economy

Economy
4:55 pm
Fri August 31, 2012

Weekly claims for unemployment insurance rise

First-time claims for unemployment insurance in Louisiana for the week ending Aug. 25, increased from the previous week's total.

The state labor department figures released Friday show the initial claims increased to 2,956 from the previous week's total of 2,835. Initial claims were below the comparable week a year earlier at 3,648.

The four-week moving average, which is a less volatile measure of claims, decreased to 2,055 from the previous week's total of 2,963.

Unemployment
12:16 pm
Sat August 25, 2012

Jobless rates drop in 62 of 64 Louisiana parishes

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.

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12:55 pm
Fri August 24, 2012

Tracking Recovery Act Dollars in Orleans Parish

Lead in text: 
It’s been nearly three years since the federal stimulus plan began. So ProPublica took all the data used on the government’s stimulus Web site, Recovery.gov, spiffed it up and added thousands of other recovery spending records. The result: the most comprehensive publicly available analysis of stimulus spending that we know of.
Projects Stimulus contracts, grants and loans in Orleans County, La. Data last updated on February 2012. We have CSV files available for download. Sign up here. Note: For some programs where states do not report where money will be distributed across the state, we do not have the allocation for individual counties.
Latest News
6:00 am
Wed August 15, 2012

Study Shows New Orleans in Poverty Crisis

A new study says New Orleans is in a poverty crisis. The review, commissioned by the Greater New Orleans Foundation and conducted by the Greater New Orleans Comunity Data Center, finds financial trouble extending to the middle class.

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Unemployment
2:32 pm
Fri August 10, 2012

Louisiana 1st-time jobless claims increase

First-time claims for unemployment insurance in Louisiana for the week ending Aug. 4 increased from the previous week's total.

The state labor department figures released Friday show the initial claims increased to 3,216 from the previous week's total of 2,988.

For the comparable week a year earlier, there were 4,033 initial claims.

The four-week moving average, which is a less volatile measure of claims, decreased to 3,240 from the previous week's total of 3,426.

Concordia Flood Recovery
4:35 pm
Thu July 19, 2012

Concordia still feeling economic effect of floods

VIDALIA — The Concordia Economic and Industrial Development District is still feeling the effects of last year's Mississippi River flood.

The Natchez Democrat reports (http://bit.ly/LushVu) that the district board figures for the year that ended June 13 show revenues from hotel taxes totaled $71,000 — a decrease from the $90,000 it collected the previous fiscal year.

Project-Based Opportunity Program
4:25 pm
Thu July 19, 2012

State taking applications for Katrina business loan program

The state of Louisiana is accepting applications for a program offering low-interest loans of up to $5 million to businesses affected by hurricanes Katrina and Rita in 2005.

The state Office of Community Development said in a statement Wednesday that the loans are designed to address "unmet business recovery needs" and stimulate economy recovery.

Funding for 11 projects already has been approved through the "Project-Based Opportunity Program."

The loans are funded by federal grants from the Department of Housing and Urban Development.

Business & Technology
2:25 pm
Wed July 18, 2012

City marketing group picks New York agency

Local advertising agencies that held the New Orleans Tourism Marketing Corp. contract for more than a decade failed to win a new deal with the tourism promotion organization.

The Times-Picayune reports (http://bit.ly/Q6WU9Z) the work will go to a New York company.

The marketing corporation's board voted unanimously Tuesday to hire Dentsu America as its advertising agency of record. Dentsu will work with a local company, Spears Consulting Group.

Economy
3:25 pm
Mon July 16, 2012

Call Me Maybe When Your School Loan Is Paid In Full

Some young adults say their student loan debt affects their dating and marriage potential. A few have had partners break up with them over debt, while other couples forge ahead, but keep finances separate and avoid legal marriage.
iStockphoto.com

Originally published on Tue July 17, 2012 4:12 pm

The increasing debt load of college graduates has affected young people's lives in untold ways, from career choices to living arrangements. Now add another impact on a key part of young adult life: dating and marriage.

Rachel Bingham, an art teacher in Portland, Maine, learned this a few years back, when a guy broke it off after four months of a budding relationship. Among other reasons, he cited her $80,000 in student loan debt.

"He said it scared him," she recalls, "that it really made him anxious. And he just did not want to take on my responsibility."

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Lincoln Parish
11:33 am
Mon July 16, 2012

New tax in effect in Lincoln Parish

RUSTON — Lincoln Parish shoppers will find they are paying a little more at the checkout as a new quarter-cent sales tax to support the Sheriff's Office went into effect in July.

The Daily Leader reports (http://bit.ly/NkZ8Qw) Sheriff Mike Stone says revenue from the tax would pay for technology, continuation of services and to help offset a $100,000 deficit from the previous fiscal year.

Jerry Smith, the sheriff's chief civil deputy, says the sales tax affects all purchases and is in effect throughout Lincoln Parish.

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