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Baton Rouge metro unemployment rate ticks upward in MayÂ
Unemployment in the Baton Rouge metro area ticked up to 3.2% in May, from 3.1% the month before
US economy slipped 1.6% to start yearÂ
The U.S. economy shrank at a 1.6% annual pace in the first three months of the year, the government reported this morning in a slight downgrade from its previous estimate for January-March quarter
Why the current economy looks so weirdÂ
The job market is strong, but layoffs are happening. Businesses are pessimistic, but consumers are still spending.
If you're having a hard time figuring out...
Job market power slowly shifting back to employersÂ
There are increasing signs that workers' power, a consequence of the hot COVID-era economy, is leveling off or even diminishing in some sectors, Axios...
Louisiana near US basement on income growth
Louisiana workers’ personal income grew at a 2% annual rate in the first quarter of this year, slower than all but three states and...
Biden calling for suspension of federal gasoline and diesel taxesÂ
As gas prices are predicted to continue their ascent, President Joe Biden today will call on Congress to suspend federal gasoline and diesel taxes...
How the Fed’s interest rate hike will drastically change mortgages
The quick rise in mortgage rates means homebuyers will need to pay significantly more for a home loan compared to even just eight months ago.
Seven ways to financially prepare for a recessionÂ
Inflation is at a 40-year high. Interest rates are rising. The stock market is taking investors on a roller-coaster ride with terrifying drops. And...
US initial jobless claims dip slightlyÂ
Fewer Americans applied for unemployment benefits last week as the U.S. job market remains strong in the face of rising inflation and interest rates.
Fed attacks inflation with its largest rate hike since 1994
The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point
Rising interest rates hike concerns for commercial real estate
Rising interest rates could soon send Capital Region real estate deals back to the drawing board.Â
The Federal Reserve is expected to raise rates today...
LSU professor warns against ‘stagnation’ amid recession fears
As experts warn of the possibility of a mild recession, business owners may respond by pulling back, hunkering down and protecting cash.Â
Hot inflation dims likelihood Fed can achieve ‘soft landing’
For months, Chair Jerome Powell has held out hope that the Federal Reserve will be able to raise interest rates high enough to throttle rampant inflation without tipping the economy into recession.
Louisiana wins Silver Shovel Award for economic developmentÂ
Economic development trade publication Area Development magazine has presented Louisiana with the 2022 Silver Shovel Award
U.S. initial unemployment claims rise by 27,000Â
More Americans applied for jobless aid last week, but the total number of those collecting unemployment remains at a five-decade low.
Baton Rouge continues to add jobs despite hiring strugglesÂ
The Capital Region is just 9,000 jobs shy of pre-pandemic levels, according to the latest economic indicator report from the Baton Rouge Area Chamber.Â
Adjustable rate mortgages draws rising interest from homebuyers
The average fixed rate on a 30-year mortgage is 5.09%, up from below 3% in November and the highest it’s been since 2018, according to the Federal Reserve Bank of St. Louis.Â
How America’s labor market has transformed since 2019Â
More warehouse workers, fewer waiters. More health store employees, fewer in public schools. The overall job market is nearly back to full strength, but...
US initial jobless claims fall by 11,000 from previous week
Fewer Americans applied for jobless aid last week with the number of Americans collecting unemployment at historically low levels.
Baton Rouge area adds nearly 8,000 jobs since April 2020Â
The Baton Rouge metro area has added nearly 8,000 jobs since April 2020, with 328 new jobs created between March and April of this year, according to a new report from the Bureau of Labor Statistics.Â
