1.4 Millions Pineville
2019-2021 2019 2020 2021
Sales Tax Revenue
RAPIDESOCCUPATIONALLICENSES
Rapides Parish occupational license revenue YTD with previous YTD comparisons.
Note: Rapides Parish reflects unincorporated areas.
Data Source: Rapides Parish Police Jury Treasurer’s Reports, May 2021.
Rapides Parish (rural) 10.9% Alexandria 4.0% Pineville 2.3% April Year-to-Date Other 9.4% Total 5.3% 2018 2019 2020 2021 Parish $ 542,931 $ 548,308 $ 517,232 $ 573,566 1.0% -5.7% 10.9% Alexandria $ 1,753,327 $ 1,688,425 $ 1,689,397 $ 1,757,165 -3.7% 0.1% 4.0% Pineville $ 356,482 $ 367,002 $ 393,652 $ 402,563 3.0% 7.3% 2.3% Other $ 112,341 $ 116,722 $ 117,938 $ 129,045 % Chg over Prev YTD 3.9% 1.0% 9.4% Total $ 2,765,081 $ 2,720,457 $ 2,718,219 $ 2,862,339 % Chg over Prev YTD -1.6% -0.1% 5.3%
RAPIDESSALESTAX
(TR) Rapides Parish sales tax revenue for April with previous month, year, and YTD comparisons.
(BR) Rapides monthly sales tax revenue from 2019 to present. Data Source: Rapides Parish Police Jury Treasurer’s Reports, May 2021.
Note: Current sales tax revenue reflects sales activity in the prior month.
April 45.6% Apr. YoY 45.0% Apr. YTD 21.2% 2018 2019 2020 2021 April $ 12,957,935 $ 12,371,569 $ 11,623,165 $ 16,857,286 March $ 9,721,869 $ 10,050,047 $ 10,102,203 $ 11,580,922 % Chg over Prev Month 33.3% 23.1% 15.1% 45.6% % Chg over Prev Year -4.5% -6.0% 45.0% YTD (Jan - Apr) $ 45,801,028 $ 46,158,982 $ 46,870,722 $ 56,821,287 % Chg over Prev YTD 0.8% 1.5% 21.2% April
$9 $11 $13 $15 $17 $19 Millions Rapides Parish
Tax Revenue 2019 - 2021 2019 2020 2021
Total Sales
RAPIDESVEHICLESALESTAX
Rapides Parish vehicle sales tax revenue for April with previous month, year, and YTD comparisons.
Tax
data
Rapides Parish Police
April 30.1% Apr. YoY 37.4% Apr. YTD 32.8% April 2018 2019 2020 2021 April $ 1,169,513 $ 1,102,630 $ 1,516,978 $ 2,084,759 March $ 901,355 $ 874,535 $ 1,044,076 $ 1,602,680 % Chg over Prev Month 29.8% 26.1% 45.3% 30.1% % Chg over Prev Year -5.7% 37.6% 37.4% YTD (Jan - Apr) $ 4,073,175 $ 3,993,946 $ 4,774,448 $ 6,338,862 % Chg over Prev YTD -1.9% 19.5% 32.8%
Data Source:
revenue
from
Jury Treasurer’s Reports, May 2021.
ST.LANDRYSALESTAX
St. Landry Parish sales tax revenue for April with previous month, year, and YTD comparisons.
Note: April sales tax revenue reflects sales activity in March.
Data Source: Tax revenue data from St. Landry Parish School Board. May 2021
April
2018 2019 2020 2021 April $ 6,783,548 $ 6,311,664 $ 6,520,588 $ 8,410,439 March $ 4,901,561 $ 5,088,409 $ 5,181,543 $ 5,712,925 % Chg over Prev Month 38.4% 24.0% 25.8% 47.2% % Chg over Prev Year -7.0% 3.3% 29.0% YTD (Jan - Apr) $22,965,498 $23,610,202 $25,073,983 $28,126,314 % Chg over Prev YTD 2.8% 6.2% 12.2% April 47.2% Apr. YoY 29.0% Apr. YTD 12.2%
ST.LANDRYVEHICLESALESTAX
St. Landry Parish vehicle sales tax revenue for April with previous month, year, and YTD comparisons.
Note: March sales tax revenue reflects sales activity in February.
Data Source: Tax revenue data from St. Landry Parish School Board. May 2021
April 61.6% Apr. YoY 35.6% Apr. YTD 8.9% April
2018 2019 2020 2021 April $ 879,480 $ 759,076 $ 840,492 $ 1,139,936 March $ 730,772 $ 728,865 $ 706,995 $ 705,239 % Chg over Prev Month 20.3% 4.1% 18.9% 61.6% % Chg over Prev Year -13.7% 10.7% 35.6% YTD (Jan - Apr) $ 3,005,518 $ 2,977,611 $ 3,344,298 $ 3,642,667 % Chg over Prev YTD -0.9% 12.3% 8.9%
REMOTESELLERSTAXREVENUEINCENLA
Remote seller tax revenue is tax revenue from online sales by location of the seller at the time of purchase.
August 2020 - April 2021
SinceAugust 2020, $10.4 million in sales tax revenue has been collected from online sales in central Louisiana.
Online sales tax revenue increased 18.5% inApril over March.
Note: Sales tax revenue collected inApril reflects sales activity in March.
Data Source: Louisiana Sales and Use Tax Commission for Remote Sellers. August 2020 – May 2021
$535,853 $700,022 $274,337 $345,883 $687,656 $400,792 $271,447 $800,337 $3,115,037 $2,019,282 $1,306,224 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000
Allen Avoyelles Catahoula Concordia Evangeline Grant LaSalle Natchitoches Rapides St Landry Vernon
Remote Sellers Sales Tax Collection
REMOTESELLERSTAXREVENUEINCENLA-1
Remote sellers tax revenue is tax revenue from online sales by location of the seller at the time of purchase.
Note: Sales tax revenue collected in one month reflects sales activity in the prior month.
Data Source: Louisiana Sales and Use Tax Commission for Remote Sellers. August 2020 – May 2021
$43,443 $39,092 $44,540 $53,607 $69,016 $86,592 $64,643 $54,538 $80,382 $$20,000 $40,000 $60,000 $80,000 $100,000 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 Allen Parish Remote Sellers Tax Revenue $55,755 $52,967 $62,962 $73,017 $86,472 $101,419 $80,243 $74,100 $113,087 $$20,000 $40,000 $60,000 $80,000 $100,000 $120,000 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 Avoyelles Parish Remote Sellers Tax Revenue $21,957 $19,418 $26,598 $24,256 $31,566 $38,404 $34,545 $22,671 $54,922 $$20,000 $40,000 $60,000 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 Catahoula Parish Remote Sellers Tax Revenue $28,561 $28,149 $34,143 $34,785 $41,710 $52,856 $39,835 $32,715 $53,129 $$20,000 $40,000 $60,000 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 Concordia Parish Remote Sellers Tax Revenue
REMOTESELLERSTAXREVENUEINCENLA-2
Remote sellers tax revenue is tax revenue from online sales by location of the seller at the time of purchase.
Note: Sales tax revenue collected in one month reflects sales activity in the prior month.
Data Source: Louisiana Sales and Use Tax Commission for Remote Sellers. August 2020 – May 2021
$55,571 $52,605 $67,290 $67,173 $84,969 $102,328 $79,686 $66,340 $111,694 $$20,000 $40,000 $60,000 $80,000 $100,000 $120,000 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 Evangeline Parish Remote Sellers Tax Revenue $21,957 $19,418 $26,598 $24,256 $31,566 $38,404 $34,545 $22,671 $54,922 $$20,000 $40,000 $60,000 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 Grant Parish Remote Sellers Tax Revenue $20,771 $20,388 $23,721 $26,088 $31,690 $43,525 $32,377 $28,487 $44,400 $$20,000 $40,000 $60,000 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 LaSalle Parish Remote Sellers Tax Revenue $67,339 $69,070 $79,304 $84,315 $94,463 $118,614 $91,854 $79,514 $115,864 $$20,000 $40,000 $60,000 $80,000 $100,000 $120,000 $140,000 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 Natchitoches Parish Remote Sellers Tax Revenue
REMOTESELLERSTAXREVENUEINCENLA-3
Remote sellers tax revenue is tax revenue from online sales by location of the seller at the time of purchase.
Note: Sales tax revenue collected in one month reflects sales activity in the prior month.
Data Source: Louisiana Sales and Use Tax Commission for Remote Sellers. August 2020 – May 2021
$176,598$170,080$185,115$190,344 $237,188$286,738$246,450 $201,244 $325,525 $$100,000 $200,000 $300,000 $400,000 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 St. Landry Parish Remote Sellers Tax Revenue $105,111$100,123$114,716$141,563$159,311$188,630$157,506$132,757$206,507 $$100,000 $200,000 $300,000 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 Vernon Parish Remote Sellers Tax Revenue $256,874 $231,000 $273,357 $320,452 $386,024 $473,077 $400,934 $307,730 $465,589 $$100,000 $200,000 $300,000 $400,000 $500,000 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 Rapides Parish Remote Sellers Tax Revenue
BUILDINGPERMITS
ALEXANDRIACOMMERCIALPERMITS
The valuation (estimated development cost) of new commercial construction permits issued by the City of Alexandria in April 2021 with previous month, year, and YTD comparisons.
Data Source: City ofAlexandria Planning Division. May 2021 April 451% Apr. YoY -73% Apr. YTD 6% April 2018 2019 2020 2021 April $ 1,199,881 $ 1,681,906 $ 9,295,999 $ 2,528,039 March $ 9,597,440 $ 1,176,454 $ 1,014,850 $ 459,222 % Chg over Prev Month -87% 43% 816% 451% % Chg over Prev Year 40% 453% -73% YTD (Jan - Apr) $ 12,910,194 $ 8,955,645 $ 12,814,876 $ 13,559,645 % Chg over Prev YTD -31% 43% 6%
ALEXANDRIARESIDENTIALPERMITS
The valuation (estimated development cost) of new residential construction permits issued by the City of Alexandria in April 2021 with previous month, year, and YTD comparisons.
Data Source: City ofAlexandria Planning Division. May, 2021 April 4.5% Apr. YoY 78.8% Apr. YTD 77.3% April 2018 2019 2020 2021 April $ 2,260,849 $ 1,853,152 $ 1,995,043 $ 3,567,719 March $ 1,941,748 $ 1,215,591 $ 1,631,365 $ 3,414,459 % Chg over Prev Month 16.4% 52.4% 22.3% 4.5% % Chg over Prev Year -18.0% 7.7% 78.8% YTD (Jan - Apr) $ 8,669,306 $ 6,329,457 $ 5,803,179 $ 10,289,325 % Chg over Prev YTD -27.0% -8.3% 77.3%
ALLENPARISHPERMITVALUATIONS
This chart shows the valuation of permits issued by Rapides Area Planning Commission in Allen Parish in April between 2018-2021 with month-tomonth, year-to-year, and year-to-date comparisons.
Data Source: RapidesArea Planning Commission, May, 2021
April -77% Apr. YoY 940% Apr. YTD 77% April 2018 2019 2020 2021 April $ 200,000 $ - $ 21,000 $ 218,308 March $ - $ 284,145 $1,655,000 $ 955,000 % Chg Prev Month -99% -77% % Chg from Prev Year 940% YTD (Jan - Apr) $1,245,670 $1,012,145 $2,281,919 $4,036,558 % Chg over Prev YTD -19% 125% 77%
AVOYELLESPARISHPERMITVALUATIONS
This chart shows the valuation of permits issued by Rapides Area Planning Commission in Avoyelles Parish in April between 2019-2021 with month-to-month, year-to-year, and year-to-date comparisons.
Data Source: RapidesArea Planning Commission, May 2021.
April -61% Apr. YoY -14% Apr. YTD 117% April 2019 2020 2021 April $ 6,535,582 $ 3,659,856 $ 3,130,530 March $ 5,433,925 $ 4,499,044 $ 7,991,410 % Chg Prev Month 20% -19% -61% % Chg from Prev Year -44% -14% YTD (Jan - Apr) $ 17,606,158 $ 11,170,937 $ 24,266,574 % Chg over Prev YTD -37% 117%
EVANGELINEPARISHPERMITVALUATIONS
This chart shows the valuation of permits issued by Rapides Area Planning Commission in Evangeline Parish in April between 2018-2021 with month-to-month, year-to-year, and year-to-date comparisons.
Data Source: RapidesArea Planning Commission, May 2021.
April -97% Apr. YoY -74% Apr. YTD 370% April 2018 2019 2020 2021 April $ 870,772 $ 1,809,496 $ 2,293,911 $ 600,000 March $ 401,000 $ 1,035,000 $ 1,221,490 $ 17,376,352 % Chg Prev Month 117% 75% 88% -97% % Chg from Prev Year 108% 27% -74% YTD (Jan - Apr) $ 3,513,681 $ 3,842,666 $ 4,172,074 $ 19,605,467 % Chg over Prev YTD 9% 9% 370%
PINEVILLEPERMITVALUATIONS
This chart shows the valuation of permits issued by Rapides Area Planning Commission in the City of Pineville in April between 20182021 with month-to-month, year-to-year, and year-to-date comparisons.
Data Source: RapidesArea Planning Commission, May 2021.
April -28% Apr. YoY -25% Apr. YTD -37% April 2018 2019 2020 2021 April $ 523,000 $ 75,000 $ 1,128,650 $ 851,484 March $ 426,788 $1,252,940 $ 760,000 $ 1,190,000 % Chg Prev Month 23% -94% 49% -28% % Chg from Prev Year -86% 1405% -25% YTD (Jan - Apr) $ 1,871,154 $3,773,574 $ 4,410,905 $ 2,763,919 % Chg over Prev YTD 102% 17% -37%
RAPIDESPARISHPERMITVALUATIONS
This charts shows the valuation of permits issued by Rapides Area Planning Commission in Rapides Parish (excluding Alexandria) in April between 20182021 with month-to-month, year-to-year, and year-to-date comparisons.
Data Source: RapidesArea Planning Commission, May 2021.
April -30% Apr. YoY 64% Apr. YTD 1224% April 2018 2019 2020 2021 April $ 4,948,109 $ 2,069,867 $ 2,535,385 $ 4,162,792 March $ 2,546,580 $ 3,525,216 $ 6,814,350 $ 5,926,135 % Chg Prev Month 94% -41% -63% -30% % Chg from Prev Year -58% 22% 64% YTD (Jan - Apr) $11,466,642 $41,770,905 $15,878,601 $210,207,108 % Chg over Prev YTD 264% -62% 1224%
RESIDENTIALCONSTRUCTIONPERMITSBYAREA
New residential construction permit valuation (estimated development cost) issued by Rapides Area Planning Commission by jurisdiction in April 2021 compared to March 2020.
Valuation of New Residential Construction April 2020 vs April 2021
Note: City ofAlexandria permits are accounted for separately.
Data Source: RapidesArea Planning Commission, May 2021.
Year-over-year
of residential construction in the RAPC jurisdiction. 2% Apr-20 Apr-21 Change % Change Allen $ - $ - $ - n/a Avoyelles $ 1,015,000 $ 726,325 $ (288,675) -28% Pineville $ 250,000 $ 806,484 $ 556,484 223% Evangeline $ 2,283,911 $ 590,000 $ (1,693,911) -74% LaSalle $ 125,000 $ - $ (125,000) -100% Rapides $ 1,199,000 $ 2,863,016 $ 1,664,016 139%
value
HOUSING
HOMEOWNERSHIPRATE
These charts represent homeownership rates in the U.S. and Louisiana.
Rate US vs Louisiana
US homeownership rate peaked in 2004 at 69%, while the Louisiana homeownership rate peaked in 2008 at 73.5%.
2020, Louisiana remained 5.5% below it’s peak compared
Data Source: Fred Reserve Economic Database, St. Louis Federal Reserve Bank, May 16, 2021.
In
62 64 66 68 70 72 74 Percent Homeownership
1984 – 2020 (Annual) Louisiana US
to 3.4% below nationwide.
LUMBERPRICES
The chart represents the lumber price index in the U.S. from January 2020 – April 2021.
The US Lumber Price Index has risen in 10 of the past 12 month.
FromApril 2020 toApril 2021, the US Lumber Price Index rose from 205 to 388, an 89% increase.
Data Source: Fred Reserve Economic Database, St. Louis Federal Reserve Bank, May 16, 2021.
210 215 222 205 211 225 241 270 322 301 264 292 321 342 367 388 200 220 240 260 280 300 320 340 360 380 400 2020-01-01 2020-04-01 2020-07-01 2020-10-01 2021-01-01 2021-04-01 Price Index (1982=100) Monthly Price Index of Lumber 2020 - 2021
ALEXANDRIAACTIVELISTINGS
The count of active single-family and condo/townhome listings for Alexandria MSA (excludes pending listings) for April 20182021 with month-to-month and year-over-year comparisons.
Active listings decreased 60% since March 2020.
Data Source: Realtor.com. Retrieved from FRED, Federal Reserve Bank of St. Louis. May 13, 2021 April -3.8% Apr. YoY -59.6% 2018 2019 2020 2021 April 486 459 371 150 March 465 465 405 156 % Chg Prev Month 4.5% -1.2% -8.4% -3.8% % Chg from Prev Year -5.6% -19.2% -59.6% April
0 100 200 300 400 500 600 2016-07-01 2017-03-01 2017-11-01 2018-07-01 2019-03-01 2019-11-01 2020-07-01 2021-03-01 Active Listings Count in Alexandria July 2016 - April 2021
ALEXANDRIAPENDINGLISTINGS
The count of pending single-family and condo/townhome listings for Alexandria MSA for April 2018-2021 with month-to-month and year-over-year comparisons.
Data Source: Realtor.com. Retrieved from FRED, Federal Reserve Bank of St. Louis. May 13, 2021 April 3.0% Apr. YoY 53.3% 2018 2019 2020 2021 April 176 156 150 230 March 146 148 130 223 % Chg Prev Month 17.0% 5.1% 13.3% 3.0% % Chg from Prev Year -11.4% -3.8% 53.3% April Pending listings increased 53% overApril 2020, from 150 to 230. 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 - April 2021
ALEXANDRIAMEDIANDAYSONMARKET
The median number of days property listings spend on the market in Alexandria MSA for April 2018-2021 with month-to-month and year-over-year comparisons.
Realtor.com. Retrieved from FRED, Federal Reserve Bank of St. Louis. May 13, 2021 April -8.7% Apr. YoY -22.2% 2018 2019 2020 2021 April 79 79 88 69 March 99 100 81 75 % Chg Prev Month -20.2% -21.0% 8.6% -8.7% % Chg from Prev Year 0.0% 11.4% -22.2% April Median days on the market fell 9% from March 2021 and 22% fromApril 2020. 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 - April 2021
Data Source:
ALEXANDRIAMEDIANLISTINGPRICE
The median listing price of houses in Alexandria MSA for April 20182021 with month-to-month and year-over-year comparisons.
The median listing price fell -5.6% since March 2021 from $182,700 to $172,450 and declined -9.2% since April 2020.
Data Source: Realtor.com. Retrieved from FRED, Federal Reserve Bank of St. Louis. May 13, 2021. April -5.6% Apr. YoY -9.2% 2018 2019 2020 2021 April $ 181,550 $ 197,925 $ 189,949 $ 172,450 March $ 185,050 $ 190,538 $ 189,450 $ 182,700 % Chg Prev Month -1.9% 3.9% 0.3% -5.6% % Chg from Prev Year 9.0% -4.0% -9.2% April
$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 - April 2021
ALEXANDRIAAVERAGELISTINGPRICE
The average listing price of houses in Alexandria MSA for April 2018-2021 with month-to-month and year-over-year comparisons.
The average listing price fell1.0% since last month from $240,872 to $238,409, but rose 3.2% last year.
Data Source: Realtor.com. Retrieved from FRED, Federal Reserve Bank of St. Louis. May 13, 2021. April -1.0% Aprl YoY 3.2% 2018 2019 2020 2021 April $ 221,827 $ 234,380 $ 231,091 $ 238,409 March $ 229,930 $ 229,168 $ 224,610 $ 240,872 % Chg Prev Month -3.5% 2.3% 2.9% -1.0% % Chg from Prev Year 5.7% -1.4% 3.2% April
TRAVEL
AVOYELLESHOTELOCCUPANCYTAX
Avoyelles Parish hotel occupancy tax revenue for April with previous month, year, and year-to-date comparisons.
Note: April tax revenue reflects hotel occupancy activity in March. Hotel occupancy tax revenue is used as a proxy for hotel occupancy rate.
Data Source: Avoyelles Parish School Board. May 2021.
April 1.6% Apr. YoY -1.6% Apr. YTD 6.1% April 2017 2018 2019 2020 2021 April $ 11,290 $ 11,448 $ 12,256 $ 12,880 $ 12,672 March $ 10,853 $ 9,566 $ 8,137 $ 3,369 $ 12,468 % Chg over Prev Month 4.0% 19.7% 50.6% 282.2% 1.6% % Chg over Prev Year 1.4% 7.1% 5.1% -1.6% YTD (Jan - Apr) $ 42,184 $ 35,592 $ 35,371 $ 33,142 $ 35,170 % Chg over Prev YTD -15.6% -0.6% -6.3% 6.1%
RAPIDESHOTELOCCUPANCYTAX
Rapides Parish hotel occupancy tax revenue for April 2020 with previous month, year, and YTD comparisons.
Note: April tax revenue reflects hotel occupancy activity in March. Hotel occupancy tax revenue is used as a proxy for hotel occupancy rate.
Data Source: Rapides Parish Police Jury Treasurer’s Reports, May 2021.
April 22.5% Apr. YoY 119.1% Apr. YTD 13.1% 2018 2019 2020 2021 April $ 196,377 $ 207,573 $ 81,343 $ 178,228 March $ 126,383 $ 146,322 $ 111,228 $ 145,466 % Chg over Prev Month 55.4% 41.9% -26.9% 22.5% % Chg over Prev Year 5.7% -60.8% 119.1% YTD (Jan - Apr) $ 579,597 $ 638,972 $ 504,102 $ 570,028 % Chg over Prev YTD 10.2% -21.1% 13.1% April 0 100 200 300 400 Thousands Hotel Occupancy Tax Revenue 2019-2021 2019 2020 2021
PASSENGERTRAFFICATLOUISIANAAIRPORTS
This chart shows total passenger throughput at AEX and nationwide in April 2021 as a percent of traffic a year ago. AEX is the solid black line on a logarithmic scale.
Passenger Throughput as a Percent a Year Ago
AEX had the lowest total passenger throughput in the state in April at 654% compared to a year ago which is a positive indicator showing AEX’s relative outperformance in 2020.
Data Source: Alexandria International Airport, May 11, 2021
Airport % of 2020 Traffic US 1259% AEX 654% MSY 1715% BTR 1121% LCH 723% LFT 928% MLU 661% SHV 814%
0% 200% 400% 600% 800% 1000% 1200% 1400% 1600% 1800% 2000% 4/1/2021 4/2/2021 4/3/2021 4/4/2021 4/5/2021 4/6/2021 4/7/2021 4/8/2021 4/9/2021 4/10/2021 4/11/2021 4/12/2021 4/13/2021 4/14/2021 4/15/2021 4/16/2021 4/17/2021 4/18/2021 4/19/2021 4/20/2021 4/21/2021 4/22/2021 4/23/2021 4/24/2021 4/25/2021 4/26/2021 4/27/2021 4/28/2021 4/29/2021 4/30/2021
AEX
Nationwide (April
US AEX
vs
2021)
AIRTRAVELERSTATS
Nationwide daily percentage of passengers passing through current TSA checkpoints expressed as a percentage of 2020 and 2019 traffic.
Airport Passenger Throughput Traffic At AEX 2021 vs 2020 and 2021 vs 2019
Nationwide air passenger traffic inApril 2021 was up 9% above March and 1170% from a year ago. Average passenger traffic in U.S. increased 13% inApril 2021 from March 2021.
Data Source: DHS, Transportation Security Administration, https://www.tsa.gov/coronavirus/passenger-throughput, May 13, 2021
-80% -70% -60% -50% -40% -30% -20% -10% 0% -200% 0% 200% 400% 600% 800% 1000% 1200% 1400% 1600% 1800%
% Chg 2021 vs 2020 % Chg 2021 vs 2019
LOUISIANAGASOLINESALES
Total gasoline sales in Louisiana in 2019 - 2021.
Gasoline Sales in Louisiana
2019 2020 2021
Thousands of Gallons / Day
7,000
Gasoline sales in LA over the past 12 months are down -8.0% compared to the previous 12 months. 6,000
In February 2021, Louisiana gasoline sales increased 0.9% from January and was -9.3% below February 2020. 5,000
8,000 January February March April May June July August September October November December
Data Source: U.S. Energy Information Administration, Prices, Sales Volumes & Stocks by State, May 11, 2021 4,000
LOCAL& LOUISIANA
NEWBUSINESSESINRAPIDES
The number of new businesses established in Rapides inApril 2021 was 7% higher than March 2021 and 158% over a year ago.
Year-to-date new businesses in Rapides are up 30% over 2020.
The chart below represents the number of new businesses established each month in Rapides from January 2019 through April 2021. Data Source: Rapides Parish Sales and Use Tax Department, May 11, 2021.
0 10 20 30 40 50 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec New Businesses in Rapides 2019-2021 2019 2020 2021
2018 2019 2020 2021 April 53 30 19 49 March 44 45 30 46 % Chg Prev Month 20.5% -33.3% -36.7% 6.5% % Chg from Prev Year -43.4% -36.7% 157.9% YTD (Jan - Apr) 196 149 131 170 % Chg over Prev YTD -24.0% -12.1% 29.8% April
CONSUMERSPENDINGINLOUISIANA
These graphs represents the percent change in average consumer credit and debit card spending in Louisiana as of April 4, 2021 with January 2020 as the baseline.
• Total consumer spending onApril 4, 2021 in Louisiana was up 19% compared to January 2020, with retail spending up 39% whileentertainment and recreation spending down -25%. Grocery spending was up 32%, health care up 9%, and restaurants up 4%.
Data Source: Opportunity Insights Economic Tracker, https://www.tracktherecovery.org/. Data Source: Affinity Solutions. Retrieved May 11, 2021
ALLCONSUMERSPENDINGINCENLA
The table and chart represents the percent change in average consumer credit and debit card spending in Cenla as of April 4, 2021 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 May 11, 2021
Data for Concordia andAvoyelles is not available.
Allen +74.1% Catahoula +20.1% Evangeline -20.4% Grant +19.7% La Salle +23.5% Natchitoches +37.5% Rapides +27.4% St. Landry -32.1% Vernon +22.2%
Change in Spending
SMALLBUSINESSREVENUEINLOUISIANA
The chart below represents the percent change in small business revenue in Louisiana as of April 28, 2021 with January 2020 as the baseline. The table shows the percentage change for small business revenue by industry.
Source: Opportunity Insights Economic Tracker, https://www.tracktherecovery.org/ Date Source: Womply. Retrieved May 11, 2021. Industry % Change Education & Health Services -16% Retail -23% Leisure & Hospitality Professional -64% -22%
TIMESPENTATWORKINRAPIDES
The chart represents the percent of time employees in Rapides Parish spent at work as of May 7, 2021 with January 2020 as the baseline. The table provides comparable data for other central Louisiana parishes.
Source: Opportunity Insights Economic Tracker, https://www.tracktherecovery.org/ Date Source: Womply. Retrieved May 11, 2021. Change in Time at Work Avoyelles -12.6% Concordia -16.6% Evangeline -12.1% Grant -11.7% Natchitoches -15.4% Rapides -12.6% St. Landry -10.3% Vernon -11.9%
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.
Coincident Economic Activity Index for Louisiana
• The chart shows the impact of COVID-19 on the Louisiana’s gross state product since January 2020.
The Index for March 2021 increased 0.7% over February 2021, indicating the economic recovery in Louisiana is still expanding although the recovery is slowing.
2020 - March 2021
Data Source: FRED Economic Data, Federal Reserve Bank of St. Louis, May 11, 2021. https://fred.stlouisfed.org/series/LAPHCI
110.1 110.0 109.5 95.3 93.3 96.8 97.6 99.4 100.1 100.8 101.3 101.6 102.1 102.3 103.0 85 90 95 100 105 110 115 2020-01-01 2020-03-01 2020-05-01 2020-07-01 2020-09-01 2020-11-01 2021-01-01 2021-03-01 Index
January
BAKERHUGHESRIGCOUNT
Represents the number of drilling rigs actively exploring for or developing oil or natural gas in Louisiana and the U.S.
For March 2021, the rig count in Louisiana increased 2% over March 2021, indicating oil and natural gas exploration is still expanding although at a slow rate.
Source: Baker Hughes, https://rigcount.bakerhughes.com/na-rig-count, May 11, 2021
Apr 20 Mar 21 Apr 21 N. LA-Land 24 34 34 S. LA –Int’l Water 0 0 1 S. LA-Land 1 1 2 S. LA-Offshore 17 11 11 TOTAL LOUISIANA 42 46 47 TOTAL US 565 408 436
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 3-Jan 3-Feb 3-Mar 3-Apr Louisiana Rig Count U.S. Rig Count Rig Count in U.S. & Louisiana 2020-2021 US Louisiana
LOUISIANAGAMINGREVENUE
Gaming revenue in Louisiana for March 2021 with previous month and year comparisons.
Data Source: Louisiana Gaming Control Board, May 13, 2021. http://lgcb.dps.louisiana.gov/revenue_reports.html
March 51% March 2021 Mar. YoY 140% 20-Mar 21-Feb 21-Mar % Change MoM % Change YoY % Change YTD Video Poker $32,189,300 $53,585,703 $84,675,557 58.0% 163.1% 22% Riverboat $72,075,616 $112,390,715 $168,218,035 49.7% 133.4% -12% Landbased $10,468,813 $15,756,573 $22,447,362 42.5% 114.4% -33% Slots $14,545,448 $22,941,114 $34,406,444 50.0% 136.5% -8% Total $129,279,177 $204,674,105 $309,747,398 51.3% 139.6%
NATIONAL
NATIONALECONOMICINDICATORS
Monthly
U.S. economic indicators for March 2021.
Data Source: U.S. Census, https://www.census.gov/economic-indicators/, May 16, 2021.
Indicator Feb-21 Mar-21 Monthly Wholesale Trade +1.0% +1.3% Manufacturers Shipments, Inventories, and Orders -0.5% +1.1% Construction Spending +0.9% +5.3% Advance Monthly Wholesale Inventories +0.9% +1.4% Advance Monthly Retail Inventories +0.1% -1.4% Advance Durable Goods Manf. Shipments, Inventories, and Orders -0.9% +0.5% New Residential Sales -16.2% +20.7% New Residential Construction -11.3% +19.4% Advance Monthly Sales for Retail and Food Services -2.7% +9.8% Durable Goods 0.5% Residential Sales 20.7% Residential Construction 19.4%
CONTRIBUTORS
The data presented throughout the CENLA Economic Dashboard reflects contributions from the following local organizations.
• Rapides Parish Policy Jury Treasurer
• Rapides Sales TaxAdministrator
• Avoyelles Parish School Board
• Alexandria International Airport
• RapidesArea Planning Commission
• City ofAlexandria Planning Division
• Evangeline Parish Sales Tax Commissioner
• Concordia, Catahoula, & La Salle TaxAdministrator
• Louisiana Office of Public Health, Region 6
• St. Landry Parish School Board
THANKYOU
Also, special thanks to the following partners for distributing the dashboard.
Next Issue: Week of June 14th
• LSUAFoundation
• Central Louisiana Regional Chamber of Commerce
• Marksville Chamber of Commerce
• Bunkie Chamber of Commerce
• Evangeline Chamber of Commerce
• Concordia Chamber of Commerce
• St. Landry Chamber of Commerce
• Greater Vernon Chamber of Commerce
Current and past issues of the CENLAEconomic Dashboard can be found at http://www.lsua.edu/coronavirus/cenla-economic-dashboard/