Louisiana came out of 2015 struggling, according to recently released data from the Federal Reserve Bank of Philadelphia that has us among the seven states not doing so well.
Historically low oil prices might be to blame for the dip in Louisiana's economy. The data from the Philadelphia Fed uses the "state coincident index, which measures things like employment, hours worked in manufacturing and the unemployment rate to create an estimate of how economic growth has changed for each state over the past three months." The index shows Louisiana's economy contracting toward the end of 2015.
Joining Louisiana on the struggle bus? North Dakota, Wyoming, Wisconsin, Illinois, Mississippi and Alaska. We can always count on Mississippi to keep us company in the low end of states rankings.
· The seven states that are doing much worse than the rest [Washington Post]