Reports say recession is over in Capital Region

The recession is over in the Baton Rouge metro area, according to a new report by Moody’s Economy and msnbc.com. The fiscal gloom lifted in August in one of every five metro areas in the United States, the latest Adversity Index by the groups says, the first month this year when any metro area moved from recession into “recovery,” indicating that the economy grew from six months earlier. Of Louisiana’s eight metropolitan statistical areas, the Baton Rouge and New Orleans areas entered a recovery phase in August, the report says. The Adversity Index uses data on jobs, industrial production, home prices and other factors to label places as expanding, at risk of recession, in recession or recovering. To read the full article, click here. To view the Moody’s Economy snapshot of Louisiana, click here.