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US initial jobless claims drop by 8,000 from previous week 

Fewer Americans applied for jobless aid last week, with the number of those collecting unemployment benefits already near five-decade lows.

EBR job, wage growth trailed national average in fourth quarter

Employment in East Baton Rouge Parish grew 4% in the fourth quarter of last year, while average weekly wages grew 5.2%, according to the...

Tax Foundation ranks Louisiana 48th for business sales taxes

The influential Tax Foundation ranks Louisiana 48th for the sales tax component of its State Business Tax Climate Index. 

Economic forecast downgrades Louisiana job growth

Federal efforts to slow inflation are taking a toll on Louisiana's economy, with job growth now projected to be much less than previously anticipated and full recovery from the pandemic delayed by years.

Fed chair: Central bank won’t hesitate to keep raising rates

Federal Reserve Chair Jerome Powell emphasized his resolve to get inflation down, saying today he will back interest rate increases until prices start falling...

Baton Rouge-area foreclosure filings up nearly 250% from a year ago

Foreclosure filings in the Baton Rouge area were up more than 246% in April compared to the same time last year, when the federal government had a foreclosure moratorium in place. 

Garth Brooks concert brings Baton Rouge hotels $1.6M in revenue

East Baton Rouge Parish hotels raked in $1.6 million on April 30, the night of the Garth Brooks concert at Tiger Stadium, the Baton Rouge Area Chamber reports. 

US initial jobless claims rise slightly 

The number of Americans applying for jobless aid ticked up slightly last week but the total number of Americans collecting benefits remains at its lowest level in more than five decades.

Inflation slows in April after reaching 40-year high in March

Inflation slowed in April after seven months of relentless gains, a tentative sign that price increases may be peaking while still imposing a financial strain on American households.

PAR cautions state legislators to treat budget bonus as short-term boost 

Most of the additional money recognized Monday by Louisiana’s Revenue Estimating Conference should be treated like a short-term largesse as it relates to the...

Recession fears grow, but what are its chances and how soon would it happen? 

Inflation is at a 40-year high. Stock prices are sinking. The Federal Reserve is making borrowing much costlier. And the economy actually shrank in...

Revenue Estimating Conference projects higher tax revenue for Louisiana

Higher tax revenue is helping add $350 million to Louisiana’s general fund budget for the fiscal year that ends at the end of next...

How higher Fed rates stand to affect your finances 

Record-low mortgages below 3%, reached last year, are long gone. Credit card rates will likely rise. So will the cost of an auto loan. Savers may finally receive a yield high enough to top inflation.

Job openings hit record levels in March 

U.S. employers posted a record 11.5 million job openings in March, and some 4.5 million Americans quit or changed positions,

Fed to fight inflation with fastest rate hikes in decades

The Federal Reserve is poised this week to accelerate its most drastic steps in three decades to attack inflation by making it costlier to borrow—for a car, a home, a business deal, a credit card purchase.

Louisiana families need less to get by, but many still fall short  

The average cost of living for a family of four in Louisiana is nearly $10,000 less than the national average, The Center Square reports.  

Inflation continued its surge in March, but pace slows 

An inflation gauge closely tracked by the Federal Reserve surged 6.6% in March compared with a year ago, the highest 12-month jump in four decades

First-quarter drop in GDP not seen as prelude to recession

The U.S. economy shrank in the first three months of the year, and faces threats from high inflation and rising interest rates, yet economists...

US jobless claims continue dropping 

The number of Americans applying for unemployment benefits fell again last week with numbers still at historically low levels.

Capital Region foreclosure filings up 51% last quarter

Foreclosure filings were up almost 51% during the first quarter of this year in the Baton Rouge area compared to the last quarter of 2021 and have doubled from a year ago, a national report shows.