Roundup: King cake season / Jobless benefits / Service industry growth

Sign up for the free Daily Report email – local news about the people, companies and issues that impact business impact business in Baton Rouge and beyond.

Mad dash: Today marks the start of the Carnival season, and Baton Rouge-area bakeries are hard at work preparing king cakes, WAFB-TV reports. However, global supply chain issues leave no industry untouched and have made it more challenging for bakers to get the seasonal staple together. Watch a feature here. 

Boosted: An unemployment compromise will deliver an 11% maximum increase in unemployment benefits for out-of-work Louisianans, starting this week, The Center Square reports. Gov. John Bel Edwards agreed to end federal unemployment benefits tied to COVID-19 relief funding five weeks early last year in exchange for the GOP-controlled Legislature’s commitment to permanently increase benefits at the state level. The result was Act 276 and the first jobless benefit increase in more than a decade. Read the full story.  

Slowdown: Growth in the U.S. service industry, where most Americans work, pulled back in December after expanding at a record pace the previous two months. The Institute for Supply Management reported this morning that its monthly survey of service industries declined to a reading of 62 last month, from an all-time high of 69.1 in November. Any reading above 50 indicates growth. See the full story. 

Comments (0)

From Our Partners

Daily Report Poll

ASK AI

Ask anything about Baton Rouge business