NEW ORLEANS -- New Orleans may have a surging real estate market, a popping restaurant scene and more tourists than ever, but evidence that all this has translated into broad-based economic gains for area residents in the years since Hurricane Katrina and the Great Recession has been scant.
According to a report from The Advocate, a new report ranks the greater New Orleans area dead last in key measures of prosperity among the 100 biggest US metro areas.
Average wages, the overall standard of living and productivity all declined in New Orleans during the period from 2010 to 2015, the study found.
Baton Rouge didn't fare well either, ranking at No. 88 among the 100 cities analysed.
In looking at the metro New Orleans area, Brookings researchers considered an eight-parish region that included St. James Parish.
Despite the report's seemingly grim tone, a City Hall spokesman said Friday that the numbers don't tell the whole story, contending that officials have "worked hard to diversify our local economy."
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