Unemployment rates fell from June to July in 62 of Louisiana's 64 parishes, according to figures released Friday.
Lafourche Parish has the lowest jobless rate at 5.2 percent. East Carroll Parish's 20 percent rate is the highest. Only Concordia and Franklin parishes saw increases.
The oil-fueled Houma metro area, with 5.4 percent unemployment, is lowest among Louisiana's eight urban areas. Joblessness in metro New Orleans fell to 8.1 percent from 8.7 percent in June. In metro Baton Rouge, it fell to 8 percent from 8.7 percent.
Small businesses in 11 Louisiana parishes are now eligible for low-interest federal disaster loans from the U.S. Small Business Administration.
Alfred E. Judd, director of the SBA's Disaster Field Operations Center-West, said in a news release Tuesday that the loans can offset economic losses caused by the drought that began June 19.
The eligible parishes are Morehouse, Richland, Union, West Carroll, Caldwell, Claiborne, East Carroll, Franklin, Lincoln, Madison and Ouachita. Three neighboring counties in Arkansas — Ashley, Chicot and Union — also are eligible.
Originally published on Wed August 15, 2012 6:32 am
RENEE MONTAGNE, HOST:
NPR's business news starts with the top man at The Times.
(SOUNDBITE OF MUSIC)
MONTAGNE: The New York Times has named its new president and CEO. The man who got the job is Mark Thompson, a former BBC executive. Thompson will face a different business model from the non-profit British broadcaster. The paper is run by a board that's largely elected by a family trust.
A federal appeals court has rejected an effort by Louisiana utility regulators to make Entergy Corp. subsidiaries in Arkansas and Mississippi pay for ending an agreement with their Entergy counterparts in Louisiana and Texas.
The ruling Tuesday by an appeals court in Washington deals with an agreement requiring the separate Entergy utilities to offer roughly equal electricity rates. At times, this has resulted in Entergy Arkansas making payments to Entergy affiliates with higher production costs — causing Arkansas customers to pay more.
The U.S. Department of Labor has set aside nearly $100 million in grants for states to set up or improve existing short-term compensation programs, commonly referred to as "work sharing."
Louisiana's share of the grant is $1.5 million. Work sharing allows employees to keep their jobs and helps employers to avoid laying off their workforce during economic downturns by reducing the hours of work for a group of affected workers.
This week on Out to Lunch, we explore the places where home and business intersect. First, New Orleanian Kay Morrison. Kay was a success in corporate America when she and her husband realized they needed an extra partner — an occasional wife — to do all the at-home stuff Kay wasn’t at home to do. Kay founded The Occasional Wife to become that occasional wife for others.