Louisiana ’s job growth projections to be reduced by 40%

Rising interest rates cause Louisiana’s job growth projections to be reduced by 40%

By ADAM DAIGLE | Acadiana Business Editor​ ​ ​

Happy Monday, Acadiana, and thanks for reading us today. Let's get down to business.

The Federal Reserve’s plans for aggressive interest rate hikes to tame runaway inflation will likely cause a significant deceleration in job creation in Louisiana, according to Gary Wagner, an economist at the University of Louisiana at Lafayette.

The economic slowdown is expected to take hold late this year and early 2023, Wagner said in his quarterly report, which was released Friday.

Not unexpected, but not great news. See you back here tomorrow for more business updates.