Contact Us

Report: Shreveport-Bossier Economy Is Worst in the Nation

Shreveport Downtown_ACurrier

A new report claims Shreveport-Bossier has the fastest-shrinking economy in the US.

A report from 24/ says Shreveport-Bossier is one of seven metro areas in the country that showed declines of more than five percent:

For the second consecutive year, the Shreveport area shrank more than any other metro area in the nation. The area’s GMP fell by 11% in 2012. The economy’s rate of decline slowed somewhat last year, but it still contracted by more than 5%. One explanation for the dramatic declines could be General Motors’ decision to close its large assembly plant in Shreveport in 2012. The plant, which manufactured Hummers and various truck models prior to the shutdown, employed 3,000 people at one time.

Lafayette, La. also made the top 10 shrinking economies list.

On the other side of the scale, the economy in Midland, Texas grew by 7.5 percent — the fastest in the nation. The report clarified that local economies often follow the cycles of large manufacturing companies in their backyards.

The report added that the U.S. economic growth will pick up over the next few years.

Here are the numbers for Shreveport-Bossier City

2013 GMP change: -5.2 percent

2013 change in employment: -1.3 percent (10th worst)

Projected 2014 GMP change: 1.6 percent (82nd worst)

Unemployment rate: 6.9 percent (180th highest)


Best of 710 KEEL

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for KEEL VIP Club quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive KEEL VIP Club contests, events, coupons, presales, and much more delivered to you for FREE.