Louisiana Business & Employment Growth Since 2009
- 7,335 more businesses
- 71,428 more employees
- 3.9% increase in total wages
- $7,518 increase in annual wages per employee
- 18.5% increase in wages per employee
Since 2009, the number of businesses in Louisiana has grown by 5.9% (5.6% less than the national average of 11.4%). Employment in Louisiana has grown by 3.9% (9.8% less than the national average of 13.6%). Wages have grown by 18.6% since the end of the Great Recession. This wage growth is 7.1% less than the national average of 25.7%. The average weekly wage in Louisiana of $925 is 19.0% below the national average of $1,101. The gap between the national average has widened from 12.3% a widening of 6.7% since the end of the recession.
Sector Growth
Business Sector Growth
| Sector | 2018 | 2009 | Pct Chg |
|---|---|---|---|
| Retail trade | 17,716 | 17,274 | 2.6% |
| Professional services | 16,036 | 13,621 | 17.7% |
| Healthcare | 14,086 | 11,813 | 19.2% |
| Construction | 10,929 | 11,517 | -5.1% |
| Accommodation and food services | 10,679 | 8,635 | 23.7% |
| Other services | 9,281 | 9,517 | -2.5% |
| Finance and insurance | 8,310 | 8,150 | 2.0% |
| Wholesale trade | 8,077 | 7,925 | 1.9% |
| Waste services | 7,401 | 6,207 | 19.2% |
| Real estate and rental | 5,492 | 5,261 | 4.4% |
| Manufacturing | 4,445 | 4,401 | 1.0% |
| Transport and warehousing | 4,338 | 4,167 | 4.1% |
| Arts and entertainment | 1,774 | 1,444 | 22.9% |
| Information | 1,724 | 1,761 | -2.1% |
| Mining and oil extraction | 1,638 | 1,752 | -6.5% |
| Agriculture and forestry | 1,456 | 1,469 | -0.9% |
| Educational services | 1,440 | 966 | 49.1% |
| Company management | 1,211 | 737 | 64.3% |
| Utilities | 490 | 525 | -6.7% |
The sector that has had the strongest growth [in number of businesses] is the Professional services sector, which has increased by 17.7% since 2009. The sector that has has the largest decline is the Construction sector, which has declined by 5.1% since the recession.
Employment Sector Growth
| Sector | 2018 | 2009 | Pct Chg |
|---|---|---|---|
| Healthcare | 268,457 | 226,964 | 18.3% |
| Retail trade | 227,237 | 220,575 | 3.0% |
| Accommodation and food services | 207,232 | 165,966 | 24.9% |
| Construction | 151,889 | 130,224 | 16.6% |
| Manufacturing | 135,419 | 142,204 | -4.8% |
| Waste services | 102,775 | 88,873 | 15.6% |
| Professional services | 87,705 | 80,705 | 8.7% |
| Transport and warehousing | 71,834 | 65,747 | 9.3% |
| Wholesale trade | 69,562 | 71,821 | -3.1% |
| Finance and insurance | 54,978 | 56,416 | -2.5% |
| Other services | 45,870 | 46,733 | -1.8% |
| Mining and oil extraction | 34,325 | 48,539 | -29.3% |
| Educational services | 31,888 | 22,204 | 43.6% |
| Real estate and rental | 30,046 | 30,479 | -1.4% |
| Arts and entertainment | 28,868 | 28,340 | 1.9% |
| Information | 22,849 | 24,697 | -7.5% |
| Company management | 22,392 | 24,143 | -7.3% |
| Agriculture and forestry | 9,207 | 9,257 | -0.5% |
| Utilities | 8,679 | 9,451 | -8.2% |
The sector that has had the strongest employment growth [in number of employees] is the Healthcare sector, which has increased by 18.3% since 2009. The sector that has has the largest employment decline in number of employees is the Mining and oil extraction sector, which has declined by 29.3% since the recession.
Weekly Wage Growth By Sector
| Sector | 2018 | 2009 | Pct Chg |
|---|---|---|---|
| Mining and oil extraction | $1,834 | $1,521 | 0.0% |
| Utilities | $1,732 | $1,321 | 0.0% |
| Company management | $1,605 | $1,198 | 0.0% |
| Manufacturing | $1,459 | $1,102 | 0.0% |
| Professional services | $1,361 | $1,102 | 0.0% |
| Finance and insurance | $1,341 | $962 | 0.0% |
| Wholesale trade | $1,261 | $1,023 | 0.0% |
| Construction | $1,229 | $981 | 0.0% |
| Transport and warehousing | $1,122 | $1,011 | 0.0% |
| Information | $1,119 | $895 | 0.0% |
| Real estate and rental | $960 | $804 | 0.0% |
| Healthcare | $834 | $704 | 0.0% |
| Agriculture and forestry | $817 | $579 | 0.0% |
| Educational services | $809 | $747 | 0.0% |
| Waste services | $737 | $618 | 0.0% |
| Other services | $728 | $576 | 0.0% |
| Arts and entertainment | $714 | $570 | 0.0% |
| Retail trade | $540 | $464 | 0.0% |
| Accommodation and food services | $367 | $310 | 0.0% |
The sector that has had the strongest wage growth is the Unclassified sector, which has increased by 0.0% since 2009. The sector that has has the smallest wage growth is the Accommodation and food services sector, which has declined by 0.0% since the recession.
Industry Growth
Business Industry Growth
| Industry | 2018 | 2009 | Pct Chg |
|---|---|---|---|
| Offices of physicians | 3,647 | 3,643 | 0.0% |
| Offices of lawyers | 3,592 | 3,660 | 0.0% |
| Insurance agencies and brokerages | 2,617 | 2,141 | 0.0% |
| Gasoline stations with convenience stores | 2,491 | 2,154 | 0.0% |
| Accounting and bookkeeping services | 2,230 | 1,986 | 0.0% |
| Private households | 2,128 | 2,786 | 0.0% |
The top industry that has had the largest increase in the number of businesses is the Insurance agencies and brokerages industry, which has increased by 0.0% since 2009. The top industry that has has the largest decline in the number of businesses is the Private households industry, which has declined by 0.0% since the recession.
Employment Industry Growth
| Industry | 2018 | 2009 | Pct Chg |
|---|---|---|---|
| General medical and surgical hospitals | 62,713 | 52,845 | 0.0% |
| Offices of physicians | 40,966 | 32,573 | 0.0% |
| Supermarkets and other grocery stores | 31,944 | 29,314 | 0.0% |
| Support activities for mining | 26,742 | 38,399 | 0.0% |
| Nursing care facilities skilled nursing | 26,725 | 25,263 | 0.0% |
The top industry that has had the largest increase in the number of employees is the General medical and surgical hospitals industry, which has increased by 0.0% since 2009. The top industry that has has the largest decline in the number of employees is the Support activities for mining industry, which has declined by 0.0% since the recession.
Weekly Wage Growth By Industry
| Industry | 2018 | 2009 | Pct Chg |
|---|---|---|---|
| Investment banking and securities dealing | $4,101 | $2,060 | 0.0% |
| Spectator sports | $3,911 | $2,587 | 0.0% |
| Securities brokerage | $3,248 | $2,190 | 0.0% |
| Petroleum refineries | $2,723 | $1,926 | 0.0% |
| Petrochemical manufacturing | $2,502 | $1,850 | 0.0% |
The top industry that has had the strongest wage growth is the Investment banking and securities dealing industry, which has increased by 0.0% since 2009. The top industry that has has the largest wage decline is the Petrochemical manufacturing industry, which has declined by 0.0% since the recession.
Company Size
Business Growth By Company Size
The biggest percentage change in the number of businesses has been in businesses with 1,000 or more employees. The number of businesses with this number of employees has grown from 49 to 62, which is an increase of 26.5%.The smallest percentage change in the number of businesses has been in businesses with 500 to 999 employees. The number of businesses with this number of employees has grown from 124 to 124, which is an increase of 0.0%.
Table: Change in the number of Businesses by Size of Business, since the Recession:
| Company Size | Q1 2018 | Q1 2010 | % Change |
|---|---|---|---|
| Fewer than 5 Employees | 72,694 | 71,281 | 2.0% |
| 5-9 Employees | 21,867 | 21,800 | 0.3% |
| 10-19 Employees | 15,474 | 14,262 | 8.5% |
| 20-49 Employees | 10,766 | 9,808 | 9.8% |
| 50-99 Employees | 3,399 | 3,226 | 5.4% |
| 100-249 Employees | 1,758 | 1,546 | 13.7% |
| 250-499 Employees | 369 | 350 | 5.4% |
| 500-999 Employees | 124 | 124 | 0.0% |
| More Than 1,000 Employees | 62 | 49 | 26.5% |
Employment Growth by Company Size
The biggest percentage change in the number of employees has been in businesses with 1,000 or more employees. The number of employees in companies this size has grown from 85,190 to 122,515, which is an increase of 43.8%.The smallest percentage change in the number of employees has been in businesses with 5 to 9 employees. The number of employees with this number of employees has grown from 143,274 to 144,680, which is an increase of 1.0%.
Table: Change in the number of Employees by Size of Business, since the Recession:
| Company Size | Q1 2018 | Q1 2010 | % Change |
|---|---|---|---|
| Fewer than 5 Employees | 105,777 | 99,222 | 6.6% |
| 5-9 Employees | 144,680 | 143,274 | 1.0% |
| 10-19 Employees | 206,341 | 190,684 | 8.2% |
| 20-49 Employees | 317,870 | 291,238 | 9.1% |
| 50-99 Employees | 229,570 | 220,030 | 4.3% |
| 100-249 Employees | 253,402 | 222,786 | 13.7% |
| 250-499 Employees | 123,540 | 119,428 | 3.4% |
| 500-999 Employees | 85,574 | 83,847 | 2.1% |
| More Than 1,000 Employees | 122,515 | 85,190 | 43.8% |
Weekly Wage Growth by Company Size
The biggest percentage change in the average weekly wage has been in businesses with fewer than 5 employees. The average weekly wage in companies this size has grown from $703 to $905, which is an increase of 28.7%.The smallest percentage change in the average weekly wage has been in businesses with 20 to 49 employees. The average weekly wage in companies this size has grown from $677 to $797, which is an increase of 17.7%.
Table: Change Average Weekly Wage by Size Since the Recession:
| Company Size | Q1 2018 | Q1 2010 | % Change |
|---|---|---|---|
| Fewer than 5 Employees | $905 | $703 | 28.7% |
| 5-9 Employees | $747 | $606 | 23.3% |
| 10-19 Employees | $785 | $657 | 19.5% |
| 20-49 Employees | $797 | $677 | 17.7% |
| 50-99 Employees | $884 | $731 | 20.9% |
| 100-249 Employees | $965 | $813 | 18.7% |
| 250-499 Employees | $1,143 | $907 | 26.0% |
| 500-999 Employees | $1,507 | $1,175 | 28.3% |
| More Than 1,000 Employees | $1,297 | $1,015 | 27.8% |
Data Sources
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