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Content Tagged As economy

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  • Exporting oil gains powerful backer

    July 29, 2015 9:08 PM

    WASHINGTON- The push by U.S. oil companies to export oil and do away with a ban has a powerful supporter. House Speaker John Boehner says the decades-old ban is outdated and exporting U.S. crude would be a huge boost to the economy.Boehner claims it could create up to a... more »
  • Louisiana's unemployment rate dips as employer payrolls grow

    July 21, 2015 1:51 PM

    Louisiana's unemployment rate dipped in June as people left the labor force, even as employer payrolls showed strength. The state's jobless fell to 6.4 percent after three months at 6.6 percent. The unemployment rate remained above June 2014's 6.2 percent rate. The labor force fell by more than 4,000, while... more »
  • Analysts say Iran deal will lead to gas cheaper than $2

    July 14, 2015 12:35 PM

    NEW YORK - Analysts say thanks in part to the Iran nuclear deal, drivers in the U. S. could see gas prices drop below $2 a gallon by this fall. CNN reports that Iran hasn't been able to sell oil to the U. S. since 1995, and other nations... more »
  • Walker making Industrial Park road improvements check to see if lock exists for regeneration Play Video

    June 29, 2015 5:46 PM

    WALKER - The city of Walker plans to pave the way for future industrial growth in the Livingston Parish Industrial Park by rehabilitating the only road through the area. The Walker City Council will give the roadwork plans a green light at its meeting Monday. The city will redo... more »
  • US stocks notch worst day of year as Greek crisis escalates

    June 29, 2015 4:14 PM

    NEW YORK - Stocks are closing with their biggest losses of the year as investors worry about fallout from Greece's worsening debt crisis. Greece is moving closer to defaulting on its debt and could be forced to abandon the euro currency. The Dow Jones industrial average dropped 350 points, or... more »
  • Incomes rise for bottom 99 percent, but inequality still worsens

    June 29, 2015 3:47 PM

    WASHINGTON - Solid job growth is finally boosting paychecks. Incomes for the bottom 99 percent of American families rose 3.3 percent last year -- the biggest annual gain in the past 15 years. That's according to data compiled by economist Emmanuel Saez and released today by the Washington Center for... more »
  • Louisiana trails national growth rate in personal income

    June 22, 2015 12:39 PM

    NEW ORLEANS - Personal income in Louisiana grew at a 0.8 percent annual rate in 2015's first quarter. Figures released Monday by the U.S. Commerce Department showed growth rebounded from 0.5 percent in the last quarter of 2014. Louisiana trailed the national growth rate of 0.9 percent, ranking 35th among... more »
  • Analysts: Health law repeal boosts economy, adds red ink

    June 19, 2015 11:31 AM

    WASHINGTON - A new nonpartisan government study says that repealing President Barack Obama's signature health care law would boost the economy even as it increases budget deficits. The Congressional Budget Office says that completely repealing the law would, on average, increase the economy by 0.7 percent a year when economic... more »
  • Fed sees stronger economy but leaves key rate at record low

    June 17, 2015 2:08 PM

    WASHINGTON - The Federal Reserve says the U.S. economy has strengthened since a slump early this year but wants to see further gains in the job market and higher inflation before raising interest rates from record lows. The Fed is giving no timetable for a rate hike but says it... more »
  • Louisiana output grows 1.9 percent in 2014, below US average

    June 10, 2015 10:59 AM

    BATON ROUGE - New figures show Louisiana's economy grew by 1.9 percent in 2014, lagging nationwide growth of 2.2 percent. Gross domestic product numbers released Wednesday by the federal Bureau of Economic Analysis try to measure all of the economic output of each state. The part of Louisiana's manufacturing sector... more »
  • Number of US job openings jumped to a 15-year high in April

    June 9, 2015 11:27 AM

    WASHINGTON - U.S. employers advertised the most open jobs in April than at any time in the 15 years that the government has tracked the data, a sign that this year's steady hiring will likely continue. The Labor Department says the number of open jobs at the end of April... more »
  • Economists: Job gains should drive the economy

    June 5, 2015 2:27 PM

    WASHINGTON - Economists say the latest job gains should help drive the economy through the rest of the year. Employers added 280,000 jobs in May, showing that the economy has regained momentum after starting the year in a deep slump. The unemployment rate ticked up to 5.5 percent from 5.4... more »
  • Unemployment rates fell in 23 US states in April

    May 27, 2015 10:56 AM

    WASHINGTON - Unemployment rates fell in 23 U.S. states in April as hiring rebounded nationwide from weak job gains the previous month. The Labor Department says that 11 states reported a higher unemployment rate than in March, while 16 states saw no change. Forty states gained jobs, and 9 states... more »
  • More oil industry layoffs

    May 20, 2015 11:37 PM

    LAFAYETTE - The falling oil prices have taken its toll on more Louisiana oil industry workers. The Associated Press reported Wednesday night, Frank's International is laying off 150 of its employees in Lafayette. The company is trying to trim its workforce by 400 to 600 employees. Workers were told... more »
  • Deficit shrinks with record monthly surplus

    May 12, 2015 8:48 PM

    WASHINGTON- A flood of tax payments in April left the country with the largest monthly budget surplus in seven years according to the Treasury Department. Government receipts were $471.8 billion, the largest monthly total on record and the largest surplus since April of 2008. Tax receipts have climbed due... more »
  • Noting slower growth, Fed keeps interest rates on hold

    April 29, 2015 2:10 PM

    WASHINGTON - The Federal Reserve has downgraded its assessment of the economy after a winter that saw growth slow to a trickle. It kept its key interest rate unchanged. On a day when the government said the economy barely grew in the January-March quarter, the Fed gave no indication it... more »
  • La. unemployment rate improves even as payrolls fall

    April 21, 2015 2:44 PM

    BATON ROUGE - Louisiana's unemployment rate continued to fall in March, even as employer payrolls fell. The state's jobless rate fell to 6.6 percent from 6.7 percent in February. That's well above the 5.5 percent the state recorded in March 2014. Unemployment has declined over the past three months as... more »
  • Counterfeit cash scam hits St. Francisville check to see if lock exists for regeneration Play Video

    April 17, 2015 5:39 PM

    ST. FRANCISVILLE - Yesterday News 2 looked into a fake money scheme in St. Amant, but it seems that another counterfeit scam has reached West Feliciana Parish. A week ago, police got a call from the Dollar General in town saying they detected counterfeit money. Investigators say two suspects... more »
  • Economy at moderate pace

    April 15, 2015 7:47 PM

    WASHINGTON- The harsh winter, the rising value of the dollar and a big plunge in oil prices are adverse effects to the economy but the Federal Reserve says its growing moderately. The Fed says in its latest survey of business conditions around the country that eight of its 12... more »
  • Council approves raises for city-parish workers check to see if lock exists for regeneration Play Video

    March 25, 2015 4:40 PM

    BATON ROUGE - City workers got a raise Wednesday afternoon following a vote by the Metro Council and deals worked out with unions. Raises would vary from 2-4.5% based on how long employees have worked with the city-parish. A study conducted two years ago found City-Parish workers are some... more »
  • Louisiana-based management company touts success

    March 18, 2015 2:52 PM

    NATCHITOCHES - A central Louisiana-based pharmacy benefit management company announced it's entering its fifth year of business in a news release Wednesday. Southern Script is the only Louisiana-owned business of its kind, owners said. For four years it has helped government and non profit groups manage pharmaceutical solutions. ... more »
  • Louisiana unemployment rate falls, but so do payrolls

    March 17, 2015 10:39 AM

    BATON ROUGE - Louisiana's job market sputtered in January as the state recorded the third-highest unemployment rate among the states. The state's jobless rate fell to 7 percent from 7.2 percent in December. That's well above the 5.5 percent the state recorded in January 2014. Unemployment increases have been driven... more »
  • Jeff Kleinpeter announces retirement from family dairy company

    March 11, 2015 2:59 PM

    BATON ROUGE - Jeff Kleinpeter announced his retirement from the dairy company his family founded. Kleinpeter said in a news release he wanted to focus his attention on "some of the things I used to do and love." He made the decision after taking a sabbatical from his position... more »
  • Baton Rouge to be home to TV series

    March 5, 2015 10:31 PM

    BATON ROUGE - Producers have settled on the Capital City as the shooting location for a Sundance Channel TV show that, at first, will shoot six episodes and a pilot. The city announced plans for "Hap & Leonard" in a news release Thursday. The show is adapted from author... more »
  • Looming budget cuts force LSU to delay construction on athlete center

    March 3, 2015 11:10 PM

    BATON ROUGE - LSU announced late Tuesday, it was delaying construction of its new Tiger Athletic Nutrition Center. Construction was set to begin in April on the $12 million facility near the old Box. Funding for the project has already been secured through donations but university officials said with... more »
  • Tom Benson got even richer

    March 2, 2015 10:33 PM

    BATON ROUGE - Tom Benson seems to have become even wealthier in the last few years. Monday, Forbes released its annual ranking of the richest people in the world. Benson was on it, of course, and is the lone representative from Louisiana. Benson, the owner of the New... more »
  • State begins processing tax returns; refunds coming

    March 2, 2015 10:24 PM

    BATON ROUGE - The state has started issuing state tax refunds, it announced Monday. Refunds were withheld for about two weeks so the state could more thoroughly screen tax returns in light of fraudulent returns being filed across the country The Department of Revenue originally said it would not... more »
  • Louisiana reaches export record of $65.1 billion

    February 27, 2015 10:29 AM

    BATON ROUGE - The U.S. Department of Commerce says merchandise exports from Louisiana climbed 2.8 percent to a record $65.1 billion in 2014, and new trade agreements could boost those totals in the coming years. The World Trade Center in New Orleans says the 2014 gain marked the sixth consecutive... more »
  • New money is green light for some Green Light projects

    February 25, 2015 10:33 PM

    BATON ROUGE - The city will jump start five Green Light road construction projects thanks to bond refinancing that will generate $40 million. The entire project is paid for by a 2005 half-cent sales tax program. So far, about $508 million has been spent on upgrades across the parish.... more »
  • US consumer confidence slides after big January gain

    February 24, 2015 10:06 AM

    WASHINGTON - U.S. consumer confidence fell this month after a big gain in January but remains higher than it was before the Great Recession. The Conference Board reports that its consumer confidence index dropped this month 96.4 from a revised 103.8 in January. The February and January readings are the... more »
  • Initial claims for unemployment fall

    February 20, 2015 4:27 PM

    BATON ROUGE - The state labor department says first-time claims for unemployment insurance in Louisiana for the week ending Feb. 14 decreased to 2,522 from the previous week's total of 2,939. For the comparable week a year earlier, there were 1,993 initial claims, officials said Friday. The four-week moving average,... more »
  • Fed officials stress patience in rate hike talks

    February 18, 2015 1:29 PM

    WASHINGTON - Federal Reserve policymakers do not appear ready to start raising interest rates anytime soon, with officials expressing concerns about inflation and lingering weakness in the labor market. Minutes of the Fed's Jan. 27-28 meeting released Wednesday show that officials struggled to determine the appropriate timing for a rate... more »
  • US allows imports of privately produced products from Cuba

    February 13, 2015 12:36 PM

    HAVANA - The Obama administration is announcing that it will allow Cuba's small private business sector to sell goods to the United States in a potentially important loosening of the half-century trade embargo on the communist island. A list published by the U.S. State Department Friday says Americans will be... more »
  • Taxes placed on Livingston May ballot

    February 12, 2015 11:06 PM

    LIVINGSTON - Parish leaders approved putting two tax measures on the May ballot Thursday night. One is the second attempt for the fire department covering the Holden area. A tax renewal failed in December. The department believes low voter turnout and knowledge about the renewal caused the defeat. ... more »
  • Tourism numbers up for Baton Rouge check to see if lock exists for regeneration Play Video

    February 12, 2015 5:18 PM

    BATON ROUGE - Tourism is looking good for the city driven largely by the hospitality and film industries, and local businesses are more than happy to reap the benefits. "It would be very difficult for us to top 2014, but we think 2015 will be among the best years... more »
  • Check your Powerball tickets!

    February 11, 2015 10:13 PM

    BATON ROUGE - People across the capital region checked tickets Wednesday night as the numbers for the third-largest Powerball jackpot were announced. The numbers pulled were: 11-13-25-39-54 and the Powerball was 19. The jackpot was more than half-a-billion dollars. Fourteen million tickets were sold in Louisiana. "I... more »
  • Initial unemployment claims rise in La.

    February 6, 2015 4:19 PM

    BATON ROUGE - First-time claims for unemployment insurance in Louisiana for the week ending Jan. 31 increased from the previous week's total. The state labor department figures released Friday show the initial claims increased to 2,676 from the previous week's total of 2,531. For the comparable week a year earlier,... more »
  • US consumer borrowing rises $14.8 billion in December

    February 6, 2015 2:43 PM

    WASHINGTON - Consumers increased their borrowing in December, with the category that includes credit cards rising at the fastest pace in eight months. That could be an indication that consumer spending will strengthen as strong jobs gains give shoppers more confidence about taking on debt. The Federal Reserve says that... more »
  • Obama sending $4 trillion spending plan to Congress

    February 2, 2015 2:20 AM

    WASHINGTON, D.C. - President Barack Obama is sending Congress a $4 trillion budget that seeks to raise taxes on wealthier Americans and corporations and use the extra income to lift the fortunes of families who have felt squeezed during tough economic times. The budget being proposed Monday would also ease... more »
  • Oil soars on signs US oil companies curtail production

    January 30, 2015 2:52 PM

    NEW YORK - The price of oil is up 7 percent on indications that production in the U.S. has slowed following the big drop in prices since last June. U.S. oil surged $3.18 to $47.71 a barrel. Baker Hughes reported that the number of rigs drilling for oil in the... more »
  • Analyst: Slowdown in GDP no cause for concern

    January 30, 2015 10:30 AM

    WASHINGTON - Although a slowdown in economic growth is helping to send stocks lower today, one private analyst says it's nothing to worry about. Growth slowed to a 2.6 percent pace in the fourth quarter of 2014, as a big burst in consumer spending was offset by weakness in other... more »
  • La. jobless rate rises even as job totals hit record highs

    January 27, 2015 2:44 PM

    UNDATED - Louisiana's economy keeps creating jobs, but it can't keep up with the state's growing workforce. The state's unemployment rate rose in December for the eighth straight month, to 6.7 percent from 6.5 percent in November. Louisiana now ties for the sixth-highest jobless rate among the states. But at... more »
  • Unemployment rates fall in 42 US states amid broad hiring

    January 27, 2015 10:04 AM

    WASHINGTON - Unemployment rates fell in 42 U.S. states last month, the latest sign that strong hiring is boosting job opportunities nationwide. The Labor Department said Tuesday that rates rose in just four states last month and were unchanged in four others. Job gains remained healthy in states with large... more »
  • Super Bowl host city still reeling over sports deals

    January 26, 2015 5:25 AM

    GLENDALE, AZ - The entire world will be watching Glendale on Sunday as it hosts the Super Bowl. What may be not visible amid all the hoopla is a sobering reality about the Super Bowl host city: Glendale is suffering deep financial issues over its troubled effort to become a... more »
  • Carnival chaos! Beads stuck on docks, delayed

    January 23, 2015 10:25 PM

    NEW ORLEANS - A labor dispute has disrupted shipments of Mardi Gras beads for krewes in South Louisiana. There is a contract dispute unfolding on the docks of Los Angeles between workers and shipping companies. It has caused delays and put beads on back order. Stores are having... more »
  • Obama in State of the Union: Economy growing, help middle class, tax very wealthy, seek common ground

    January 21, 2015 2:12 AM

    WASHINGTON, D.C. - President Barack Obama has used his first State of the Union Address to a GOP-controlled Congress to say that the nation's economy is emerging from the "shadow of crisis." The president listed positive economic indicators including higher employment and a lower national debt. After finishing the rundown,... more »
  • The State of the Union & You check to see if lock exists for regeneration Play Video

    January 20, 2015 8:50 AM

    BATON ROUGE - President Obama is set to deliver his annual State of the Union address before Congress tonight. The main focus of the speech is expected to be economics. It comes just a week after a study revealed the cost of living in Baton Rouge is too high... more »
  • Fed survey finds moderate economic growth

    January 14, 2015 1:08 PM

    WASHINGTON - The Federal Reserve says the U.S. economy was growing at a moderate pace in December and early January, helped by gains in sales of autos and other consumer products, increased factory production and a pickup in tourism in various parts of the country. The Fed says business contacts... more »
  • Ads warning of crime in French Quarter play on BR television

    January 13, 2015 10:31 PM

    BATON ROUGE- A businessman from New Orleans has expanded a commercial campaign to this city, highlighting violence on the streets of the French Quarter. Sidney Torres, who lives in New Orleans' historic district, started by buying television airtime in New Orleans and expanded it to Baton Rouge this week.... more »
  • Report: It takes more than $55k to live securely in BR

    January 13, 2015 10:16 PM

    BATON ROUGE- The city has the second-highest cost of living in the state and, according to a new study by Loyola University, it is contributing to peoples' struggle to make ends meet. A family with two adults and two children must take home at least about $63,648 each year... more »
  • S&P 500 index ends 2014 with a gain of 11 percent

    December 31, 2014 3:18 PM

    NEW YORK - The U.S. stock market had another solid year. The Standard & Poor's 500 rose 11.4 percent for 2014. The Dow Jones industrial average gained 7 percent and the Nasdaq composite rose 13 percent. On Wednesday the market started higher but gave up those gains by the afternoon.... more »
  • Initial unemployment claims rise

    December 29, 2014 12:12 PM

    BATON ROUGE - The state labor department says first-time claims for unemployment insurance in Louisiana for the week ending Dec. 20 increased to 2,531 from the previous week's total of 2,506. For the comparable week a year earlier, there were 2,578 initial claims, officials said Monday. The four-week moving average,... more »
  • Did you spend what everyone else did on gifts today?

    December 24, 2014 11:09 PM

    BATON ROUGE - Shoppers took to area stores Wednesday to make last minute buys for Christmas. As last as 9 p.m., people were still on the streets. Many people had to visit drug or convenience stores because they waited until all other establishments were closed. Shoppers had procrastinated... more »
  • Surge in workers keeps pushing up La. jobless rate

    December 19, 2014 2:34 PM

    Louisiana's unemployment rate rose for the seventh straight month in November, and what had been strong growth in employer payrolls waned. The state's jobless rate rose to 6.5 percent, as growth in job seekers continued to outstrip increases in the number of people reporting they have jobs. The unemployment rate... more »
  • Obama: 2014 made 'significant strides where it counts'

    December 19, 2014 1:06 PM

    WASHINGTON - President Barack Obama claims an array of successes in 2014, citing lower unemployment, a rising number of Americans covered by health insurance, and an historic diplomatic opening with Cuba. He also touts his own executive action and a Chinese agreement to combat global warming. At a news conference... more »
  • Baton Rouge home to cheapest gas in USA

    December 18, 2014 10:56 PM

    BATON ROUGE- A price war between competing stations helped the price for a gallon of regular gasoline drop to $1.77 Thursday. This made it the second-lowest in the country. The only other city where a store was selling cheaper gas Thursday was in Oklahoma City for $1.68. Costco... more »
  • Cheap gas good for businesses, not for La. budget

    December 16, 2014 5:20 PM

    BATON ROUGE - For consumers and business owners falling gas prices mean more money in the bank, but the state's budget could take a hit. Local businesses like Billy Heroman's Flowers are benefiting from cheap gas prices. The florists deliver around 200 bouquets each day around Christmas using 35... more »
  • Economist: La. tax break programs are 'open-ended' spending

    December 15, 2014 2:36 PM

    BATON ROUGE - The Legislature's chief economist says state officials need to look at Louisiana's long list of tax breaks as spending programs that siphon dollars away from the budget. Louisiana has $7 billion in various tax credits, rebates and deductions. Greg Albrecht said Monday that the programs take money... more »
  • Gas hits 2008 low in Baton Rouge

    December 12, 2014 10:53 PM

    BATON ROUGE- A price war over gasoline forced a ten cent drop at the pumps Friday. Costco and Sam's, the two stores that have been jockeying for the cheapest fuel in the region, both dropped the price of a gallon of regular fuel to $1.89. Wednesday, the stores were... more »
  • Obama: Job growth means 'real progress' in economy

    December 5, 2014 10:31 AM

    WASHINGTON - President Barack Obama says the November jobs numbers show the American economy is "making real progress." The government reported Friday that employers added 321,000 jobs in November. Obama spoke before nominating Ashton Carter as his new Defense secretary. Obama says the pace can continue if Congress keeps government... more »
  • Local shoppers support small businesses

    November 29, 2014 5:59 PM

    DENHAM SPRINGS - Small Business Saturday encourages shoppers to hit the local businesses every year the day after Black Friday. The day was started in 2010 by American Express Credit Cards as an effort to promote shopping at independent businesses. Susan Longmire, a small business owner in Denham... more »
  • Gas prices leaving extra cash in your pocket check to see if lock exists for regeneration Play Video

    November 19, 2014 7:11 PM

    BATON ROUGE- The price of gas has dropped as low as $2.30 a gallon in the Capital City and the savings at the pump mean more cash for the holidays. "I could add in the iPads or something like that, that I wouldn't normally be able to afford," said... more »
  • BRAC forsees historic economic growth around B.R. check to see if lock exists for regeneration Play Video

    November 18, 2014 4:04 PM

    BATON ROUGE - The Baton Rouge Area Chamber said they see an all-time high for employment in the Baton Rouge region's future. Adam Knapp presented BRAC's economic outlook for 2015 Tuesday. The forecast shows a historic rise in employment. "Almost every indicator you can find points to an... more »
  • US retail sales rise on autos, online purchases

    November 14, 2014 10:18 AM

    WASHINGTON - U.S. retail sales rose at a modest pace in October, evidence that recent job gains and lower gas prices are lifting consumer spending. The Commerce Department says retail sales rose 0.3 percent last month after falling by the same amount in September. Excluding gas stations, where falling prices... more »
  • US employers add 214K jobs, rate falls to 5.8 pct.

    November 7, 2014 11:00 AM

    WASHINGTON - Falling unemployment still isn't doing much to raise worker pay. The government says employers added 214,000 jobs last month, lowering the jobless rate to 5.8 percent. But the average hourly pay of workers rose only slightly, a glaring weak spot in an otherwise solid report. In... more »
  • New city budget doesn't include raises, but beefs up police force

    November 5, 2014 6:42 PM

    BATON ROUGE- The mayor released his proposed budget for the city-parish Wednesday and it did not include a raise for all city workers but promised raises instead. For years, rank and file workers have asked for an increase. Last year, the city performed a pay study to determine possible... more »
  • Jindal, Kennedy budget dispute continues

    October 30, 2014 4:54 PM

    BATON ROUGE - Gov. Bobby Jindal's administration says Treasurer John Kennedy's refusal to sign state borrowing paperwork could cost the state money and delay construction projects if a deal can't be reached soon. And the administration is asking lawmakers to put pressure on Kennedy. Kennedy disputes the claim, saying... more »
  • Fed keeps rate at record low, ends bond buying

    October 29, 2014 1:26 PM

    WASHINGTON - The Federal Reserve plans to keep a key interest rate at a record low to support a U.S. job market that isn't fully healthy and help lift inflation from unusually low levels. As expected, it's also ending a bond purchase program that was intended to keep long-term rates... more »
  • US consumer confidence jumps to 7-year high

    October 28, 2014 10:40 AM

    WASHINGTON - Consumer confidence has rebounded strongly this month, hitting a seven-year high as solid job gains raise expectations for economic growth. The Conference Board says its confidence index climbed to 94.5, the strongest reading since October 2007 and the start of the Great Recession a few months later. This... more »
  • People line up for cheap gas

    October 17, 2014 11:09 PM

    BATON ROUGE- People lined up for gas like they were evacuating a hurricane Friday as prices dipped to near four-year lows. At the Sam's on Mall Drive, lines were five cars deep at pumps. At the station, members paid $2.61 per gallon. People who did not have a member... more »
  • US jobless aid applications fall to 14-year low

    October 16, 2014 10:29 AM

    WASHINGTON - The number of people seeking U.S. unemployment aid dropped to the lowest level in 14 years last week, the latest signal that companies are cutting few workers and hiring could remain healthy. The Labor Department says weekly applications for unemployment aid fell 23,000 to a seasonally adjusted 264,000,... more »
  • BR leaders fear EPA plans could hurt economy check to see if lock exists for regeneration Play Video

    October 7, 2014 4:39 PM

    BATON ROUGE - The Environmental Protection Agency wants to change air quality standards, but Baton Rouge city leaders fear the changes could cost Louisiana billions. Councilman Buddy Amoroso feels tougher air quality standards would cripple the state's economy. "You know to me I think it would kill our... more »
  • US job openings rising in August as hiring falls

    October 7, 2014 10:24 AM

    WASHINGTON - U.S. employers advertised the most job openings in nearly 14 years during August, yet their pace of hiring fell compared to July. The Labor Department says that available jobs rose 230,000 to 4.84 million in August. Restaurants, hotels and health care providers drove much of the increase, which... more »
  • Poll: Americans worry can government protect us?

    October 5, 2014 10:43 AM

    WASHINGTON - The latest Associated Press-GfK poll finds that Americans lack confidence in the government's ability to protect their personal safety and economic security. It's a sign that people's widespread unease about the state of the nation extends far beyond politics. More than half of those questioned say Washington can't... more »
  • Obama highlighting nation's manufacturing gains

    October 3, 2014 3:36 AM

    WASHINGTON, D.C. - President Barack Obama is putting a manufacturing focus on his revived economic message, calling attention to industrial gains that have helped restore some higher-wage jobs during the recovery from the Great Recession. Obama visits a steel manufacturer Friday in Princeton, Indiana, as part of a new fall... more »
  • Obama talks economy ahead of midterm elections

    October 2, 2014 2:34 AM

    CHICAGO, IL - President Barack Obama is trying to frame the closing economic arguments of the midterm campaign with a speech at Northwestern University. The speech Thursday is designed to let voters know that he hasn't forgotten about their financial struggles despite weeks of being consumed by global crises. A... more »
  • Economy, foreign affairs at center of midterm elections

    October 1, 2014 2:37 AM

    WASHINGTON, D.C. - President Barack Obama's escalating militarism in the Middle East has drowned out the economic pitch he hoped would help salvage a midterm election that has been favoring Republicans. But the airstrikes against Islamic State extremists have also introduced a new complicating factor into the fall campaign... more »
  • New business site gets certification in Walker check to see if lock exists for regeneration Play Video

    September 3, 2014 3:39 PM

    WALKER - For the first time ever in Livingston Parish, a tract of land has been certified under the Louisiana Economic Development certified-sites program. The 93-acre site in the Livingston Parish Industrial Park just off Florida Boulevard in Walker is the twentieth certified site in the Capital Region, according... more »
  • Survey: US consumer confidence near a 7-year high

    August 26, 2014 10:29 AM

    WASHINGTON - U.S. consumer confidence this month reached its highest point in nearly seven years, boosted by strong job gains. The Conference Board says its confidence index rose for a fourth straight month to 92.4 from 90.3 in July. The August reading is the highest since October 2007, two months... more »
  • US economy grew at strong 4 percent rate in spring

    July 30, 2014 10:29 AM

    WASHINGTON - After a dismal winter, the U.S. economy sprang back to life in the April-June quarter, growing at a fast 4 percent annual rate on the strength of higher consumer and business spending. The Commerce Department says the second-quarter rebound followed a sharp 2.1 percent annualized drop in economic... more »
  • Economists encouraged by retail sales report

    July 15, 2014 1:15 PM

    WASHINGTON - The retail sales numbers for June indicate that consumers are still cautious, despite steady job gains this year. The Commerce Department says sales rose by just two-tenths of one percent last month, held back by a sharp drop at building and garden supply stores. Sales also fell at... more »
  • Fed split on signals for first rate increase

    July 9, 2014 1:15 PM

    WASHINGTON - Federal Reserve officials had differing views on the best way to signal to financial markets when they might raise a key short-term interest rate. They were in broad agreement, however, that their monthly bond buying program will end in October. Minutes of the Fed's June 17-18 meeting showed... more »
  • US hiring surges as unemployment dips to 6.1 pct.

    July 3, 2014 10:48 AM

    WASHINGTON - The June jobs report shows the U.S. economy moving steadily closer to full health, after having shrunk at the start of the year. The Labor Department reports employers added 288,000 jobs last month, far more than economists had been expecting. It also revised the job gains for April... more »
  • Louisiana economic growth lags nation in 2013

    June 11, 2014 10:25 AM

    BATON ROUGE - New figures show Louisiana's economy grew by 1.3 percent in 2013, lagging neighboring states and the nation. Gross domestic product numbers released Wednesday by the federal Bureau of Economic Analysis try to measure all of the economic output of each state. Louisiana's 2013 growth rate was below... more »
  • Applications up slightly for US jobless aid

    June 5, 2014 10:33 AM

    WASHINGTON - Slightly more Americans sought unemployment benefits last week, but claims for jobless aid continue to hover near seven-year lows. The Labor Department says weekly applications for unemployment benefits rose 8,000 to a seasonally adjusted 312,000. The four-week average, a less volatile measure, fell to 310,250. That's the lowest... more »
  • Louisiana companies gain, lose on Fortune 500 list

    June 4, 2014 12:49 PM

    MONROE- The Fortune 500 company based here, one of only two in Louisiana, dropped in the rankings when the 2014 list was released. CenturyLink fell from 150th to 158th. Its revenue was in the ball park of $18 billion. But, New Orleans' Entergy Corp. grew in the rankings.... more »
  • US gains 288k jobs; jobless rate falls to 6.3 pct.

    May 2, 2014 10:30 AM

    WASHINGTON - The U.S. unemployment rate plunged in April to its lowest level since September 2008 as employers added 288,000 jobs, the most in two years. The figures are a clear sign that the economy is picking up after a brutal winter slowed growth. The Labor Department says the unemployment... more »
  • Obama blames Republicans for blocking wage vote

    April 30, 2014 4:11 PM

    WASHINGTON - President Barack Obama blames Republicans for blocking an election-year increase in the federal minimum wage and says their vote denied millions of Americans a way out of poverty. Republicans argue that an increase in the minimum wage would result in job losses. In a mostly partisan vote, the... more »

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