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Louisiana’s 7.1% May unemployment rate higher than US average
Louisiana’s unemployment rate totaled 7.1% in May, significantly above the national average of 5.8%, according to figures released today by the Bureau of Labor...
Louisiana lost nearly $500M in 2019 due to residents leaving
The collective wealth of Louisiana residents decreased by $484.9 million in 2019 due to population migration trends, The Center Square reports.Â
According to an analysis...
Louisiana tax revenue has yet to fully rebound from COVID-19 downturn
Monthly tax receipts collected in Louisiana from March 2020 to February 2021 were below the total tax revenues collected in the previous year, according...
US initial jobless claims rise for first time since April
The number of Americans applying for unemployment benefits rose last week for the first time since April despite widespread evidence that the economy and...
BRAC dashboard: Economy roaring back despite high jobless numbers
The Baton Rouge Area Chamber today released its monthly COVID-19 economic indicator dashboard that examines and assesses the impact of the COVID-19 pandemic on...
Louisiana tax swap plans win final passage to reach ballot
A long-recommended proposal to untie Louisiana's income tax collections from federal tax payments won passage today, the legislative session's last day, sending the concept...
As pandemic eases, employees gaining upper hand
For the first time in a generation, workers are gaining leverage over employers, the New York Times reports.Â
The change is due to businesses being...
Hiring in US picks up slightly in May, but workers still in short supply
Hiring in the U.S. rose in May yet was slowed again by the struggles of many companies to find enough workers to keep up...
Louisiana sees 6.7% decline in weekly initial unemployment claims
The number of initial unemployment claims filed in Louisiana dropped to 5,573 last week—a decrease of 403 from the week before, according to figures...
This economic recovery is vastly different from past booms
The U.S. economic recovery is unlike any in recent history, powered by consumers with trillions in extra savings, businesses eager to hire and enormous...
Dismukes: Higher oil prices likely to have muted impact on Louisiana
Oil prices this week hit multiyear highs above $70 a barrel, punctuating a global economic reawakening that has raised the prices of a broad range of commodities. But that doesn’t mean Louisiana should expect more drilling activity any time soon, according to one local energy expert.
Baton Rouge’s not seasonally adjusted unemployment rate 5.8% in April
Baton Rouge’s not seasonally adjusted unemployment rate fell to 5.8% in April, down from 11.7% last year, according to figures released today by the Louisiana Workforce Commission.
Fed official: Economy rebounding but businesses worry about inflation
While the local and national economies continue to improve in the aftermath of pandemic restrictions, officials who regulate the nation’s monetary policy are closely watching the unemployment and inflation rates to determine if and when they need to raise interest rates.
Companies relaxing job requirements to cope with worker shortagesÂ
Employers are loosening job requirements amid the most severe worker shortages in recent memory. In many cases, they’re hiring candidates with no experience and...
Legislature again stops business tax hike for unemployment trust fund
Louisiana lawmakers have agreed to keep the rules governing the state's unemployment trust fund static, avoiding the increase in business taxes and the drop...
US jobless claims continue falling as economy reopens furtherÂ
The number of Americans seeking unemployment benefits dropped last week to 406,000, a new pandemic low and more evidence that the job market is...
Raising the minimum wage: What 16 business owners and economists thinkÂ
The global pandemic and subsequent recession have brought many companies to the brink. At the same time, the fortunes of the 1% continue to...
Louisiana Senate’s $37B budget plan largely in line with House version
Louisiana state senators Monday unveiled their version of a $37 billion state operating budget that includes millions of dollars in new spending on education...
US jobless claims continue falling as job market strengthensÂ
The number of Americans seeking unemployment aid fell last week to 444,000, a new pandemic low and a sign that the job market keeps...
Louisiana private sector strengthens with expansions, openings
Louisiana’s private sector continues to strengthen, with job gains for the third quarter of last year outpacing job losses.Â
After a tumultuous spring last year,...
