Content Tagged As economy

Tagged News

  • Texas economy strong, but how to keep it that way

    March 30, 2014 1:23 PM

    AUSTIN, Texas (AP) - Oil and gas production is up, construction is on the rise and unemployment is low. The Texas economy is strong with no trouble in sight, economists say. Texans of a certain age have seen this before, and they know what usually happens next. Bust. The question... more »
  • Average Hourly Wage Increasing in Lafayette

    June 28, 2013 6:23 PM

    Acadiana families may have more money in their pockets than last year. According to new figures from the U.S. Bureau of Labor Statistics, the average hourly wage in Lafayette has risen nearly sixty cents since May 2011 up to nineteen dollars in May 2012. The average wage for all... more »
  • New Businesses Bringing New Jobs to Duson

    March 18, 2013 6:36 PM

    The Town of Duson was once known as the town that cannot grow. Mayor Johnny Thibodeaux is looking to change that even creating the slogan "discover the new Duson." "With the interstate being so close to the Town of Duson, we need to use the interstate because it's so... more »
  • US economy adds 146K jobs, rate falls to 7.7 pct.

    December 7, 2012 8:52 AM

    WASHINGTON (AP) - The U.S. economy added 146,000 jobs in November and the unemployment rate fell to 7.7 percent, the lowest since December 2008. The government said Superstorm Sandy had only a minimal effect on the figures. The Labor Department's report on Friday offered a mixed picture for the economy.... more »
  • Hollister Set to Close Mall of Acadiana Location

    November 29, 2012 6:46 AM

    With the holiday shopping season upon us, most retailers are seeing a boom in business, but a popular store at the Mall of Acadiana is getting ready to close its doors. By the end of the year Hollister will no longer be doing business in the Mall of Acadiana according... more »
  • 'Hunger Games' sequel gives boost to Ga. economy

    September 24, 2012 7:47 AM

    JONESBORO, Ga. (AP) - Officials say filming of the second movie in "The Hunger Games" trilogy is expected to provide an economic boost to Clayton County, just south of Atlanta. The Atlanta Journal-Constitution reports that filming of "Catching Fire" is taking place over the next few months at a man-made... more »
  • Hammond's economy on 17-month roll

    July 6, 2012 7:34 AM

    HAMMOND, La. (AP) - The city of Hammond's economy is on a 17-month roll, sales tax receipts indicate. The Advocate reports sales tax collections for the first half of the year are up 7 percent compared to the first half of 2011. The first six months of the year are... more »
  • Acadiana Business Owners Discuss Mission to France

    June 21, 2012 6:36 PM

    Acadiana business owners met at LITE in Lafayette Thursday to discuss a mid-October Trade mission to France to grow their businesses. Many business owners say this trip could open up a world of possibilities. "We would love to make every effort to build bridges between Louisiana companies and... more »
  • Professors discuss how European economy affects NH

    March 22, 2012 7:48 AM

    CONCORD, N.H. (AP) - Two New Hampshire professors are discussing the European economic crisis and how it impacts business in the state. They are speaking at a luncheon Thursday in Concord sponsored by the New Hampshire Business and Industry Association. Guest speakers are Massood Samii from the International Business Center... more »
  • New Fed voters likelier to back help for economy

    January 24, 2012 10:59 AM

    NEW YORK (AP) - If Chairman Ben Bernanke decides the economy needs more help from the Federal Reserve this year, he probably won't face as much resistance as he did last year. Call it the changing of the guard. As the Fed's policy committee meets for the first time this... more »
  • Oil prices fall on concerns of European economy

    January 6, 2012 11:02 AM

    NEW YORK (AP) - Oil prices are falling as concerns about Europe outweigh positive U.S. employment numbers. Benchmark crude fell 51 cents to $101.30 per barrel in New York. Brent crude lost 37 cents at $112.37 per barrel in London. Oil prices rose earlier after the government reported the U.S.... more »
  • Federal Reserve Bank President Visits Lafayette

    August 31, 2011 6:51 PM

    The president of the Federal Reserve Bank in Atlanta visits Lafayette today. Denis Lockhart told an audience of Acadiana financial leaders, it'll be a slow road to full recovery, but things are getting better. Lockhart said," the consumer had been quite cautious about spending. All of that adds up... more »
  • Europe debt crisis shadows Fed meeting on economy

    June 20, 2011 9:28 AM

    WASHINGTON (AP) - If the U.S. economic slowdown weren't enough to deal with, the Federal Reserve this week must consider a new threat: a resurgent European debt crisis that could imperil the global economy. Financial markets have been gripped by fears that Greece will default on its debt and infect... more »
  • Economy Slowed by High Gas Prices, Bad Weather

    April 28, 2011 9:48 AM

    WASHINGTON (AP) - The economy slowed sharply in the first three months of the year as high gas prices cut into consumer spending, bad weather delayed construction projects and the federal government slashed defense spending by the most in six years. The Commerce Department said Thursday that the economy grew... more »
  • Many Questions for Louisiana Economy in 2011

    December 27, 2010 12:31 PM

    NEW ORLEANS (AP) - Uncertain could be the perfect word to describe Louisiana's economy entering the new year. The state took a wild ride in 2010 with major successes - such as nabbing a major steel plant - and chilling setbacks, including a sharp slowdown in petroleum activity after the... more »
  • Economy Loses 95K Jobs Due to Government Layoffs

    October 8, 2010 8:47 AM

    WASHINGTON (AP) - A wave of government layoffs last month outpaced weak hiring in the private sector, pushing down the nation's payrolls by a net total of 95,000 jobs. The Labor Department says the unemployment rate held at 9.6 percent. The jobless rate has now topped 9.5 percent for 14... more »
  • UL Protests Against Higher Education Budget Cuts

    October 7, 2010 8:39 PM

    For the first time in more than a decade, the state ended it's budget year in the red. The 108 million dollar deficit has to be made up somehow, so lawmakers are looking at cutting money to higher education. This isn't the first time students are hearing about budget... more »
  • Fruit of the Loom in Jeanerette Closing Down

    October 5, 2010 7:51 PM

    After almost 40 years... he Fruit of the Loom Distribution Center in Jeanerette is closing due to consolidation. During its peak employment years, the distribution center provided jobs for 2,000 people in Acadiana. A former Fruit of the Loom employee, Diana Colbert, said "it was fantastic in the 80s... more »
  • Poverty Rates on the Rise

    September 17, 2010 7:08 PM

    The latest U.S. Census figures show poverty rates across the country have risen sharply since last year leaping from 13.2% to 14.3%. According to government reports, Louisiana has consistently had some of the highest poverty rates in the country. The most recent study reported Louisiana having a rate... more »
  • Lieutenant Governor Testifies at Forum on Offshore Drilling

    September 13, 2010 7:16 PM

    The Director of the Bureau of Ocean Energy Management, Regulation and Enforcement, Micheal Bromwich, spent the day talking to oil spill experts in Lafayette. The forum was one of eight held in cities throughout the Gulf Coast to evaluate the current state of offshore drilling and to come up... more »
  • Rally for Jobs in Texas

    September 1, 2010 7:42 PM

    Three rallies against the drilling moratorium took place in Texas today. Corpus Christi, Port Arthur and Houston all held rallies simultaneously. A few hundred gathered at one in Port Arthur, Texas. Port Arthur resident, Ed Cadena said, "it is important that we speak up because we are part of... more »
  • Gulf states join forces to boost economy

    August 26, 2010 9:43 PM

    NEW ORLEANS (AP) - Officials, organizations and businesses from Alabama, Florida, Louisiana and Mississippi are forming a new economic development coalition for the Gulf Coast. Dubbed "Ready 4 Takeoff," the coalition is calling for federal government purchases of seafood for the military, schools and other agencies to help the Gulf... more »
  • 7th Straight Month of Job Creation-Good Sign for the Economy

    August 6, 2010 12:09 PM

    WASHINGTON (AP) - President Barack Obama is hailing the seventh straight month of private job creation as a good sign for the economy. But he says the progress "needs to come faster." The president spoke at Gelberg Signs, a small business in Washington, D.C., that is expanding and hiring workers.... more »
  • LOGA Messages

    July 21, 2010 6:42 PM

    Both local and national news media were covering the Rally for Economic Survival. But, as they recorded Governor Jindal, Sammy Kershaw, and other celebrities and politicians, one camera was set up specifically for the "average man and woman." The Louisiana Oil and Gas Association is documenting 30 second to... more »
  • Eunice Mayor Vetos Proposed Budget

    July 19, 2010 7:51 PM

    Mayor Bob Morris of Eunice let his council members know exactly what he thought of their proposed budget. Morris said, "It's ridiculous, the reasons they give for doing this doesn't make any sense." He wrote a letter to all council members-all are against the mayor's budget. The letter... more »
  • Perfect Storm Brewing for La. Economy

    July 19, 2010 7:04 AM

    NEW ORLEANS (AP) - In the blink of an eye, the economic focus in Louisiana has shifted from recession recovery to avoiding actual and potential job losses piling up at a staggering rate. And there's very little that the state can do: The tally is due to the Obama administration... more »
  • The Rally for Economic Survival Attracts Local Business Owners

    July 16, 2010 7:20 PM

    No matter where you drive in Lafayette---you're bound to see signs promoting the Rally for Economic Survival. The rally is set for Wednesday at the Cajundome. It's free and open to the public. Rob Guidry, President of Greater Lafayette Chamber of Commerce, said "we are urging, urging the... more »
  • Salvation Army Gives School Uniforms

    July 16, 2010 1:33 PM

    The Lafayette Salvation Army is offering a little financial relief to families struggling amidst a tough economy and the oil spill. They are giving away school uniforms to qualifying families next week, just in time for the school year to start. Each child will get two uniforms. ... more »
  • New Program Will Hopefully Put Fishermen Back to Work

    July 14, 2010 6:35 PM

    State officials are hoping to lure thousands of fishermen who aren't already working for BP's Vessels of Opportunity program back onto the water. Harlon Pearce, a chairman for the Louisiana Seafood Promotion and Marketing Board, said "We want to give them an ability to go back to work and... more »
  • The Top 28 Leaves Lafayette

    June 3, 2010 6:30 PM

    The Cajundome has been home to The top 28 for 13 years, but after next year the city will have to say farewell to one of it's biggest events. Greg Davis, the Cajundome Director, said "we just were not able to offer our facility for free." ... more »
  • Selling Gold for Quick Cash

    June 3, 2010 2:23 PM

    Selling gold for quick cash is one way many people are making ends meet in this tough economy "My bracelet was very dear to me but it's broken so I decided to get rid of it to help out-- we're on a fixed income and a little extra money... more »
  • Lafayette's First Growth Spurt in 1880

    May 17, 2010 6:57 PM

    The city of Lafayette is home to more than 110,000 people now, but in the late 1800's it was one of the smallest towns in the area. Dr. Carl A. Brasseaux, a history professor at the University of Louisiana, said "Lafayette for example couldn't hold a candle... more »
  • Oil Spill Creates Temp Jobs

    May 4, 2010 2:00 PM

    Five-hundred temporary jobs are opening up because of the oil spill, according to the Louisiana Workforce Commission. "As people come in inquiring about those jobs we refer them to the information about openings and make sure the jobs out there are legit," says Charles Duplechin of LA Works. ... more »
  • Oil Spill Effect on Louisiana's Economy

    April 30, 2010 7:13 PM

    One month ago President Obama announced the expansion of offshore drilling, but in the wake of this week’s disaster, the president had a change of heart depending on what caused the massive oil spill. "We are going to make sure that any leases going forward have those safeguards,”... more »
  • Local Businesses Struggling

    February 26, 2010 2:10 PM

    In today's economy small business owners struggle more than ever to maintain-- and especially to start-- their businesses. Rising costs of supplies and a lack of customers are among the many issues that have lead to business owners fearing the future. Senator Mary Landrieu's Committee on Small Business... more »
  • Louisiana's population shows increase for third year

    December 23, 2009 11:46 AM

    BATON ROUGE - The U.S. Census Bureau recently released population figures indicating that Louisiana experienced the third consecutive year of more people moving into the state than moving out. Prior to this three-year run, Louisiana had gone more than two decades without experiencing a single year of net population in-migration.... more »
  • Initial jobless claims jump in Louisiana

    November 30, 2009 1:22 PM

    BATON ROUGE, La. (AP) - Initial claims for unemployment payments in Louisiana jumped 17.5 percent during the week ending Nov. 21. That's according to the Louisiana Workforce Commission, which counted 5,432 first-time claims for the week. There were 4,623 initial filers the previous week. State labor officials say the increase... more »
  • Benefit the Boogie

    November 23, 2009 11:45 AM

    David Egan has been writing and singing the blues for most of his fifty five years. Egan grew up in a musical household but it wasn't until he was 19 that he made the decision to make it his profession. Since then the Shreveport native has been all over the... more »
  • Lafayette Economy: "Not doing too Well"

    October 13, 2009 7:18 PM

    A Louisiana economist gives Lafayette a two year economic forecast. At Tuesday's annual business luncheon LSU's Loren Scott looks into his crystal ball and gives Acadiana businesses a look into the future. "Well, it's not doing too well." As the rest of the country gets back on its... more »

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