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Business Buzz: La. 1 of 9 states to see jobless rate dip

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From Shreveport Times.Com

 

La. sees dip in jobless rate

BATON ROUGE — Louisiana’s unemployment rate for July was 7.6 percent — the same as July 2010 and down slightly from 7.8 percent in June — according to seasonally adjusted figures from the federal Bureau of Labor Statistics.

Last month, the number of people listed as unemployed fell to 154,300 from 160,300 in June.

At the same time, the civilian labor force — including the employed and those actively seeking work — fell by about 8,000.

The labor force for June was listed as 2.045 million; for July, 2.037 million.

Twenty-eight states and the District of Columbia registered unemployment rate increases, in Friday’s figures.

Louisiana was one of only nine states that showed a rate decrease. Thirteen states had no rate change.

U.S. rig count goes up by 15

HOUSTON — The number of rigs actively exploring for oil and natural gas in the U.S. increased by 15 last week to 1,974.

Houston-based drilling product provider Baker Hughes Inc. reported Friday that 1,066 rigs were exploring for oil and 900 for natural gas.

Eight were listed as miscellaneous. A year ago this week, the rig count stood at 1,651.

Of the major oil- and gas-producing states, Oklahoma had the biggest increase at 11, compared with last week. Texas added seven, and Wyoming added six.

Arkansas and North Dakota gained one apiece.

Pennsylvania declined by five rigs this week, and Louisiana and New Mexico each dropped by one. Alaska, California, Colorado and West Virginia were unchanged.

The rig count peaked at 4,530 in 1981. A low of 488 was recorded in 1999.

First lease sale since Gulf spill set

WASHINGTON — The government will offer tens of millions of acres in the western Gulf of Mexico for oil and gas drilling for the first time since last year’s massive oil spill.

The Dec. 14 auction, announced Friday, is the first since the April 2010 spill, which led to an overhaul of the offshore drilling agency and safety regulations.

The Interior Department said it would charge a minimum of $100 per acre for the right to explore in deeper waters to ensure that tracts are drilled. The previous minimum was $37.50.

The Obama administration has been criticized for being slow to issue drilling permits and expand production after the disaster.

In May, as gas prices spiked, President Barack Obama announced steps to boost production, including leasing new areas in the Gulf.

— From Wire Reports

 

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Written by demon53

August 23, 2011 at 12:52 pm

Posted in Uncategorized

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