The number of Americans applying for unemployment benefits fell significantly last week, a sign that the labor market remains strong even as the Federal Reserve continues to raise interest rates in an effort to cool the economy and slow inflation.
After four straight three-quarter-point interest rate hikes, the Federal Reserve is set to announce a smaller half-point increase in its key rate today, a first step toward dialing back its efforts to combat inflation.
States that don’t impose income taxes on individuals tend to charge higher sales taxes to fund government, the Louisiana Legislative Auditor’s office reports.
Lawmakers on Louisiana’s Water Sector Commission recommended the state hold off on allocating the entire $450 million set aside for local water and sewer upgrades this year