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LED releases annual review of economic efforts
Louisiana Economic Development today released “Louisiana Is A Force,” the state agency’s annual report that documents its efforts to attract investment and jobs to...
Amazon site at Cortana could create up to 3,500 jobs, sources say
The planned Amazon distribution facility at the site of the former Cortana Mall will be larger and will employ more workers than documents filed with the city-parish to date have indicated, according to sources familiar with the project.
Gallup: Economic confidence is improving
Americans' pessimism about U.S. economic conditions has eased slightly, although Gallup's Economic Confidence Index remains in negative territory. An eight-point increase to -13 this...
US unemployment lowest since November
The number of Americans seeking unemployment benefits fell sharply last week but remained high by historical standards.
Applications for benefits declined 111,000 from the previous...
DOTD secretary gives agency a ‘B’ for winter weather response
Louisiana Department of Transportation and Development Secretary Shawn Wilson says his agency performed phenomenally with key assists from the National Guard and the State...
Report: Louisiana economy won’t completely recover until late 2022
Louisiana’s economy will return to pre-COVID-19 levels late next year at the earliest based on the current pace of recovery, according to a new...
Federal Reserve: Evidence points to an improving job market
The Federal Reserve says there's evidence that hiring has picked up in recent weeks, though the job market remains badly damaged by the pandemic.
In...
Louisiana state income tax rates are highest in Deep South
With top marginal rates in Louisiana reaching 6%, the state income tax rate is among the highest in the South—and No. 1 in the...
US weekly initial jobless claims rise as layoffs remain high
The number of Americans applying for unemployment aid rose last week to 861,000, evidence that layoffs remain painfully high despite a steady drop in...
Economists: Millions of US jobs probably aren’t coming back
Millions of jobs that have been shortchanged or wiped out entirely by the coronavirus pandemic are unlikely to come back, economists warn, setting up...
Could tying minimum wage increase to cost of living help sell Biden’s proposal?
A centerpiece of the Biden administration's economic proposals is its pitch to double the national minimum wage to $15 an hour. Whether Biden's proposal...
Baton Rouge unemployment claims continue to decline
Baton Rouge initial and continued unemployment claims continue to fall, according to the latest figures from the Louisiana Workforce Commission, as the economy grapples...
US salaries recover faster than jobs
In a stark sign of the economic inequality that has marked the pandemic recession and recovery, Americans as a whole are now earning the...
US weekly initial jobless claims drop slightly
The number of Americans seeking unemployment benefits fell slightly last week to 793,000, evidence that job cuts remain high despite a substantial decline in...
Louisiana legislators to hear from industry, public on Biden’s lease moratorium
The Louisiana House Natural Resources and Environment Committee will host a joint meeting with the Senate Natural Resources Committee Wednesday morning at 9:30 a.m....
Think you’re worse off financially than a year ago? Gallup says you’re not alone
Americans’ views of their financial situation worsened in 2020, reports pollster Gallup, serving as a reflection of how the coronavirus pandemic has impacted people’s...
CBO report: Raising minimum wage would cost jobs but reduce poverty
Raising the minimum wage to $15 an hour would significantly reduce poverty and increase earnings for millions of low-wage workers, while adding to the...
Louisiana sees 14.5% dip in weekly initial unemployment claims
During the week ending Jan. 30, 1,628 fewer initial unemployment claims were filed in Louisiana than the week before, according to the latest figures...
US initial unemployment claims reach lowest number in two months
The number of Americans seeking unemployment benefits declined to 779,000 last week, a still-historically high total that shows that a sizable number of people...
Baton Rouge’s 6.1% jobless rate in December bettered US average
Baton Rouge’s unemployment rate in December 2020 totaled 6.1%, with 25,275 jobless people in the metro area by the end of the month, according...
