BATON ROUGE, La. — For the sixth consecutive year, Louisiana has experienced net population in-migration, with more people moving into Louisiana than leaving the state. Louisiana now has more jobs, more people, and higher incomes than any point in the state's history.
In a report released Thursday, the U.S. Census Bureau’s latest measure of population patterns continues a healthy trend for Louisiana after the state experienced a quarter-century of migration losses, with more people leaving Louisiana than moving into the state for 25 years in a row.
According to the Census report, Louisiana gained more than 4,200 people through net migration for the year ending July 1, 2013.
For each of the past six years, more people have moved into Louisiana than have left the state, helping build a population growth rate for Louisiana that was 15.5 percent faster than that of the U.S. overall during that time period.
Louisiana’s total population has climbed to 4,625,470, and the latest Census estimate now exceeds Louisiana’s population in July 2005 – before the 2005 hurricanes – by more than 48,000 people.
These results are consistent with Louisiana’s recent economic performance, which has significantly exceeded that of the South and the U.S. since early 2008. For example, Louisiana’s private-sector job growth since January 2008 ranks No. 2 in the South and No. 4 among U.S. states (excluding D.C.).
Louisiana's population now stands at an all-time high, with higher employment than at any previous time in the state’s history.
“The bottom line is that for the past six years in a row, more people have been moving into Louisiana than moving out. These latest numbers from the U.S. Census provide yet another indication that Louisiana’s economic performance has made great strides in comparison to our state’s recent history, considering that our state previously experienced net population out-migration every single year from July 1981 through July 2006,” said Gov. Bobby Jindal.
Louisiana’s recent trend of rising economic indicators also mirrors the state’s strong performance in economic development and national business climate rankings.
Since 2008, the state has attracted business development projects that are resulting in more than 83,000 new jobs and more than $54 billion in new capital investment, along with hundreds of millions of dollars in new small business sales across Louisiana.
Louisiana now appears in the Top 10 of several national business climate rankings – Site Selection, No. 6; Area Development, No. 6; and Business Facilities, No. 4 – and Louisiana has been named as State/Co-State of the Year by Southern Business & Development in four of the past five years. Louisiana now ranks higher in every national business-climate ranking than it ever did prior to 2008.
Posted on Fri, January 24, 2014