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Fewer Americans applied for jobless benefits last week
Though fewer Americans applied for initial unemployment benefits last week, the previous week's number was revised upward significantly, with claims breaching the 250,000 level...
Fed follows through on large rate hike aimed at taming inflation
As predicted, the Federal Reserve today raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time in...
Fed expected to announce three-quarter-point rate hike today
When it ends its latest policy meeting this afternoon, the Federal Reserve is expected to impose a second consecutive three-quarter-point hike in its benchmark...
How to know when a recession has begun
By one common definition, the U.S. economy is on the cusp of a recession. Yet that definition isn’t the one that counts.
On Thursday, when...
Fed set to impose another big rate hike this week to fight inflation
Conflicting signs about the health of the U.S. economy have thrust the Federal Reserve into a difficult spot.
With inflation raging at a four-decade high,...
Louisiana unemployment rate falls to 3.8% in JuneÂ
Louisiana posted a 3.8% unemployment rate last month, its lowest June rate since the U.S. Bureau of Labor Statistics began tracking in 1976,
Number of Americans filing initial jobless claims hits eight-month high
The number of Americans applying for unemployment benefits last week rose to the highest level in more than eight months in what may be...
Mortgage demand drops as interest rates cool hot housing marketÂ
The ailing mortgage market is only getting worse as higher interest rates and inflation hammer American consumers, CNBC reports.Â
Mortgage demand dropped more than 6%...
Louisiana still home to nation’s highest combined sales tax rate
The Washington, D.C.-based Tax Foundation ranks Louisiana as having the highest combined state and local sales tax rate in its Midyear 2022 report, matching the foundation’s ranking from earlier this year.Â
US initial jobless claims reach highest level in nearly eight monthsÂ
The number of Americans applying for unemployment benefits last week hit its highest level in nearly eight months, but the total number of those collecting benefits fell.
CNBC ranks Louisiana as 48th best state for businessÂ
Louisiana came in at No. 48 in CNBC’s annual Top States for Business ranking, beating out just Alaska and Mississippi.Â
CNBC ranked states based on...
US inflation reaches 40-year high of 9.1% in JuneÂ
Surging prices for gasoline, food and rent catapulted U.S. inflation to a four-decade peak in June, further pressuring households and likely sealing the case...
Strong jobs report for June likely means more interest rate hikes Â
America’s employers added 372,000 jobs in June, a surprisingly strong gain that will likely spur the Federal Reserve to keep sharply raising interest rates to cool the economy and slow price increases.
Holding the line against inflation
With the economy recovering from the pandemic, Capital Region businesses are now dealing with inflation and the possibility of a recession.
U.S. initial jobless claims reach highest level in nearly six months Â
More Americans applied for unemployment benefits last week and while layoffs remain low, it was the fifth consecutive week
Detailing why Fed raised rates higher than expected
Federal Reserve officials feared that high inflation could become entrenched in the economy and concluded that they may need to push interest rates higher...
US job openings fell in May but still outnumber those looking for workÂ
Job openings fell sharply in May but still far outnumbered the people looking for work, the Bureau of Labor Statistics reports this morning.
Louisiana first quarter GDP drops 4.3%, greater than national decline
Louisiana’s real gross domestic product decreased at an annual rate of 4.3 percent during the first quarter of this year, a larger drop than the national GDP,
US unemployment claims continue to dropÂ
Slightly fewer Americans applied for unemployment benefits last week, reflecting a robust job market despite rising job cuts in some sectors
Fed chair: ‘No guarantee’ anti-inflation measures won’t hurt job marketÂ
Federal Reserve Chair Jerome Powell says there's “no guarantee'' the central bank can tame runaway inflation without hurting the job market.
