New Orleans after the Oil Spill and Katrina: Salary Levels for the Fishing and Construction Industries.
May 15, 2011
It is timely to look at the April 2011 salary levels of representative jobs in two industries most affected in New Orleans by the Oil Spill in 2010 and Hurricane Katrina in 2005: Commercial Fishing and Building Construction (including residential and commercial construction). Despite being in the midst of both disasters, the Big Easy has proven to be resilient.
• Bolstered by unusually high construction spending fueled by Hurricane Katrina recovery and Go Zone funding, the seven-parish New Orleans MSA lost only 1.3 percent of its jobs during the recent recession – the second best performance in the state.
• Construction spending will actually be almost $2 billion higher over the next two years at about $13 billion, continuing to feed growth in this region.
• Over 2011-12, it is projected that the New Orleans MSA will add 8,300 jobs and be the second fastest growing MSA in the state.
The charts below summarize salary levels with data segmented by years of experience for each job and specifically defined revenue sizes for each industry.
Click image for larger view
For more information: