Economists expect Shreveport-Bossier to recover some, but not all, jobs in 2021 and 2022

Shreveport-Bossier City likely won’t see full job recovery from COVID-19 until 2023, LSU business professor emeritus of economics Loren Scott said Wednesday.

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Scott spoke virtually on the Louisiana Economic Outlook he produces annually with his co-author LSU professor Greg Upton. The Port of Caddo-Bossier and Committee of 100 hosted the event.

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Shreveport-Bossier, the state’s fourth-largest metropolitan statistical area, has Louisiana’s third-highest job loss (10,600 jobs or 5.9%) for 2020.

The big losses came from Libbey Glass, DiamondJacks Casino and Dolet Hills mine and plant. Libbey Glass is shutting down its 450-person plant in Shreveport. DiamondJacks permanently closed its resort and casino in Bossier City, meaning 349 jobs were lost. Dolet Hills in Mansfield is closing its mine (155 jobs) and power plant (88 jobs).

Those were the biggest job losses in the area, but Shreveport-Bossier also lost jobs in hospitality and tourism as

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August jobs report preview: Economists expect job gains at slower pace

  • The median economist estimate for Friday’s US nonfarm payrolls report is that the economy added 1.37 jobs in August, according to Bloomberg data. 
  • That’s a slower pace of jobs gained than in previous months, signaling that the labor market recovery is faltering as the coronavirus pandemic persists. 
  • “We shouldn’t confuse some improvement with a economy that is roaring back,” Nick Bunker, an economist at Indeed, told Business Insider. 
  • Visit Business Insider’s homepage for more stories.

Economists expect that Friday’s August nonfarm payrolls report, set to be released by the Labor Department, will show that the pace of the recovery from the coronavirus pandemic has lost further momentum. 

The median economist estimate is that the US economy added back 1.37 million jobs in August, according to Bloomberg data. That’s less than the 1.8 million added in July and the 4.8 million added in June. Again, there is a wide range of

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