AP: Recession-proof New Orleans
April 06, 2008
Source: Associated Press
The area had 609,600 jobs before Hurricane Katrina struck in August 2005. That fell to 425,800 just after the storm. Although job growth has slowed from a once-frenetic recovery pace of 5,000 per month, UNO projects an 8.4 percent growth rate through 2009.
One factor that will keep New Orleans out of a recession's depths is a plan to spend billions of dollars over the next five years on federally funded homeowner recovery programs and government infrastructure reconstruction, Speyrer said.
Well, let's take whatever silver lining is out there, I guess.
