Capital Region Claims 2/3 of Louisiana’s February New Construction Jobs

BRAC releases economic updates in monthly dashboard

Baton Rouge, LA (April 11, 2024) – The Baton Rouge Area was home to two out of every three new construction jobs in Louisiana during February 2024 according to the monthly economic indicator dashboard released today by the Baton Rouge Area Chamber (BRAC). The dashboard, which examines and analyzes the state of the regional economy, can be downloaded directly here.

“The Capital Region continues to be a major driver of Louisiana’s economic growth this year,” said Jake Polansky, BRAC manager of economic policy and research. “Baton Rouge’s unemployment rate is the lowest in the state, and it’s added more jobs than any other region over the last 12 months. Construction continues to play a big role in this dynamic: two out of every three new Louisiana construction jobs last month were found in the Capital Region. Job postings also ticked up to their highest number in six months, which shows employers are still looking for workers to fill a wide range of available positions. Deliberate efforts to attract and retain the region’s talent and fill open jobs is important if Baton Rouge wishes to remain competitive with its out-of-state peer metros.”

Key findings from this month’s dashboard include:

Job postings reached their highest count in six months after increasing the last two months;
The Capital Region was home to two out of every three new construction jobs in Louisiana during February;
Hotel occupancy topped 75% across the region while the Savannah Bananas were in town;
Jobs are up 0.8% in the last year, putting the Capital Region ahead of in-state peer metros but behind out-of-state peers;
Baton Rouge’s unemployment rate is the lowest in Louisiana; and,
Louisiana is one of the nation’s youngest states, and there’s a ten-year difference between the oldest and youngest Capital Region parish.

BRAC’s Economic Indicator Dashboard looks at several data points to illustrate the economy’s current state. With data from a number of regional stakeholders, the dashboard is the most real-time analysis of the Baton Rouge metro economy available.

Riverbend Research, BRAC’s standalone research consulting firm, provides custom research services on a competitive fee-for-service basis, including labor market research, economic impact modeling, demographic and economic data, and general research and consulting. Interested businesses can learn more or submit research project requests at riverbendresearch.org.

About the Baton Rouge Area Chamber

The Baton Rouge Area Chamber (BRAC) is an aggressively ambitious regional economic development organization with a bias for action. BRAC seeks to push Baton Rouge beyond the status quo, unleash its potential, and support a vibrant business community that believes the finish line does not exist. BRAC seeks to accelerate economic opportunity in the Baton Rouge Area, for everyone, through BRING IT! Baton Rouge, its five-year, regional strategic plan. Learn more about BRAC at brac.org.

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