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Louisiana Lost More Jobs Driving Up Budget Deficit

Red River Radio | By Chuck Smith
Published November 11, 2016 at 12:06 PM EST
JOBS LOST-DEFICIT INCREASES: Greg Albrecht, Louisiana's Chief Economist explained the findings at the state budget conference in Baton Rouge Thursday.
Courtesy: Baton Rouge Press Club
JOBS LOST-DEFICIT INCREASES: Greg Albrecht, Louisiana's Chief Economist explained the findings at the state budget conference in Baton Rouge Thursday.
JOBS LOST-DEFICIT INCREASES: Greg Albrecht, Louisiana's Chief Economist explained the findings at the state budget conference in Baton Rouge Thursday.
Credit Courtesy: Baton Rouge Press Club
/
Courtesy: Baton Rouge Press Club
JOBS LOST-DEFICIT INCREASES: Greg Albrecht, Louisiana's Chief Economist explained the findings at the state budget conference in Baton Rouge Thursday.

JOBS SLIDE, DEFICIT GROWS -  Louisiana's Chief Economist Greg Albrecht explained the news yesterday at the state budget conference in Baton Rouge that job loss is what's driving the budget deficit.  He added further that the jobs lost were of the higher-paying variety from sectors like manufacturing,  professional services - especially from those in the oil and gas industry.  These losses can explain the associated drop in taxes collected including income and sales taxes.  The losses have continued month after month,  "one loss on top of the other, " he explained.

JOBS DROP, DEFICIT RISES - At the state budget conference in Baton Rouge Thursday, Chief Economist Greg Albrecht explained that Louisiana continues to lose higher-paying jobs in the private sector which has contributed greatly to the $315 million+ state deficit.

Copyright 2016 Red River Radio
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Chuck Smith
Chuck Smith brings more than 30 years' experience to Red River Radio having started out as a radio news reporter and moving into television journalism as a newsmagazine producer / host, talk-show moderator, programming director and managing producer and news director / anchor for commercial, public broadcasting and educational television. He has more recently worked in advertising, marketing and public relations as a writer, video producer and media consultant. In pursuit of higher learning, Chuck studied Mass Communications at Southern Arkansas University in Magnolia and motion picture / television production at the University of California at Los Angeles. He has also taught writing for television at York Technical College in Rock Hill, South Carolina and video / film production at Centenary College of Louisiana, Shreveport.
See stories by Chuck Smith