A new index of indicators of state economic momentum shows state economies continuing to climb out of the recession in the past year and Louisiana doing better in that regard than most states, The Times-Picayune reports. According to rankings compiled by Federal Funds Information for the States, a joint subscription service of the National Governors Association and the National Conference of State Legislatures, Louisiana ranked 15th on the composite index of economic momentum, 0.26% above the national average. Although Louisiana was slightly below the national average in growth of personal income over the previous year, it ranked 10th in employment growth and 11th in population growth, and was tied with Minnesota for the 13th-lowest unemployment rate.
La. compares well to most other states, economic data shows
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