Economic Development

US unemployment claims fall as labor market continues to show resiliency 

The U.S. labor market continues to flex its muscle as applications for jobless claims fell again last week and remain at healthy levels in the face of high interest rates and inflation.

Rising prices: Louisiana’s heat wave could elevate costs for beef, soybean and sugar

The ongoing heatwave could lead to increased costs and a reduced yield in Louisiana's crop and livestock production, warns LSU AgCenter. Higher fertilizer prices, rising diesel fuel consumption, and the imperative for irrigation to combat the drought have all contributed to the anticipated hike in prices for this year's harvests, including soybeans, rice, cotton, and sugarcane. 

What we know about the mayor’s plan to upgrade Baton Rouge roads

Mayor Sharon Weston Broome announced this afternoon an action plan to repave and restripe dozens of roads throughout the parish. 

Aldi to buy 400 Winn-Dixie, Harveys supermarkets in the South 

Discount grocer Aldi, which has three Baton Rouge-area stores under construction, announced today it plans to buy 400 Winn-Dixie and Harveys supermarkets in Louisiana, Florida, Alabama, Georgia and Mississippi. 

Louisiana’s gas tax rate is second lowest among states

Louisiana has the second-lowest gas tax rate in the nation, behind only Alaska, the Tax Foundation reports based on July data. 

Why more businesses are nearshoring their supply chains

The share of companies making moves to nearshore their production nearly tripled this year,...
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Louisiana legislative leaders direct tens of millions in state dollars to their own parishes 

The city of Central got $3 million in the Louisiana state budget this year for batting cages, a locker room and a high school weight room.  

Workdays taking on a ‘triple peak’ pattern at US companies 

Researchers at Microsoft are documenting a new phenomenon they refer to as the “triple peak,” where workers’ activity spikes in the morning and afternoon and then a third time around 10 p.m., and the change has some managers frustrated, The Wall Street Journal reports. 

See how much longer Baton Rouge-area homes are now staying on the market

The average length of time that area homes sit on the market has doubled from a year ago, according to the latest report by the Greater Baton Rouge Association of Realtors.

Three businesses set to open in Gonzales shopping center 

Three businesses are opening soon in the Conway Village Center along La. 44 in Gonzales.