First-time claims for unemployment insurance in Louisiana for the week ending Nov. 30 decreased from the previous week's total due to the shorter work-week for Thanksgiving. The Louisiana Workforce Commission figures released today show the initial claims decreased to 1,850 from the previous week's total of 2,854. For the comparable week a year earlier, there were 4,048. The four-week moving average, which is a less volatile measure of claims, decreased to 2,444 from the previous week's total of 2,558. Continued unemployment claims claimed for the week ending Nov. 30 decreased to 22,425 compared to 22,839 the previous week. The four-week moving average for such claims increased to 22,539 from the previous week's average of 22,536.Up and down:
Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. increased by 12 this week to 1,775. The Houston-based company says in its weekly report, released today, that 1,397 rigs were exploring for oil and 375 for gas. Three were listed as miscellaneous. A year ago there were 1,800 active rigs. Of the major oil- and gas-producing states, Texas gained eight rigs, Oklahoma rose by five, California gained two and Alaska, Utah and West Virginia each increased by one. Louisiana and Pennsylvania each dropped two rigs, while Colorado and North Dakota lost one each. Arkansas, Kansas, New Mexico, Ohio and Wyoming were unchanged. The U.S. rig count peaked at 4,530 in 1981 and bottomed at 488 in 1999.On the list:
The Associated Press has compiled a list of the 44 environmental restoration projects that are thus far planned to be completed with the more than $1 billion that BP has dedicated to recovery from its 2010 oil spill. The projects listed total $627 million and are located in Alabama, Florida, Louisiana, Mississippi and Texas. The Louisiana projects listed include $318.4 million for the Louisiana Outer Coast Restoration project and $22 million for the Louisiana Marine Fisheries Enhancement, Research and Science Center. See the complete list.