WWL-TV: Fact checking Louisiana's economy in the governor's race
WWL-TV asked Peter Ricchiuti, senior professor of practice in finance at the Freeman School, to fact check competing claims made in political ads for the Louisiana governor’s race. A Republican PAC is highlighting a decline in non-farm jobs under Gov. John Bel Edwards, while the Democrat incumbent is touting seasonally adjusted numbers to say Louisiana actually gained jobs under his watch. Both sides are right, but Ricchiuti says jobs don't tell the whole story.
"There's spin on both sides. There's no question about that," says Ricchiuti. “But when you take into account the oil industry has basically disappeared and trade has been slowing down, the rest of the economy is doing relatively well."
To see the story in its entirety, visit wwltv.com:
