News roundup: Louisiana's jobless rate at 7% in February … Shaw executive VP announces retirement … Southern board confirms Broussard as new AD
Clocking in: Louisiana's unemployment rate crept up by 0.1 percentage point in February to 7% from the month previous, the federal Bureau of Labor Statistics reports. However, that's down from 7.5% in February 2011. The rates are adjusted for seasonal factors. The number of those officially listed as unemployed rose to 144,400 in February, an increase from 141,900 in January. In February 2011, there were 158,200 Louisiana residents listed as unemployed. The civilian workforce—those either working or actively seeking jobs—jumped last month by 2,500 from January. The workforce was down 10,900 from February 2011. Without seasonal adjustments, the BLS said the state had 46,700 more non-farm jobs last month than in February 2011. The national unemployment rate for February was 8.3%.
Clocking out: The Shaw Group Inc. today announced the retirement of Executive Vice President Gary Graphia, effective May 1. Graphia has been with Shaw since August 1999, initially serving as chief legal officer and corporate secretary, later as executive vice president of corporate development, and later still as chief operating officer. Shaw says it expects to enter into a short-term consulting agreement with Graphia. During his tenure, the company completed three major acquisitions, including Stone & Webster in 2000, IT Group in 2002 and Westinghouse in 2006.
New morning: Southern University's Board of Supervisors voted today to confirm William Broussard as the school's next athletic director. The board voted to give him a two-year contract extension with a one-year option. Broussard replaces Greg Lafleur, who was fired last year following an arrest on prostitution charges in Houston. He was later cleared of the charges. Basketball coach Sandy Pugh is serving as interim director until Broussard begins his term. The Southern board did not specify the start date of Broussard's directorship.
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