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Is a strong dollar good or bad for the Capital Region’s economy?
The U.S. dollar this month hit its highest level in decades versus several other major currencies, and experts say that strength could continue into...
Fed’s inflation fight likely will cause pain for Americans
Federal Reserve Chair Jerome Powell delivered a stark message today: The Fed is determined to fight inflation with more sharp interest rate hikes, which...
Inflation eases thanks to sharp drop in July energy prices
Inflation eased last month as energy prices tumbled, raising hopes that the surging costs of everything from gasoline to food may have peaked.
According to...
Government upgrades US economic performance in second quarter
The U.S. economy shrank at a 0.6% annual rate from April through June, the government said this morning in an upgrade from its initial...
US initial jobless claims fall as labor market remains strong
Fewer Americans filed for unemployment benefits last week as the labor market continues to stand out as one of the strongest segments of the...
Baton Rouge area added 1,700 jobs in July
For the second month in a row, Louisiana registered a record low unemployment rate, coming in at 3.6%, the Bureau of Labor Statistics reported.
US initial jobless claims see slight drop from previous week
Slightly fewer Americans filed for unemployment benefits last week as the labor market continues to stand out as one of the strongest segments of...
Supply of available workers is headed in wrong direction
As anyone who has lost luggage this summer or waited half an hour for a restaurant check recently could tell you, America needs way...
US initial unemployment claims continue to rise
The number of Americans who signed up for unemployment benefits rose last week to the highest level since November, though the U.S. job market...
US inflation slows from 40-year peak but remains high
Falling gas prices gave Americans a slight break from the pain of high inflation last month, though overall price increases slowed only modestly from...
Capital Region’s ‘seriously underwater’ mortgage rate well above national average
More than 11% of the homes with mortgages in the Baton Rouge area are seriously underwater, compared to a national average of just under 3%, a new report shows.
Job market shows signs of cooling amid rate hikes
The employment market appears to have lost some of its sizzle, a development that could influence Federal Reserve policy and further raise concerns about...
How 2020 changed the economy in ways not yet understood
In an earnings call this week, Yum Brands CEO David Gibbs expressed the confusion many people are feeling as they try to figure out...
Baton Rouge’s not seasonally adjusted unemployment increases to 4.2%
The Louisiana Workforce Commission today announced that Baton Rouge's not seasonally adjusted unemployment rate hit 4.2% in June.
While that rate is a full percentage...
Latest numbers underscore inflation’s grip on US economy
An inflation gauge closely tracked by the Federal Reserve jumped 6.8% in June from a year ago—the biggest increase in four decades—leaving Americans with no relief from surging costs.
Why the national economy shrank
The U.S. economy shrank at an annualized rate of 0.9 % between April and June, marking two consecutive quarters of negative growth.
The contraction comes...
US economy shrinks for second straight quarter, heightening recession fears
The U.S. economy shrank from April through June, the second straight quarterly drop, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession.
Fewer Americans applied for jobless benefits last week
Though fewer Americans applied for initial unemployment benefits last week, the previous week's number was revised upward significantly, with claims breaching the 250,000 level...
Fed follows through on large rate hike aimed at taming inflation
As predicted, the Federal Reserve today raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time in...
Fed expected to announce three-quarter-point rate hike today
When it ends its latest policy meeting this afternoon, the Federal Reserve is expected to impose a second consecutive three-quarter-point hike in its benchmark...
